Interface, Inc. $TILE Shares Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC increased its holdings in shares of Interface, Inc. (NASDAQ:TILE) by 133.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,022 shares of the textile maker’s stock after buying an additional 46,840 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Interface were worth $2,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in TILE. Royal Bank of Canada boosted its holdings in Interface by 8.4% in the first quarter. Royal Bank of Canada now owns 19,657 shares of the textile maker’s stock worth $390,000 after acquiring an additional 1,522 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Interface by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,118 shares of the textile maker’s stock valued at $677,000 after acquiring an additional 1,485 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Interface by 5.9% during the first quarter. Goldman Sachs Group Inc. now owns 748,701 shares of the textile maker’s stock valued at $14,854,000 after acquiring an additional 42,011 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Interface by 6.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 151,950 shares of the textile maker’s stock valued at $3,015,000 after purchasing an additional 9,580 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Interface by 24.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 201,630 shares of the textile maker’s stock valued at $4,220,000 after purchasing an additional 39,941 shares during the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

Interface Stock Down 1.7%

Shares of TILE stock opened at $37.92 on Tuesday. Interface, Inc. has a twelve month low of $24.40 and a twelve month high of $40.50. The stock has a market cap of $2.20 billion, a P/E ratio of 15.35, a P/E/G ratio of 1.09 and a beta of 1.90. The stock has a 50 day moving average of $35.51 and a 200 day moving average of $31.15. The company has a current ratio of 2.53, a quick ratio of 1.35 and a debt-to-equity ratio of 0.29.

Interface (NASDAQ:TILE) last released its quarterly earnings data on Friday, August 7th. The textile maker reported $0.88 EPS for the quarter, topping the consensus estimate of $0.64 by $0.24. The business had revenue of $395.70 million for the quarter, compared to analyst estimates of $391.22 million. Interface had a return on equity of 21.77% and a net margin of 10.10%.The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. As a group, sell-side analysts expect that Interface, Inc. will post 2.36 EPS for the current year.

Interface Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Interface’s dividend payout ratio is 4.86%.

Insider Transactions at Interface

In related news, CEO Laurel Hurd sold 7,000 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $39.09, for a total transaction of $273,630.00. Following the sale, the chief executive officer owned 506,978 shares in the company, valued at approximately $19,817,770.02. This trade represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TILE. Weiss Ratings upgraded shares of Interface from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Benchmark initiated coverage on shares of Interface in a report on Tuesday, May 19th. They issued a “buy” rating and a $36.00 price target for the company. Wall Street Zen cut shares of Interface from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Barrington Research lifted their price objective on shares of Interface from $36.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Finally, Zacks Research raised shares of Interface from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Interface has a consensus rating of “Buy” and an average price target of $40.50.

Interface Company Profile

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.