Interface, Inc. $TILE Stock Holdings Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in shares of Interface, Inc. (NASDAQ:TILE) by 6.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 311,085 shares of the textile maker’s stock after selling 19,899 shares during the quarter. Principal Financial Group Inc.’s holdings in Interface were worth $9,003,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Royal Bank of Canada grew its position in Interface by 8.4% during the 1st quarter. Royal Bank of Canada now owns 19,657 shares of the textile maker’s stock worth $390,000 after purchasing an additional 1,522 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Interface by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,118 shares of the textile maker’s stock valued at $677,000 after purchasing an additional 1,485 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Interface by 5.9% in the first quarter. Goldman Sachs Group Inc. now owns 748,701 shares of the textile maker’s stock worth $14,854,000 after buying an additional 42,011 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Interface by 6.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 151,950 shares of the textile maker’s stock valued at $3,015,000 after buying an additional 9,580 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Interface by 2,695.2% during the second quarter. IFP Advisors Inc now owns 1,174 shares of the textile maker’s stock valued at $25,000 after buying an additional 1,132 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Analysts Set New Price Targets

TILE has been the subject of a number of research reports. Zacks Research lowered Interface from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Weiss Ratings lowered shares of Interface from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, December 24th. Wall Street Zen cut shares of Interface from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 16th. Finally, Barrington Research upped their price objective on shares of Interface from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Interface has a consensus rating of “Hold” and a consensus target price of $36.00.

Interface Stock Down 3.0%

Shares of Interface stock opened at $32.90 on Friday. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 17.14, a P/E/G ratio of 1.13 and a beta of 1.90. The stock has a 50-day simple moving average of $30.11 and a 200-day simple moving average of $27.99. Interface, Inc. has a 52-week low of $17.24 and a 52-week high of $35.11. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.89 and a quick ratio of 1.70.

Interface Company Profile

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.