American Century Companies Inc. Has $48.51 Million Stake in Interface, Inc. (NASDAQ:TILE)

American Century Companies Inc. increased its holdings in Interface, Inc. (NASDAQ:TILE - Free Report) by 12.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,992,296 shares of the textile maker's stock after purchasing an additional 218,113 shares during the quarter. American Century Companies Inc. owned 3.42% of Interface worth $48,512,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Barclays PLC increased its holdings in shares of Interface by 688.5% in the third quarter. Barclays PLC now owns 256,987 shares of the textile maker's stock valued at $4,873,000 after buying an additional 224,395 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of Interface in the 3rd quarter worth $4,206,000. Raymond James Financial Inc. acquired a new position in shares of Interface in the 4th quarter worth $2,498,000. Jane Street Group LLC raised its position in shares of Interface by 176.7% during the third quarter. Jane Street Group LLC now owns 158,352 shares of the textile maker's stock worth $3,004,000 after purchasing an additional 101,114 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of Interface in the 3rd quarter valued at $1,661,000. 98.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Interface

In related news, Director Daniel T. Hendrix sold 12,500 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $24.10, for a total transaction of $301,250.00. Following the transaction, the director now directly owns 116,147 shares in the company, valued at $2,799,142.70. The trade was a 9.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 32,500 shares of company stock worth $748,125 in the last 90 days. 2.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TILE has been the topic of a number of recent analyst reports. Barrington Research restated an "outperform" rating and set a $30.00 price target on shares of Interface in a report on Tuesday, February 25th. StockNews.com downgraded Interface from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th.

Interface Stock Down 3.1 %

Interface stock traded down $0.63 during mid-day trading on Friday, hitting $19.75. 557,422 shares of the company's stock were exchanged, compared to its average volume of 513,597. Interface, Inc. has a 1-year low of $14.13 and a 1-year high of $27.34. The stock has a 50 day moving average of $21.51 and a two-hundred day moving average of $22.17. The stock has a market cap of $1.15 billion, a P/E ratio of 13.81, a P/E/G ratio of 0.96 and a beta of 2.18. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66.

Interface (NASDAQ:TILE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.05. The business had revenue of $335.00 million for the quarter, compared to the consensus estimate of $340.51 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The firm's revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.41 EPS. As a group, analysts anticipate that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date is Friday, March 28th. Interface's dividend payout ratio (DPR) is 2.72%.

Interface 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.