Los Angeles Capital Management LLC Has $1.04 Million Position in Interface, Inc. (NASDAQ:TILE)

Los Angeles Capital Management LLC increased its stake in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 207.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 82,593 shares of the textile maker's stock after acquiring an additional 55,700 shares during the quarter. Los Angeles Capital Management LLC owned about 0.14% of Interface worth $1,042,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of TILE. Swiss National Bank raised its position in Interface by 1.5% during the 3rd quarter. Swiss National Bank now owns 127,500 shares of the textile maker's stock valued at $1,251,000 after purchasing an additional 1,900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Interface by 21.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,465 shares of the textile maker's stock valued at $233,000 after purchasing an additional 3,230 shares during the period. New York State Teachers Retirement System lifted its stake in Interface by 4.7% during the 4th quarter. New York State Teachers Retirement System now owns 120,969 shares of the textile maker's stock valued at $1,527,000 after acquiring an additional 5,441 shares during the period. Aristeia Capital LLC purchased a new stake in Interface in the third quarter valued at $101,000. Finally, Barclays PLC boosted its holdings in Interface by 13.2% during the third quarter. Barclays PLC now owns 94,179 shares of the textile maker's stock worth $922,000 after buying an additional 10,990 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TILE shares. TheStreet raised shares of Interface from a "c" rating to a "b-" rating in a research note on Tuesday, February 27th. Barrington Research lifted their target price on shares of Interface from $20.00 to $22.00 and gave the stock an "outperform" rating in a research note on Friday, May 3rd. Finally, Truist Financial increased their price target on shares of Interface from $10.00 to $14.00 and gave the company a "hold" rating in a research note on Wednesday, February 28th.

Interface Stock Up 1.9 %

Shares of TILE stock traded up $0.31 during trading on Friday, reaching $16.22. The company's stock had a trading volume of 398,454 shares, compared to its average volume of 393,812. The company has a market capitalization of $944.02 million, a price-to-earnings ratio of 16.06, a P/E/G ratio of 1.10 and a beta of 1.99. Interface, Inc. has a 1-year low of $6.51 and a 1-year high of $18.47. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 1.30. The stock's 50-day moving average price is $15.96 and its 200 day moving average price is $13.15.

Interface (NASDAQ:TILE - Get Free Report) last announced its quarterly earnings data on Friday, May 3rd. The textile maker reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.12. Interface had a return on equity of 16.94% and a net margin of 4.73%. The business had revenue of $289.70 million for the quarter, compared to analysts' expectations of $284.76 million. During the same period last year, the firm earned $0.07 earnings per share. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. On average, research analysts anticipate that Interface, Inc. will post 1.05 EPS for the current year.

Interface Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Wednesday, March 27th. Interface's dividend payout ratio (DPR) is 3.96%.

Insider Activity at Interface

In related news, VP Stansfield Nigel sold 19,990 shares of the firm's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $16.24, for a total value of $324,637.60. Following the completion of the sale, the vice president now owns 181,855 shares in the company, valued at $2,953,325.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

About Interface

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.