Trillium Asset Management LLC reduced its stake in shares of Interface, Inc. (NASDAQ:TILE) by 11.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,802 shares of the textile maker’s stock after selling 12,849 shares during the quarter. Trillium Asset Management LLC owned about 0.17% of Interface worth $2,307,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. James Investment Research Inc. purchased a new position in shares of Interface in the 2nd quarter worth $885,000. Bessemer Group Inc. increased its position in Interface by 62.4% during the 2nd quarter. Bessemer Group Inc. now owns 44,500 shares of the textile maker’s stock valued at $1,021,000 after purchasing an additional 17,100 shares during the period. Aperio Group LLC increased its position in Interface by 4.9% during the 2nd quarter. Aperio Group LLC now owns 71,766 shares of the textile maker’s stock valued at $1,647,000 after purchasing an additional 3,321 shares during the period. TD Asset Management Inc. purchased a new position in shares of Interface in the 2nd quarter worth approximately $3,222,000. Finally, New York State Teachers Retirement System grew its position in shares of Interface by 3.6% in the 2nd quarter. New York State Teachers Retirement System now owns 166,327 shares of the textile maker’s stock worth $3,817,000 after buying an additional 5,787 shares during the last quarter. Hedge funds and other institutional investors own 93.25% of the company’s stock.

Shares of NASDAQ:TILE opened at $15.96 on Wednesday. The company has a market capitalization of $954.70 million, a P/E ratio of 13.53 and a beta of 1.48. Interface, Inc. has a fifty-two week low of $15.76 and a fifty-two week high of $26.25. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.35 and a current ratio of 2.52.

Interface (NASDAQ:TILE) last announced its quarterly earnings results on Wednesday, October 24th. The textile maker reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company had revenue of $318.33 million for the quarter, compared to analyst estimates of $316.38 million. Interface had a net margin of 4.35% and a return on equity of 24.69%. During the same period in the prior year, the firm posted $0.32 earnings per share. As a group, analysts predict that Interface, Inc. will post 1.48 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Friday, November 9th will be given a $0.065 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.26 dividend on an annualized basis and a yield of 1.63%. Interface’s dividend payout ratio (DPR) is 22.03%.

Several analysts have weighed in on the stock. TheStreet downgraded shares of Interface from a “b” rating to a “c+” rating in a research report on Wednesday, October 24th. BidaskClub upgraded shares of Interface from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. ValuEngine upgraded shares of Interface from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Longbow Research upgraded shares of Interface from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, August 14th. They noted that the move was a valuation call. Finally, Macquarie set a $20.00 target price on shares of Interface and gave the stock a “hold” rating in a report on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Interface presently has an average rating of “Hold” and an average price target of $25.33.

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About Interface

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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