Macquarie Group Ltd. lessened its holdings in shares of Interface, Inc. (NASDAQ:TILE) by 72.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,370 shares of the textile maker’s stock after selling 108,730 shares during the quarter. Macquarie Group Ltd. owned approximately 0.07% of Interface worth $1,066,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Zions Bancorporation purchased a new position in Interface during the 3rd quarter valued at about $118,000. Wolverine Trading LLC purchased a new position in Interface during the 4th quarter valued at about $218,000. Amalgamated Bank purchased a new position in Interface during the 4th quarter valued at about $219,000. Two Sigma Securities LLC purchased a new position in Interface during the 4th quarter valued at about $240,000. Finally, Fox Run Management L.L.C. purchased a new position in Interface during the 4th quarter valued at about $249,000. 96.05% of the stock is currently owned by institutional investors.
Several equities analysts have weighed in on the company. BidaskClub cut Interface from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine raised Interface from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research raised Interface from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.33.
Interface (NASDAQ:TILE) last announced its quarterly earnings results on Wednesday, February 21st. The textile maker reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The business had revenue of $266.21 million during the quarter, compared to analysts’ expectations of $256.68 million. Interface had a return on equity of 22.08% and a net margin of 5.34%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 EPS. equities analysts forecast that Interface, Inc. will post 1.42 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were paid a $0.065 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.26 annualized dividend and a dividend yield of 1.03%. Interface’s payout ratio is 22.03%.
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Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.
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