Campbell & CO Investment Adviser LLC Makes New Investment in Interface, Inc. (NASDAQ:TILE)

Campbell & CO Investment Adviser LLC purchased a new position in shares of Interface, Inc. (NASDAQ:TILE) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 24,880 shares of the textile maker’s stock, valued at approximately $203,000.

A number of other large investors also recently bought and sold shares of TILE. Norges Bank purchased a new position in Interface during the fourth quarter worth approximately $20,092,000. Bank of New York Mellon Corp raised its stake in Interface by 32.5% during the first quarter. Bank of New York Mellon Corp now owns 1,471,758 shares of the textile maker’s stock worth $11,126,000 after purchasing an additional 360,811 shares during the period. Invesco Ltd. raised its stake in Interface by 12.6% during the first quarter. Invesco Ltd. now owns 3,148,714 shares of the textile maker’s stock worth $23,803,000 after purchasing an additional 353,113 shares during the period. Goldman Sachs Group Inc. raised its stake in Interface by 223.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 469,032 shares of the textile maker’s stock worth $7,782,000 after purchasing an additional 324,042 shares during the period. Finally, Deprince Race & Zollo Inc. raised its stake in Interface by 17.1% during the first quarter. Deprince Race & Zollo Inc. now owns 1,285,772 shares of the textile maker’s stock worth $9,720,000 after purchasing an additional 187,909 shares during the period. 89.30% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on the stock. ValuEngine raised shares of Interface from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 2nd. Zacks Investment Research downgraded shares of Interface from a “hold” rating to a “sell” rating in a research note on Thursday, July 9th. Nomura raised their target price on shares of Interface from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Nomura Instinet raised their target price on shares of Interface from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Nomura Securities raised their target price on shares of Interface from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.17.

TILE opened at $7.98 on Friday. The company has a fifty day simple moving average of $7.82 and a 200 day simple moving average of $10.53. The firm has a market cap of $469.57 million, a price-to-earnings ratio of 4.56 and a beta of 1.84. Interface, Inc. has a twelve month low of $5.06 and a twelve month high of $17.67. The company has a current ratio of 2.32, a quick ratio of 1.14 and a debt-to-equity ratio of 2.87.

Interface (NASDAQ:TILE) last released its quarterly earnings results on Friday, May 8th. The textile maker reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.12. The business had revenue of $288.20 million during the quarter, compared to analyst estimates of $298.13 million. Interface had a negative net margin of 2.25% and a positive return on equity of 31.53%. The business’s revenue was down 3.3% on a year-over-year basis. During the same period last year, the business earned $0.12 EPS. On average, analysts forecast that Interface, Inc. will post 0.85 earnings per share for the current fiscal year.

Interface Company Profile

Interface, Inc, a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; rubber flooring under the norament and noraplan brands; and luxury vinyl tile products.

Recommended Story: What is Considered a Good Return on Equity (ROE)?

Institutional Ownership by Quarter for Interface (NASDAQ:TILE)

Receive News & Ratings for Interface Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interface and related companies with MarketBeat.com's FREE daily email newsletter.