Interface, Inc. (NASDAQ:TILE) Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 210,617 shares of the textile maker's stock after acquiring an additional 28,000 shares during the quarter. First Eagle Investment Management LLC owned 0.36% of Interface worth $5,129,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Moran Wealth Management LLC purchased a new stake in Interface during the fourth quarter worth about $272,000. AlphaQuest LLC purchased a new stake in Interface during the fourth quarter worth about $103,000. Amundi boosted its holdings in Interface by 202.0% during the fourth quarter. Amundi now owns 34,408 shares of the textile maker's stock worth $804,000 after buying an additional 23,013 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Interface during the fourth quarter worth about $239,000. Finally, Raymond James Financial Inc. purchased a new stake in Interface during the fourth quarter worth about $2,498,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Interface Price Performance

Shares of NASDAQ TILE traded down $0.14 on Thursday, hitting $19.76. The company's stock had a trading volume of 351,290 shares, compared to its average volume of 487,562. Interface, Inc. has a 12-month low of $14.13 and a 12-month high of $27.34. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 0.96 and a beta of 2.18. 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 of $21.99 and a 200-day moving average of $22.05.

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

Interface Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Interface

In related news, Director Daniel T. Hendrix sold 12,500 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $23.78, for a total transaction of $297,250.00. Following the transaction, the director now owns 103,647 shares of the company's stock, valued at approximately $2,464,725.66. This represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 32,500 shares of company stock valued at $748,125 over the last quarter. Corporate insiders own 2.60% of the company's stock.

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.