Interface, Inc. (NASDAQ:TILE) Shares Bought by XTX Topco Ltd

XTX Topco Ltd grew its holdings in Interface, Inc. (NASDAQ:TILE) by 314.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,647 shares of the textile maker’s stock after acquiring an additional 34,632 shares during the period. XTX Topco Ltd’s holdings in Interface were worth $670,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of TILE. First Eagle Investment Management LLC grew its stake in Interface by 46.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 176,617 shares of the textile maker’s stock worth $2,593,000 after purchasing an additional 56,093 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Interface during the second quarter worth about $173,000. Renaissance Technologies LLC increased its stake in shares of Interface by 11.0% during the second quarter. Renaissance Technologies LLC now owns 345,400 shares of the textile maker’s stock worth $5,070,000 after buying an additional 34,200 shares during the period. Dimensional Fund Advisors LP raised its holdings in Interface by 10.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,691,190 shares of the textile maker’s stock valued at $39,507,000 after acquiring an additional 247,350 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Interface in the second quarter valued at approximately $91,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Interface Stock Performance

Shares of TILE opened at $18.97 on Monday. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 0.94 and a beta of 1.98. Interface, Inc. has a 52-week low of $8.26 and a 52-week high of $19.45. The company has a quick ratio of 1.45, a current ratio of 2.76 and a debt-to-equity ratio of 0.84. The stock has a 50 day moving average price of $17.57 and a 200 day moving average price of $16.28.

Interface (NASDAQ:TILE) last announced its quarterly earnings results on Friday, August 2nd. The textile maker reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12. The firm had revenue of $346.60 million during the quarter, compared to analysts’ expectations of $340.21 million. Interface had a net margin of 5.20% and a return on equity of 18.42%. Interface’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. Research analysts predict that Interface, Inc. will post 1.28 EPS for the current fiscal year.

Interface Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.21%. The ex-dividend date of this dividend was Friday, August 30th. Interface’s payout ratio is currently 3.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TILE shares. StockNews.com raised shares of Interface from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Barrington Research reissued an “outperform” rating and issued a $22.00 target price on shares of Interface in a report on Friday.

Insider Transactions at Interface

In related news, Director Daniel T. Hendrix sold 10,347 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $14.43, for a total transaction of $149,307.21. Following the completion of the sale, the director now owns 248,300 shares in the company, valued at approximately $3,582,969. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Daniel T. Hendrix sold 10,347 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $14.43, for a total value of $149,307.21. Following the transaction, the director now owns 248,300 shares in the company, valued at approximately $3,582,969. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stansfield Nigel sold 17,500 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $16.44, for a total value of $287,700.00. Following the sale, the vice president now directly owns 164,355 shares of the company’s stock, valued at $2,701,996.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,858 shares of company stock worth $2,091,604. Insiders own 2.60% of the company’s stock.

About Interface

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.