California Public Employees Retirement System increased its holdings in shares of Interface, Inc. (NASDAQ:TILE) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 166,991 shares of the textile maker’s stock after acquiring an additional 12,991 shares during the quarter. California Public Employees Retirement System’s holdings in Interface were worth $4,200,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in Interface by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 2,143,358 shares of the textile maker’s stock worth $46,939,000 after acquiring an additional 31,189 shares during the last quarter. OxFORD Asset Management LLP boosted its holdings in Interface by 22.9% in the 3rd quarter. OxFORD Asset Management LLP now owns 37,610 shares of the textile maker’s stock valued at $829,000 after purchasing an additional 7,010 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Interface by 55.5% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 23,570 shares of the textile maker’s stock valued at $516,000 after purchasing an additional 8,410 shares during the last quarter. Nationwide Fund Advisors boosted its holdings in Interface by 7.3% in the 3rd quarter. Nationwide Fund Advisors now owns 160,228 shares of the textile maker’s stock valued at $3,509,000 after purchasing an additional 10,870 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in Interface by 2.9% in the 4th quarter. Wedge Capital Management L L P NC now owns 803,417 shares of the textile maker’s stock valued at $20,206,000 after purchasing an additional 23,010 shares during the last quarter. Hedge funds and other institutional investors own 94.58% of the company’s stock.

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Interface, Inc. (NASDAQ:TILE) opened at $24.75 on Thursday. The company has a quick ratio of 1.43, a current ratio of 2.44 and a debt-to-equity ratio of 0.65. The firm has a market cap of $1,490.00, a PE ratio of 22.30 and a beta of 1.26. Interface, Inc. has a fifty-two week low of $17.83 and a fifty-two week high of $26.25.

Interface (NASDAQ:TILE) last posted its earnings results on Wednesday, February 21st. The textile maker reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. The company had revenue of $266.21 million for the quarter, compared to analyst estimates of $256.68 million. Interface had a net margin of 5.34% and a return on equity of 22.08%. Interface’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. equities research analysts predict that Interface, Inc. will post 1.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.26 annualized dividend and a dividend yield of 1.05%. Interface’s dividend payout ratio is currently 23.42%.

Several equities analysts have weighed in on the stock. ValuEngine upgraded shares of Interface from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub lowered shares of Interface from a “buy” rating to a “hold” rating in a report on Thursday, December 14th. Finally, Zacks Investment Research upgraded shares of Interface from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.33.

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Interface Company Profile

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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Institutional Ownership by Quarter for Interface (NASDAQ:TILE)

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