Interface, Inc. (NASDAQ:TILE) Shares Bought by First Hawaiian Bank

First Hawaiian Bank boosted its stake in shares of Interface, Inc. (NASDAQ:TILE) by 37.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 50,858 shares of the textile maker’s stock after acquiring an additional 13,968 shares during the period. First Hawaiian Bank’s holdings in Interface were worth $747,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TILE. Jacobs Levy Equity Management Inc. grew its holdings in shares of Interface by 57.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 336,736 shares of the textile maker’s stock valued at $5,664,000 after purchasing an additional 122,249 shares during the period. Gendell Jeffrey L grew its holdings in shares of Interface by 1,041.8% in the first quarter. Gendell Jeffrey L now owns 250,363 shares of the textile maker’s stock valued at $4,211,000 after purchasing an additional 228,435 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Interface by 193.2% in the first quarter. Public Employees Retirement System of Ohio now owns 42,391 shares of the textile maker’s stock valued at $713,000 after purchasing an additional 27,935 shares during the period. Aristides Capital LLC purchased a new stake in shares of Interface in the first quarter valued at about $312,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Interface by 4.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 54,431 shares of the textile maker’s stock valued at $916,000 after purchasing an additional 2,073 shares during the period. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Interface Stock Down 3.3 %

Shares of NASDAQ TILE traded down $0.57 during midday trading on Monday, hitting $16.77. The company’s stock had a trading volume of 681,931 shares, compared to its average volume of 409,717. The business’s fifty day simple moving average is $15.53 and its two-hundred day simple moving average is $15.15. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 1.30. Interface, Inc. has a 1 year low of $8.26 and a 1 year high of $18.47. The firm has a market capitalization of $976.68 million, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 0.93 and a beta of 2.00.

Interface (NASDAQ:TILE) last posted its quarterly earnings data on Friday, August 2nd. The textile maker reported $0.40 EPS for the quarter, beating the consensus estimate of $0.28 by $0.12. Interface had a net margin of 4.73% and a return on equity of 16.94%. The business had revenue of $346.60 million during the quarter, compared to analyst estimates of $340.21 million. During the same quarter last year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts predict that Interface, Inc. will post 1.18 EPS for the current year.

Interface Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.04 annualized dividend and a yield of 0.24%. Interface’s dividend payout ratio (DPR) is 3.96%.

Wall Street Analyst Weigh In

TILE has been the subject of several research analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $22.00 target price on shares of Interface in a research note on Friday. StockNews.com lowered shares of Interface from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 29th.

Insider Activity at Interface

In other Interface news, VP Stansfield Nigel sold 19,990 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $16.24, for a total transaction of $324,637.60. Following the sale, the vice president now owns 181,855 shares of the company’s stock, valued at $2,953,325.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Interface news, VP Stansfield Nigel sold 19,990 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $16.24, for a total transaction of $324,637.60. Following the sale, the vice president now owns 181,855 shares of the company’s stock, valued at $2,953,325.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel T. Hendrix sold 2,153 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $14.67, for a total transaction of $31,584.51. Following the sale, the director now directly owns 246,147 shares in the company, valued at approximately $3,610,976.49. The disclosure for this sale can be found here. Insiders have sold a total of 78,890 shares of company stock valued at $1,264,933 over the last 90 days. 2.60% of the stock is owned by corporate insiders.

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.