Illinois Municipal Retirement Fund Sells 538 Shares of Interface, Inc. (NASDAQ:TILE)

Illinois Municipal Retirement Fund trimmed its stake in Interface, Inc. (NASDAQ:TILE) by 1.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,457 shares of the textile maker’s stock after selling 538 shares during the period. Illinois Municipal Retirement Fund owned 0.05% of Interface worth $766,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Interface by 17.5% in the fourth quarter. GAMMA Investing LLC now owns 3,880 shares of the textile maker’s stock valued at $94,000 after purchasing an additional 578 shares during the period. Principal Securities Inc. grew its stake in Interface by 103.1% in the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock valued at $36,000 after buying an additional 741 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in Interface by 204.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker’s stock worth $27,000 after acquiring an additional 750 shares during the period. National Bank of Canada FI lifted its position in Interface by 33.7% during the 3rd quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker’s stock worth $64,000 after acquiring an additional 856 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Interface by 70.7% during the third quarter. KBC Group NV now owns 3,472 shares of the textile maker’s stock valued at $66,000 after acquiring an additional 1,438 shares during the period. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TILE shares. Barrington Research reiterated an “outperform” rating and issued a $30.00 price objective on shares of Interface in a research note on Tuesday, February 25th. StockNews.com downgraded Interface from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

Interface Price Performance

NASDAQ:TILE opened at $19.09 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. Interface, Inc. has a one year low of $14.13 and a one year high of $27.34. The company has a fifty day moving average price of $23.31 and a 200 day moving average price of $22.01. The stock has a market cap of $1.11 billion, a P/E ratio of 13.35, a PEG ratio of 0.96 and a beta of 2.10.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business had revenue of $335.00 million during the quarter, compared to analyst estimates of $340.51 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts anticipate that Interface, Inc. will post 1.37 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Daniel T. Hendrix sold 12,500 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $24.10, for a total value of $301,250.00. Following the completion of the transaction, the director now directly owns 116,147 shares in the company, valued at approximately $2,799,142.70. This represents a 9.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David B. Foshee sold 15,175 shares of Interface stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $26.27, for a total transaction of $398,647.25. Following the sale, the vice president now owns 202,398 shares in the company, valued at $5,316,995.46. This represents a 6.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,175 shares of company stock worth $1,471,087. 2.60% of the stock is currently owned by company insiders.

Interface Company Profile

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.