Barclays PLC Increases Stake in Interface, Inc. (NASDAQ:TILE)

Barclays PLC boosted its holdings in Interface, Inc. (NASDAQ:TILE - Free Report) by 688.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 256,987 shares of the textile maker's stock after purchasing an additional 224,395 shares during the period. Barclays PLC owned approximately 0.44% of Interface worth $4,873,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Interface by 1.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,892,968 shares of the textile maker's stock valued at $42,469,000 after acquiring an additional 31,224 shares during the period. Dimensional Fund Advisors LP lifted its position in Interface by 10.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,691,190 shares of the textile maker's stock valued at $39,507,000 after purchasing an additional 247,350 shares during the last quarter. State Street Corp boosted its stake in shares of Interface by 0.6% during the third quarter. State Street Corp now owns 2,232,327 shares of the textile maker's stock valued at $42,347,000 after purchasing an additional 13,686 shares during the period. American Century Companies Inc. grew its holdings in shares of Interface by 22.3% in the second quarter. American Century Companies Inc. now owns 1,563,447 shares of the textile maker's stock worth $22,951,000 after purchasing an additional 285,353 shares during the last quarter. Finally, Meros Investment Management LP increased its stake in shares of Interface by 1.5% in the second quarter. Meros Investment Management LP now owns 698,305 shares of the textile maker's stock worth $10,251,000 after buying an additional 10,616 shares during the period. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on TILE. Barrington Research increased their price target on shares of Interface from $26.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. StockNews.com lowered shares of Interface from a "strong-buy" rating to a "buy" rating in a report on Monday, November 4th.

Insider Buying and Selling

In related news, CFO Bruce Andrew Hausmann sold 30,000 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $25.50, for a total transaction of $765,000.00. Following the sale, the chief financial officer now owns 168,475 shares of the company's stock, valued at $4,296,112.50. The trade was a 15.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel T. Hendrix sold 18,000 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $26.33, for a total transaction of $473,940.00. Following the completion of the sale, the director now owns 153,147 shares in the company, valued at approximately $4,032,360.51. This trade represents a 10.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,175 shares of company stock valued at $2,119,987 over the last ninety days. Company insiders own 2.60% of the company's stock.

Interface Trading Down 0.5 %

NASDAQ:TILE traded down $0.12 during trading hours on Friday, hitting $24.53. The company had a trading volume of 3,114,076 shares, compared to its average volume of 467,129. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. The stock has a 50-day moving average price of $23.64 and a 200 day moving average price of $19.21. The company has a market capitalization of $1.43 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 1.29 and a beta of 2.09. Interface, Inc. has a 52 week low of $11.48 and a 52 week high of $27.34.

Interface (NASDAQ:TILE - Get Free Report) last announced its earnings results on Friday, November 1st. The textile maker reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.14. Interface had a net margin of 6.49% and a return on equity of 19.91%. The firm had revenue of $344.30 million for the quarter, compared to analyst estimates of $336.39 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities research analysts predict 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 was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.16%. Interface's dividend payout ratio is presently 2.80%.

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.