Amundi Has $804,000 Stock Holdings in Interface, Inc. (NASDAQ:TILE)

Amundi boosted its position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 202.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,408 shares of the textile maker's stock after purchasing an additional 23,013 shares during the period. Amundi owned 0.06% of Interface worth $804,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TILE. Venturi Wealth Management LLC boosted its position in Interface by 204.4% during the fourth quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock valued at $27,000 after purchasing an additional 750 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Interface by 78.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock valued at $30,000 after purchasing an additional 546 shares during the last quarter. Principal Securities Inc. boosted its position in Interface by 103.1% during the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock valued at $36,000 after purchasing an additional 741 shares during the last quarter. Quarry LP boosted its position in Interface by 499.5% during the third quarter. Quarry LP now owns 2,476 shares of the textile maker's stock valued at $47,000 after purchasing an additional 2,063 shares during the last quarter. Finally, US Bancorp DE boosted its position in Interface by 163.5% during the fourth quarter. US Bancorp DE now owns 2,398 shares of the textile maker's stock valued at $58,000 after purchasing an additional 1,488 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company's stock.

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Interface Stock Down 0.1 %

Shares of NASDAQ:TILE traded down $0.02 on Friday, reaching $19.74. The company had a trading volume of 2,042,412 shares, compared to its average volume of 489,191. Interface, Inc. has a twelve month low of $14.13 and a twelve month high of $27.34. The stock has a 50-day moving average price of $21.86 and a 200 day moving average price of $22.06. The stock has a market capitalization of $1.15 billion, a P/E ratio of 13.80, a P/E/G ratio of 0.96 and a beta of 2.18. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66.

Interface (NASDAQ:TILE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. Interface had a return on equity of 19.91% and a net margin of 6.49%. The business had revenue of $335.00 million for the quarter, compared to analyst estimates of $340.51 million. During the same period in the previous year, the company posted $0.41 earnings per share. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts expect that Interface, Inc. will post 1.37 EPS for the current year.

Interface Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.04 annualized dividend and a dividend yield of 0.20%. Interface's dividend payout ratio is 2.72%.

Insider Transactions at Interface

In related news, Director Daniel T. Hendrix sold 7,500 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $19.95, for a total value of $149,625.00. Following the completion of the sale, the director now owns 96,147 shares in the company, valued at approximately $1,918,132.65. This trade represents a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have sold 32,500 shares of company stock worth $748,125. Insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.