Jefferies Financial Group Inc. Makes New $1.12 Million Investment in Interface, Inc. (NASDAQ:TILE)

Jefferies Financial Group Inc. purchased a new stake in Interface, Inc. (NASDAQ:TILE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 46,129 shares of the textile maker's stock, valued at approximately $1,123,000. Jefferies Financial Group Inc. owned 0.08% of Interface as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of TILE. Hood River Capital Management LLC acquired a new position in Interface during the fourth quarter worth $28,897,000. Vanguard Group Inc. increased its stake in shares of Interface by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker's stock worth $148,936,000 after purchasing an additional 246,726 shares during the last quarter. Barclays PLC increased its position in Interface by 688.5% in the third quarter. Barclays PLC now owns 256,987 shares of the textile maker's stock worth $4,873,000 after buying an additional 224,395 shares during the last quarter. American Century Companies Inc. lifted its holdings in Interface by 12.3% during the fourth quarter. American Century Companies Inc. now owns 1,992,296 shares of the textile maker's stock valued at $48,512,000 after purchasing an additional 218,113 shares during the last quarter. Finally, Trexquant Investment LP grew its stake in Interface by 385.0% in the 4th quarter. Trexquant Investment LP now owns 240,594 shares of the textile maker's stock valued at $5,858,000 after buying an additional 190,982 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TILE shares. StockNews.com raised shares of Interface from a "hold" rating to a "buy" rating in a research note on Saturday, May 10th. Barrington Research reissued an "outperform" rating and set a $30.00 price objective on shares of Interface in a research note on Friday, May 2nd.

Insider Buying and Selling

In other Interface 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 value of $149,625.00. Following the completion of the sale, the director now owns 96,147 shares in the company, valued at approximately $1,918,132.65. The trade was a 7.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Interface Price Performance

Shares of TILE stock traded down $0.02 during trading on Tuesday, hitting $20.74. The company had a trading volume of 23,876 shares, compared to its average volume of 508,490. The stock's 50-day moving average is $19.39 and its two-hundred day moving average is $22.28. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 0.96 and a beta of 1.95. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. Interface, Inc. has a 52 week low of $14.13 and a 52 week high of $27.34.

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

Interface Dividend Announcement

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

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.