Interface, Inc. (NASDAQ:TILE) Position Raised by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lifted its position in shares of Interface, Inc. (NASDAQ:TILE) by 0.8% in the 3rd quarter, Holdings Channel reports. The fund owned 325,250 shares of the textile maker’s stock after buying an additional 2,423 shares during the period. Segall Bryant & Hamill LLC’s holdings in Interface were worth $6,170,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Hennessy Advisors Inc. acquired a new stake in shares of Interface in the second quarter valued at approximately $7,430,000. American Century Companies Inc. grew its holdings in Interface by 22.3% in the 2nd quarter. American Century Companies Inc. now owns 1,563,447 shares of the textile maker’s stock worth $22,951,000 after buying an additional 285,353 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Interface by 10.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,691,190 shares of the textile maker’s stock valued at $39,507,000 after acquiring an additional 247,350 shares during the period. Gendell Jeffrey L raised its stake in Interface by 1,041.8% during the 1st quarter. Gendell Jeffrey L now owns 250,363 shares of the textile maker’s stock valued at $4,211,000 after acquiring an additional 228,435 shares in the last quarter. Finally, Algert Global LLC acquired a new position in Interface during the 2nd quarter worth $1,828,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TILE shares. Barrington Research raised their price target on Interface from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 1st. StockNews.com cut shares of Interface from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 4th.

Insider Buying and Selling

In other news, VP Stansfield Nigel sold 20,000 shares of Interface stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $24.12, for a total value of $482,400.00. Following the transaction, the vice president now directly owns 144,355 shares of the company’s stock, valued at $3,481,842.60. This trade represents a 12.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.60% of the company’s stock.

Interface Stock Down 1.0 %

TILE opened at $25.21 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. The company has a market capitalization of $1.47 billion, a PE ratio of 17.81, a P/E/G ratio of 1.21 and a beta of 1.97. The stock’s fifty day moving average is $20.37 and its 200-day moving average is $17.67. Interface, Inc. has a one year low of $9.87 and a one year high of $26.11.

Interface (NASDAQ:TILE) last released its earnings results on Friday, November 1st. The textile maker reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.14. The business had revenue of $344.30 million for the quarter, compared to the consensus estimate of $336.39 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. On average, equities analysts predict that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend is Friday, November 29th. Interface’s dividend payout ratio is presently 2.80%.

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.