Creative Planning Buys 4,496 Shares of Interface, Inc. (NASDAQ:TILE)

Creative Planning increased its holdings in shares of Interface, Inc. (NASDAQ:TILE) by 24.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,720 shares of the textile maker’s stock after purchasing an additional 4,496 shares during the period. Creative Planning’s holdings in Interface were worth $431,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TILE. Innealta Capital LLC acquired a new stake in Interface during the second quarter worth approximately $32,000. Allspring Global Investments Holdings LLC acquired a new stake in Interface during the first quarter worth approximately $57,000. DekaBank Deutsche Girozentrale acquired a new stake in Interface during the second quarter worth approximately $91,000. Point72 DIFC Ltd acquired a new stake in Interface during the second quarter worth approximately $106,000. Finally, SG Americas Securities LLC acquired a new stake in Interface during the first quarter worth approximately $110,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TILE. Barrington Research raised their target price on Interface from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. StockNews.com cut Interface from a “strong-buy” rating to a “buy” rating in a research note on Monday.

Insider Activity at Interface

In related news, CFO Bruce Andrew Hausmann sold 55,000 shares of Interface stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $17.00, for a total transaction of $935,000.00. Following the transaction, the chief financial officer now owns 198,475 shares of the company’s stock, valued at $3,374,075. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Bruce Andrew Hausmann sold 55,000 shares of Interface stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $17.00, for a total transaction of $935,000.00. Following the transaction, the chief financial officer now owns 198,475 shares of the company’s stock, valued at $3,374,075. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel T. Hendrix sold 3,555 shares of Interface stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $17.53, for a total value of $62,319.15. Following the transaction, the director now directly owns 191,147 shares in the company, valued at approximately $3,350,806.91. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,555 shares of company stock valued at $1,479,719 over the last 90 days. Insiders own 2.60% of the company’s stock.

Interface Trading Up 2.5 %

Shares of Interface stock opened at $24.73 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. Interface, Inc. has a 52 week low of $9.04 and a 52 week high of $24.97. The stock has a 50 day moving average price of $18.98 and a two-hundred day moving average price of $17.01. The stock has a market capitalization of $1.44 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.14 and a beta of 1.97.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Friday, November 1st. The textile maker reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.14. Interface had a return on equity of 19.91% and a net margin of 6.49%. The firm had revenue of $344.30 million during the quarter, compared to analysts’ expectations of $336.39 million. During the same quarter last year, the firm posted $0.28 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, equities analysts anticipate that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.01 per share. The ex-dividend date was Friday, August 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.16%. Interface’s payout ratio is 2.80%.

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.