Interface, Inc. (NASDAQ:TILE) Stake Boosted by State Board of Administration of Florida Retirement System - Defense World

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State Board of Administration of Florida Retirement System increased its position in shares of Interface, Inc. (NASDAQ:TILE – Get Rating) by 3.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 201,647 shares of the textile maker’s stock after purchasing an additional 5,978 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.34% of Interface worth $2,736,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. lifted its stake in Interface by 19.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 7,584 shares of the textile maker’s stock valued at $122,000 after buying an additional 1,256 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Interface in the first quarter valued at $157,000. Qube Research & Technologies Ltd bought a new stake in Interface in the fourth quarter valued at $186,000. ProShare Advisors LLC bought a new stake in Interface in the fourth quarter valued at $233,000. Finally, American Trust bought a new stake in Interface in the fourth quarter valued at $242,000. 96.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded Interface from a “c+” rating to a “b-” rating in a research note on Friday, August 5th.

Interface Price Performance

Shares of TILE opened at $13.14 on Friday. The firm has a market capitalization of $781.40 million, a price-to-earnings ratio of 12.40 and a beta of 1.76. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.24 and a current ratio of 2.51. Interface, Inc. has a one year low of $11.87 and a one year high of $18.03. The stock’s fifty day moving average is $13.33 and its 200-day moving average is $13.36.

Interface (NASDAQ:TILE – Get Rating) last issued its quarterly earnings results on Friday, August 5th. The textile maker reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The company had revenue of $346.60 million for the quarter, compared to analyst estimates of $357.70 million. Interface had a return on equity of 23.39% and a net margin of 4.89%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. Equities analysts anticipate that Interface, Inc. will post 1.21 EPS for the current year.

Interface Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Thursday, June 2nd. Interface’s payout ratio is currently 3.77%.

About Interface

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Interface, Inc, a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR brand names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; rubber flooring under the norament and noraplan brand names; and luxury vinyl tile products.