LSV Asset Management Has $21.99 Million Position in Interface, Inc. (NASDAQ:TILE)

LSV Asset Management trimmed its holdings in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 903,206 shares of the textile maker's stock after selling 81,561 shares during the period. LSV Asset Management owned about 1.55% of Interface worth $21,993,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Interface by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker's stock worth $148,936,000 after acquiring an additional 246,726 shares in the last quarter. State Street Corp increased its position in shares of Interface by 0.6% in the third quarter. State Street Corp now owns 2,232,327 shares of the textile maker's stock worth $42,347,000 after acquiring an additional 13,686 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Interface by 12.3% during the fourth 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 period. Geode Capital Management LLC lifted its position in shares of Interface by 0.9% in 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. Finally, Prudential Financial Inc. boosted 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 during the period. Institutional investors and hedge funds own 98.34% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Interface Stock Up 0.9 %

Shares of TILE traded up $0.17 during midday trading on Tuesday, reaching $18.96. 419,492 shares of the stock were exchanged, compared to its average volume of 517,276. The company 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. The firm has a 50 day simple moving average of $20.11 and a 200-day simple moving average of $22.17. Interface, Inc. has a 12-month low of $14.13 and a 12-month high of $27.34. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66.

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

Interface Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend was Friday, March 28th. Interface's dividend payout ratio is presently 2.72%.

Insider Buying and Selling at Interface

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of the firm'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 completion of the transaction, the director now owns 96,147 shares in the company, valued at $1,918,132.65. This trade represents a 7.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.60% of the company's stock.

Interface Company 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.