Vanguard Group Inc. Raises Stake in Interface, Inc. (NASDAQ:TILE)

Vanguard Group Inc. raised its position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,116,464 shares of the textile maker's stock after purchasing an additional 246,726 shares during the period. Vanguard Group Inc. owned about 10.49% of Interface worth $148,936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TILE. Venturi Wealth Management LLC increased its stake in shares of Interface by 204.4% during the fourth quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock valued at $27,000 after buying an additional 750 shares during the period. Smartleaf Asset Management LLC increased its position in Interface by 78.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock valued at $30,000 after purchasing an additional 546 shares during the period. Principal Securities Inc. raised its holdings in shares of Interface by 103.1% in the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock valued at $36,000 after purchasing an additional 741 shares in the last quarter. US Bancorp DE lifted its position in shares of Interface by 163.5% in the 4th quarter. US Bancorp DE now owns 2,398 shares of the textile maker's stock worth $58,000 after purchasing an additional 1,488 shares during the period. Finally, Quarry LP boosted its stake in shares of Interface by 499.5% during the third quarter. Quarry LP now owns 2,476 shares of the textile maker's stock valued at $47,000 after purchasing an additional 2,063 shares in the last quarter. 98.34% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. StockNews.com lowered Interface from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Barrington Research reissued an "outperform" rating and issued a $30.00 price target on shares of Interface in a research report on Tuesday, February 25th.

Interface Price Performance

Shares of Interface stock remained flat at $18.82 on Friday. 337,771 shares of the stock were exchanged, compared to its average volume of 516,892. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.10 billion, a PE ratio of 13.16, a P/E/G ratio of 0.96 and a beta of 1.93. The firm's 50-day moving average price is $20.21 and its 200 day moving average price is $22.15. Interface, Inc. has a 52-week low of $14.13 and a 52-week high of $27.34.

Interface (NASDAQ:TILE - Get Free Report) last released its quarterly earnings results 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. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business had revenue of $335.00 million for the quarter, compared to analyst estimates of $340.51 million. During the same period in the previous year, the company earned $0.41 earnings per share. The business's revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts forecast that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a 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%.

Insiders Place Their Bets

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of the firm'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 transaction, the director now owns 96,147 shares of the company's stock, valued at approximately $1,918,132.65. This trade represents a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.