Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Interface, Inc. (NASDAQ:TILE – Free Report) by 21.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,465 shares of the textile maker’s stock after purchasing an additional 3,230 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Interface were worth $233,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Aristeia Capital LLC purchased a new position in Interface during the third quarter valued at approximately $101,000. Olympiad Research LP acquired a new position in shares of Interface in the third quarter worth $141,000. Los Angeles Capital Management LLC purchased a new stake in shares of Interface during the third quarter worth $264,000. Acadian Asset Management LLC acquired a new stake in Interface during the third quarter valued at $278,000. Finally, Louisiana State Employees Retirement System purchased a new position in Interface in the fourth quarter valued at about $367,000. Institutional investors and hedge funds own 98.34% of the company’s stock.
Interface Stock Performance
Shares of NASDAQ TILE opened at $16.43 on Tuesday. The business’s 50-day simple moving average is $15.92 and its 200-day simple moving average is $13.01. Interface, Inc. has a 52 week low of $6.51 and a 52 week high of $18.47. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.30 and a current ratio of 2.72. The firm has a market cap of $956.23 million, a price-to-earnings ratio of 16.27, a P/E/G ratio of 1.10 and a beta of 1.99.
Interface Dividend Announcement
The company 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 0.24%. The ex-dividend date was Wednesday, March 27th. Interface’s dividend payout ratio (DPR) is 3.96%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Barrington Research raised their price target on Interface from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday. Truist Financial raised their price objective on shares of Interface from $10.00 to $14.00 and gave the company a “hold” rating in a research report on Wednesday, February 28th. Finally, TheStreet raised shares of Interface from a “c” rating to a “b-” rating in a research report on Tuesday, February 27th.
Get Our Latest Stock Analysis on TILE
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.
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