Interface, Inc. (NASDAQ:TILE) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its position in Interface, Inc. (NASDAQ:TILE - Free Report) by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 832,930 shares of the textile maker's stock after selling 88,335 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.43% of Interface worth $20,282,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TILE. Foundry Partners LLC purchased a new stake in shares of Interface in the 3rd quarter valued at $4,308,000. Barclays PLC increased its holdings in Interface by 688.5% during the 3rd quarter. Barclays PLC now owns 256,987 shares of the textile maker's stock worth $4,873,000 after purchasing an additional 224,395 shares during the period. Weiss Asset Management LP purchased a new stake in Interface during the 3rd quarter worth about $4,206,000. Jane Street Group LLC increased its holdings in Interface by 176.7% during the 3rd 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 purchased a new stake in Interface during the 3rd quarter worth about $1,661,000. Hedge funds and other institutional investors own 98.34% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. 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 report on Tuesday, March 4th.

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Interface Stock Down 0.1 %

Shares of NASDAQ:TILE traded down $0.02 on Friday, hitting $19.74. 2,042,412 shares of the company's stock were exchanged, compared to its average volume of 489,191. The firm's 50-day moving average is $21.86 and its 200 day moving average is $22.06. The company has a market capitalization of $1.15 billion, a PE ratio of 13.80, a P/E/G ratio of 0.96 and a beta of 2.18. Interface, Inc. has a 1-year low of $14.13 and a 1-year high of $27.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57.

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

Interface Announces Dividend

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 dividend of $0.01 per share. 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 currently 2.72%.

Insider Transactions at Interface

In related news, Director Daniel T. Hendrix sold 12,500 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $23.78, for a total value of $297,250.00. Following the completion of the sale, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 32,500 shares of company stock valued at $748,125. 2.60% of the stock is currently owned by corporate insiders.

Interface Company 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.