Schroder Investment Management Group Has $10.54 Million Stake in Interface, Inc. $TILE

Schroder Investment Management Group lowered its position in shares of Interface, Inc. (NASDAQ:TILE) by 14.6% during the second quarter, Holdings Channel.com reports. The firm owned 499,931 shares of the textile maker’s stock after selling 85,184 shares during the quarter. Schroder Investment Management Group’s holdings in Interface were worth $10,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TILE. Sei Investments Co. grew its holdings in Interface by 0.9% in the 1st quarter. Sei Investments Co. now owns 64,897 shares of the textile maker’s stock valued at $1,288,000 after buying an additional 568 shares in the last quarter. Atria Investments Inc grew its stake in shares of Interface by 4.8% in the second quarter. Atria Investments Inc now owns 12,990 shares of the textile maker’s stock valued at $272,000 after acquiring an additional 590 shares in the last quarter. Summit Global Investments increased its position in Interface by 1.4% during the second quarter. Summit Global Investments now owns 47,750 shares of the textile maker’s stock worth $999,000 after acquiring an additional 662 shares during the period. Ethic Inc. boosted its holdings in Interface by 6.2% in the 2nd quarter. Ethic Inc. now owns 11,797 shares of the textile maker’s stock valued at $249,000 after purchasing an additional 686 shares during the period. Finally, Jennison Associates LLC grew its position in shares of Interface by 0.8% during the 2nd quarter. Jennison Associates LLC now owns 88,693 shares of the textile maker’s stock worth $1,856,000 after purchasing an additional 707 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TILE. Barrington Research reiterated an “outperform” rating and issued a $32.00 price target on shares of Interface in a research report on Friday, October 31st. Wall Street Zen lowered Interface from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 16th. Weiss Ratings upgraded Interface from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. Finally, Zacks Research upgraded Interface from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat.com, Interface currently has a consensus rating of “Buy” and an average price target of $32.00.

Interface Stock Up 0.6%

NASDAQ TILE opened at $27.96 on Thursday. The business has a fifty day moving average price of $27.05 and a two-hundred day moving average price of $24.71. The stock has a market capitalization of $1.63 billion, a PE ratio of 14.56, a PEG ratio of 1.01 and a beta of 1.94. Interface, Inc. has a fifty-two week low of $17.24 and a fifty-two week high of $30.20. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.89 and a quick ratio of 1.70.

Interface (NASDAQ:TILE) last issued its quarterly earnings results on Friday, October 31st. The textile maker reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.15. Interface had a return on equity of 19.30% and a net margin of 8.27%.The company had revenue of $364.53 million for the quarter, compared to analyst estimates of $358.19 million. During the same quarter last year, the company posted $0.48 EPS. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts expect that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.3%. Interface’s dividend payout ratio is 4.17%.

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.