Principal Securities Inc. Purchases 741 Shares of Interface, Inc. (NASDAQ:TILE)

Principal Securities Inc. grew its holdings in shares of Interface, Inc. (NASDAQ:TILE) by 103.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,460 shares of the textile maker’s stock after buying an additional 741 shares during the period. Principal Securities Inc.’s holdings in Interface were worth $36,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP lifted its position in Interface by 499.5% during the 3rd quarter. Quarry LP now owns 2,476 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 2,063 shares during the period. National Bank of Canada FI lifted its holdings in shares of Interface by 33.7% during the third quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker’s stock valued at $64,000 after purchasing an additional 856 shares during the last quarter. KBC Group NV boosted its position in shares of Interface by 70.7% in the 3rd quarter. KBC Group NV now owns 3,472 shares of the textile maker’s stock worth $66,000 after purchasing an additional 1,438 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Interface by 17.5% in the 4th quarter. GAMMA Investing LLC now owns 3,880 shares of the textile maker’s stock worth $94,000 after buying an additional 578 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Interface by 174.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,934 shares of the textile maker’s stock worth $113,000 after buying an additional 3,770 shares during the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TILE has been the topic of several analyst reports. Barrington Research reissued an “outperform” rating and issued a $30.00 target price on shares of Interface in a report on Tuesday. StockNews.com raised Interface from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 24th.

Insider Buying and Selling

In related news, VP David B. Foshee sold 15,175 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $26.27, for a total transaction of $398,647.25. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel T. Hendrix sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $26.33, for a total transaction of $473,940.00. Following the completion of the sale, the director now owns 153,147 shares in the company, valued at $4,032,360.51. This represents a 10.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,175 shares of company stock worth $1,471,087. 2.60% of the stock is owned by corporate insiders.

Interface Trading Up 3.2 %

NASDAQ:TILE opened at $20.23 on Friday. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 0.96 and a beta of 2.10. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average price is $23.43 and its 200-day moving average price is $21.92. Interface, Inc. has a 52 week low of $14.13 and a 52 week high of $27.34.

Interface (NASDAQ:TILE) last issued its earnings results on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. Interface had a return on equity of 19.91% and a net margin of 6.49%. The business had revenue of $335.00 million for the quarter, compared to the consensus estimate of $340.51 million. During the same period last year, the business posted $0.41 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts forecast that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

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.