Interface, Inc. (NASDAQ:TILE) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. raised its holdings in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,333 shares of the textile maker's stock after buying an additional 44,757 shares during the period. Franklin Resources Inc. owned about 0.23% of Interface worth $3,271,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC acquired a new position in shares of Interface during the 4th quarter valued at $324,000. Schroder Investment Management Group lifted its stake in shares of Interface by 3.3% during the fourth quarter. Schroder Investment Management Group now owns 403,030 shares of the textile maker's stock worth $9,878,000 after purchasing an additional 12,922 shares in the last quarter. Pictet Asset Management Holding SA purchased a new stake in shares of Interface in the fourth quarter worth about $274,000. JPMorgan Chase & Co. boosted its position in shares of Interface by 139.0% in the fourth quarter. JPMorgan Chase & Co. now owns 308,884 shares of the textile maker's stock worth $7,521,000 after buying an additional 179,620 shares during the period. Finally, Prudential Financial Inc. grew its stake in shares of Interface by 25.9% in the fourth quarter. Prudential Financial Inc. now owns 676,030 shares of the textile maker's stock valued at $16,461,000 after buying an additional 139,150 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

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Interface Stock Up 0.9 %

NASDAQ:TILE traded up $0.17 on Tuesday, reaching $18.96. The stock had a trading volume of 419,492 shares, compared to its average volume of 516,218. The company has a 50-day moving average of $20.11 and a 200 day moving average of $22.17. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.11 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 0.96 and a beta of 1.93. Interface, Inc. has a 12-month low of $14.13 and a 12-month high of $27.34.

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. Interface had a return on equity of 19.91% and a net margin of 6.49%. The firm had revenue of $335.00 million during the quarter, compared to analyst estimates of $340.51 million. During the same quarter last year, the firm earned $0.41 EPS. Interface's quarterly revenue was up 3.0% on a year-over-year basis. On average, research analysts predict that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barrington Research reissued an "outperform" rating and set a $30.00 price target on shares of Interface in a research report on Tuesday. StockNews.com cut shares of Interface from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th.

Insider Buying and Selling at Interface

In other news, Director Daniel T. Hendrix sold 7,500 shares of the company's 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 sale, the director now owns 96,147 shares in the company, valued at approximately $1,918,132.65. This represents a 7.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by insiders.

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.