Goldman Sachs Group Inc. Sells 21,344 Shares of Interface, Inc. (NASDAQ:TILE)

Goldman Sachs Group Inc. lessened its holdings in Interface, Inc. (NASDAQ:TILE) by 16.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,683 shares of the textile maker’s stock after selling 21,344 shares during the quarter. Goldman Sachs Group Inc. owned 0.18% of Interface worth $1,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Reynders McVeigh Capital Management LLC grew its stake in Interface by 29.6% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 413,815 shares of the textile maker’s stock valued at $6,331,000 after purchasing an additional 94,620 shares during the period. Geode Capital Management LLC grew its stake in Interface by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,006,139 shares of the textile maker’s stock valued at $15,393,000 after purchasing an additional 22,602 shares during the period. Acuitas Investments LLC grew its stake in Interface by 11.9% in the 2nd quarter. Acuitas Investments LLC now owns 440,300 shares of the textile maker’s stock valued at $6,737,000 after purchasing an additional 46,669 shares during the period. Green Alpha Advisors LLC grew its stake in Interface by 221.8% in the 2nd quarter. Green Alpha Advisors LLC now owns 86,606 shares of the textile maker’s stock valued at $1,325,000 after purchasing an additional 59,695 shares during the period. Finally, Teza Capital Management LLC bought a new position in Interface in the 2nd quarter valued at $154,000. Hedge funds and other institutional investors own 88.61% of the company’s stock.

Several research analysts have recently weighed in on the company. Raymond James upgraded Interface from a “market perform” rating to an “outperform” rating and set a $19.00 price target for the company in a research note on Monday, November 8th. Zacks Investment Research upgraded Interface from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Wednesday, November 10th.

TILE stock opened at $15.29 on Monday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.19 and a current ratio of 2.28. The company has a market capitalization of $902.95 million, a price-to-earnings ratio of 16.99 and a beta of 1.87. Interface, Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $18.03. The stock has a fifty day moving average of $15.48 and a 200-day moving average of $15.08.

Interface (NASDAQ:TILE) last issued its quarterly earnings data on Friday, November 5th. The textile maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $312.70 million for the quarter, compared to analysts’ expectations of $315.20 million. Interface had a return on equity of 18.40% and a net margin of 4.66%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 EPS. Equities analysts predict that Interface, Inc. will post 1.08 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 17th. Investors of record on Friday, December 3rd will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 2nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.26%. Interface’s dividend payout ratio (DPR) is 4.44%.

Interface Company Profile

Interface, Inc is a flooring company, which offers carpet tile & resilient flooring, including luxury vinyl tile and rubber flooring products. The firm designs, manufactures and sells modular carpet, manufactured for the commercial and institutional markets under the interface brand, and for consumer markets as FLOR modular carpets.

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Institutional Ownership by Quarter for Interface (NASDAQ:TILE)