ExodusPoint Capital Management LP Trims Stake in Interface, Inc. (NASDAQ:TILE)

ExodusPoint Capital Management LP reduced its position in Interface, Inc. (NASDAQ:TILE - Free Report) by 93.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,253 shares of the textile maker's stock after selling 114,719 shares during the quarter. ExodusPoint Capital Management LP's holdings in Interface were worth $201,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TILE. Vanguard Group Inc. grew its stake in Interface by 4.2% during 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. Barclays PLC increased its holdings in Interface by 688.5% in the 3rd quarter. Barclays PLC now owns 256,987 shares of the textile maker's stock worth $4,873,000 after buying an additional 224,395 shares during the period. American Century Companies Inc. boosted its holdings in shares of Interface by 12.3% in the 4th quarter. American Century Companies Inc. now owns 1,992,296 shares of the textile maker's stock valued at $48,512,000 after acquiring an additional 218,113 shares during the last quarter. Trexquant Investment LP increased its stake in shares of Interface by 385.0% in the fourth quarter. Trexquant Investment LP now owns 240,594 shares of the textile maker's stock worth $5,858,000 after acquiring an additional 190,982 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Interface by 139.0% during the fourth quarter. JPMorgan Chase & Co. now owns 308,884 shares of the textile maker's stock worth $7,521,000 after purchasing an additional 179,620 shares during the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

Interface Price Performance

Shares of NASDAQ:TILE traded down $0.08 during midday trading on Friday, reaching $18.58. 841,353 shares of the company's stock traded hands, compared to its average volume of 518,936. The company has a fifty day simple moving average of $19.77 and a two-hundred day simple moving average of $22.15. Interface, Inc. has a 1 year low of $14.13 and a 1 year high of $27.34. The company has a market cap of $1.08 billion, a P/E ratio of 12.99, a PEG ratio of 0.96 and a beta of 1.93. 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 posted its quarterly earnings data 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. The business had revenue of $335.00 million for the quarter, compared to the consensus estimate of $340.51 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The company's revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. Equities analysts predict that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Friday, March 28th. Interface's dividend payout ratio is presently 2.72%.

Insider Buying and Selling

In related news, Director Daniel T. Hendrix sold 7,500 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $19.95, for a total transaction of $149,625.00. Following the transaction, the director now directly owns 96,147 shares in the company, valued at approximately $1,918,132.65. The trade was a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TILE. Barrington Research reaffirmed an "outperform" rating and set a $30.00 price target on shares of Interface in a research report on Tuesday. StockNews.com lowered Interface from a "buy" rating to a "hold" rating in a report on Friday.

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.