Zebra Capital Management LLC increased its holdings in shares of Interface, Inc. (NASDAQ:TILE) by 9.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 36,939 shares of the textile maker’s stock after purchasing an additional 3,223 shares during the period. Zebra Capital Management LLC owned 0.06% of Interface worth $848,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of TILE. NumerixS Investment Technologies Inc grew its holdings in Interface by 122.6% during the second quarter. NumerixS Investment Technologies Inc now owns 6,900 shares of the textile maker’s stock worth $158,000 after purchasing an additional 3,800 shares during the period. Itau Unibanco Holding S.A. bought a new position in Interface during the second quarter worth about $170,000. First Mercantile Trust Co. grew its holdings in Interface by 90.1% during the first quarter. First Mercantile Trust Co. now owns 9,687 shares of the textile maker’s stock worth $244,000 after purchasing an additional 4,592 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Interface during the second quarter worth about $289,000. Finally, Profund Advisors LLC grew its holdings in Interface by 27.9% during the first quarter. Profund Advisors LLC now owns 11,896 shares of the textile maker’s stock worth $300,000 after purchasing an additional 2,592 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

NASDAQ TILE opened at $23.45 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.57 and a quick ratio of 1.46. Interface, Inc. has a 1-year low of $19.83 and a 1-year high of $26.25. The company has a market capitalization of $1.40 billion, a PE ratio of 18.01 and a beta of 1.16.

Interface (NASDAQ:TILE) last released its quarterly earnings results on Wednesday, July 25th. The textile maker reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Interface had a net margin of 5.67% and a return on equity of 23.63%. The company had revenue of $283.60 million during the quarter, compared to the consensus estimate of $274.94 million. During the same period in the previous year, the business earned $0.33 earnings per share. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. sell-side analysts anticipate that Interface, Inc. will post 1.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 24th. Stockholders of record on Friday, August 10th were given a $0.065 dividend. The ex-dividend date of this dividend was Thursday, August 9th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.11%. Interface’s payout ratio is 22.03%.

Several brokerages have issued reports on TILE. BidaskClub upgraded shares of Interface from a “sell” rating to a “hold” rating in a research report on Wednesday, June 13th. ValuEngine downgraded shares of Interface from a “buy” rating to a “hold” rating in a research report on Thursday, May 24th. Longbow Research upgraded shares of Interface from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, August 14th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Interface from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a research report on Friday, August 10th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $26.75.

Interface Profile

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 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; and luxury vinyl tile products.

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Institutional Ownership by Quarter for Interface (NASDAQ:TILE)

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