Barclays PLC Sells 16,666 Shares of Interface, Inc. (NASDAQ:TILE)

Barclays PLC lowered its position in Interface, Inc. (NASDAQ:TILE - Free Report) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 240,321 shares of the textile maker's stock after selling 16,666 shares during the period. Barclays PLC owned about 0.41% of Interface worth $5,853,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TILE. Venturi Wealth Management LLC increased its position in shares of Interface by 204.4% during the 4th 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. Huntington National Bank purchased a new stake in Interface during the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC raised its position in Interface by 78.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock worth $30,000 after acquiring an additional 546 shares during the period. Principal Securities Inc. boosted its stake in shares of Interface by 103.1% during the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock worth $36,000 after acquiring an additional 741 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of Interface by 163.5% during the 4th quarter. US Bancorp DE now owns 2,398 shares of the textile maker's stock valued at $58,000 after acquiring an additional 1,488 shares during the period. Hedge funds and other institutional investors own 98.34% of the company's stock.

Interface Stock Up 0.8 %

Shares of TILE stock opened at $18.75 on Friday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 0.96 and a beta of 1.93. 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 company's fifty day moving average price is $19.31 and its 200-day moving average price is $22.13. Interface, Inc. has a one year low of $14.13 and a one year high of $27.34.

Interface (NASDAQ:TILE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $340.51 million. During the same period in the previous year, the business earned $0.41 earnings per share. The business's revenue was up 3.0% on a year-over-year basis. Sell-side analysts expect that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.21%. Interface's dividend payout ratio is 2.72%.

Analysts Set New Price Targets

TILE has been the topic of several analyst reports. StockNews.com downgraded Interface from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Barrington Research reaffirmed an "outperform" rating and set a $30.00 price objective on shares of Interface in a research report on Tuesday, April 15th.

Insider Activity at Interface

In other Interface news, Director Daniel T. Hendrix sold 12,500 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $23.78, for a total transaction of $297,250.00. Following the completion of the transaction, the director now owns 103,647 shares of the company's stock, valued at $2,464,725.66. This represents a 10.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is currently 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.

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