Oberweis Asset Management Inc. Boosts Stake in Interface, Inc. (NASDAQ:TILE)

Oberweis Asset Management Inc. grew its stake in Interface, Inc. (NASDAQ:TILE - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 480,100 shares of the textile maker's stock after purchasing an additional 70,200 shares during the period. Oberweis Asset Management Inc. owned about 0.82% of Interface worth $11,690,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Interface by 4.2% in the 4th quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker's stock valued at $148,936,000 after purchasing an additional 246,726 shares during the last quarter. American Century Companies Inc. boosted its position in Interface by 12.3% during the fourth quarter. American Century Companies Inc. now owns 1,992,296 shares of the textile maker's stock worth $48,512,000 after acquiring an additional 218,113 shares during the last quarter. Geode Capital Management LLC grew its stake in Interface by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,371,976 shares of the textile maker's stock valued at $26,031,000 after acquiring an additional 11,931 shares in the last quarter. Hood River Capital Management LLC acquired a new stake in Interface in the 4th quarter valued at about $28,897,000. Finally, Prudential Financial Inc. lifted its stake in Interface by 25.9% in the 4th quarter. Prudential Financial Inc. now owns 676,030 shares of the textile maker's stock worth $16,461,000 after purchasing an additional 139,150 shares in the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

Interface Trading Up 1.4 %

Shares of NASDAQ:TILE traded up $0.26 during midday trading on Tuesday, reaching $18.96. 74,301 shares of the company's stock were exchanged, compared to its average volume of 514,787. The firm's 50 day simple moving average is $19.23 and its two-hundred day simple moving average is $22.18. Interface, Inc. has a fifty-two week low of $14.13 and a fifty-two week high of $27.34. 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 market cap of $1.11 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 0.96 and a beta of 1.93.

Interface (NASDAQ:TILE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 earnings per share for the quarter, topping 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 business had revenue of $335.00 million for the quarter, compared to analyst estimates of $340.51 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. The company's revenue was up 3.0% on a year-over-year basis. As a group, sell-side analysts forecast that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Announces Dividend

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

Wall Street Analysts Forecast Growth

TILE has been the subject of a number of recent research reports. Barrington Research reaffirmed an "outperform" rating and issued a $30.00 target price on shares of Interface in a research note on Tuesday, April 15th. StockNews.com upgraded shares of Interface from a "hold" rating to a "buy" rating in a research report on Monday.

Insider Buying and Selling

In related news, Director Daniel T. Hendrix sold 7,500 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $19.95, for a total value of $149,625.00. Following the completion of the sale, the director now directly owns 96,147 shares of the company's stock, valued at $1,918,132.65. The trade was a 7.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is owned by company 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.