LSV Asset Management Sells 45,077 Shares of Interface, Inc. $TILE

LSV Asset Management cut its stake in Interface, Inc. (NASDAQ:TILE) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 823,329 shares of the textile maker’s stock after selling 45,077 shares during the quarter. LSV Asset Management owned about 1.41% of Interface worth $23,827,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its holdings in Interface by 15.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 105,549 shares of the textile maker’s stock valued at $3,055,000 after buying an additional 13,752 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Interface during the 3rd quarter worth approximately $231,000. Arjuna Capital increased its holdings in Interface by 6.1% during the 3rd quarter. Arjuna Capital now owns 22,141 shares of the textile maker’s stock worth $641,000 after acquiring an additional 1,280 shares during the period. AlphaQuest LLC lifted its stake in Interface by 5.1% in the 3rd quarter. AlphaQuest LLC now owns 12,368 shares of the textile maker’s stock worth $358,000 after purchasing an additional 601 shares in the last quarter. Finally, AE Wealth Management LLC boosted its holdings in Interface by 21.1% in the 3rd quarter. AE Wealth Management LLC now owns 13,058 shares of the textile maker’s stock valued at $378,000 after purchasing an additional 2,273 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Analysts Set New Price Targets

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

Interface Price Performance

TILE opened at $33.40 on Friday. The company has a current ratio of 2.89, a quick ratio of 1.70 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $1.95 billion, a P/E ratio of 17.40, a PEG ratio of 1.10 and a beta of 1.90. The stock has a 50-day moving average price of $30.24 and a 200-day moving average price of $28.07. Interface, Inc. has a 12-month low of $17.24 and a 12-month high of $35.11.

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.