D. E. Shaw & Co. Inc. Acquires 164,893 Shares of Interface, Inc. (NASDAQ:TILE)

D. E. Shaw & Co. Inc. raised its stake in Interface, Inc. (NASDAQ:TILE - Free Report) by 365.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 210,075 shares of the textile maker's stock after buying an additional 164,893 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.36% of Interface worth $5,115,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Bayesian Capital Management LP bought a new position in Interface in the fourth quarter valued at approximately $217,000. Ameriprise Financial Inc. lifted its holdings in shares of Interface by 30.8% in the fourth quarter. Ameriprise Financial Inc. now owns 410,819 shares of the textile maker's stock valued at $10,003,000 after purchasing an additional 96,669 shares in the last quarter. Algert Global LLC lifted its holdings in shares of Interface by 14.5% in the fourth quarter. Algert Global LLC now owns 219,854 shares of the textile maker's stock valued at $5,353,000 after purchasing an additional 27,783 shares in the last quarter. Comerica Bank lifted its holdings in shares of Interface by 161.0% in the fourth quarter. Comerica Bank now owns 53,841 shares of the textile maker's stock valued at $1,311,000 after purchasing an additional 33,214 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Interface by 11.6% in the fourth quarter. Northern Trust Corp now owns 665,537 shares of the textile maker's stock valued at $16,206,000 after purchasing an additional 69,417 shares in the last quarter. Institutional investors own 98.34% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. StockNews.com raised shares of Interface from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th. Barrington Research reiterated an "outperform" rating and set a $30.00 target price on shares of Interface in a report on Friday, May 2nd.

Interface Stock Performance

TILE stock traded up $0.07 during trading hours on Tuesday, reaching $20.83. The stock had a trading volume of 482,390 shares, compared to its average volume of 510,305. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. The stock has a 50-day simple moving average of $19.39 and a 200 day simple moving average of $22.28. The stock has a market capitalization of $1.21 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 0.96 and a beta of 1.95. Interface, Inc. has a fifty-two week low of $14.13 and a fifty-two week high of $27.34.

Interface (NASDAQ:TILE - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The textile maker reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.04. Interface had a return on equity of 19.91% and a net margin of 6.49%. The business had revenue of $297.41 million for the quarter, compared to analysts' expectations of $297.11 million. During the same quarter in the prior year, the business earned $0.24 EPS. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. Analysts predict that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.04 annualized dividend and a yield of 0.19%. Interface's dividend payout ratio is currently 2.76%.

Insiders Place Their Bets

In other news, Director Daniel T. Hendrix sold 7,500 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $19.95, for a total transaction of $149,625.00. Following the completion of the sale, the director now owns 96,147 shares in the company, valued at $1,918,132.65. The trade was a 7.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.30% of the company's stock.

Interface Profile

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.