California State Teachers Retirement System Has $2.18 Million Stake in Interface, Inc. (TILE)

California State Teachers Retirement System decreased its stake in shares of Interface, Inc. (NASDAQ:TILE) by 9.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,457 shares of the textile maker’s stock after selling 10,795 shares during the period. California State Teachers Retirement System owned about 0.16% of Interface worth $2,178,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. OxFORD Asset Management LLP lifted its position in Interface by 22.9% during the third 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 period. KBC Group NV lifted its position in Interface by 487.7% during the third quarter. KBC Group NV now owns 39,880 shares of the textile maker’s stock valued at $873,000 after purchasing an additional 33,094 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Interface by 3.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 445,668 shares of the textile maker’s stock valued at $9,761,000 after purchasing an additional 15,282 shares during the period. WINTON GROUP Ltd lifted its position in Interface by 152.4% during the third quarter. WINTON GROUP Ltd now owns 109,006 shares of the textile maker’s stock valued at $2,387,000 after purchasing an additional 65,811 shares during the period. Finally, American International Group Inc. lifted its position in Interface by 5.4% during the third quarter. American International Group Inc. now owns 49,216 shares of the textile maker’s stock valued at $1,078,000 after purchasing an additional 2,525 shares during the period. Institutional investors own 93.15% of the company’s stock.

Interface, Inc. (NASDAQ TILE) opened at $25.70 on Tuesday. The firm has a market cap of $1,548.45, a P/E ratio of 30.24 and a beta of 1.35. Interface, Inc. has a 52-week low of $17.17 and a 52-week high of $25.70. The company has a current ratio of 2.51, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66.

Interface (NASDAQ:TILE) last released its quarterly earnings results on Wednesday, October 25th. The textile maker reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Interface had a net margin of 5.53% and a return on equity of 21.39%. The business had revenue of $257.43 million for the quarter, compared to the consensus estimate of $255.63 million. During the same period last year, the firm earned $0.25 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. equities analysts expect that Interface, Inc. will post 1.15 EPS for the current year.

In other Interface news, Director Daniel T. Hendrix sold 27,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $22.95, for a total value of $619,650.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by company insiders.

A number of research analysts recently weighed in on the stock. BidaskClub downgraded shares of Interface from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine upgraded shares of Interface from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Stifel Nicolaus restated a “hold” rating and set a $23.00 price objective on shares of Interface in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of Interface from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Saturday, October 28th. Finally, Nomura increased their price objective on shares of Interface from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $25.67.

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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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