Interface, Inc. (NASDAQ:TILE) Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. boosted its holdings in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 25.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 676,030 shares of the textile maker's stock after acquiring an additional 139,150 shares during the period. Prudential Financial Inc. owned 1.16% of Interface worth $16,461,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Interface by 4.2% in the fourth 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 in the last quarter. Fox Run Management L.L.C. grew its holdings in Interface by 44.8% in the 4th quarter. Fox Run Management L.L.C. now owns 41,223 shares of the textile maker's stock valued at $1,004,000 after buying an additional 12,755 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Interface in the 4th quarter worth $321,000. Hillsdale Investment Management Inc. raised its holdings in shares of Interface by 0.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 216,313 shares of the textile maker's stock worth $5,267,000 after acquiring an additional 900 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Interface by 12.3% during 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. Hedge funds and other institutional investors own 98.34% of the company's stock.

Interface Trading Up 0.2 %

Shares of Interface stock traded up $0.03 during trading hours on Tuesday, hitting $19.87. The company's stock had a trading volume of 420,759 shares, compared to its average volume of 515,673. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 0.96 and a beta of 2.18. 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, Inc. has a twelve month low of $14.13 and a twelve month high of $27.34. The firm has a fifty day moving average of $21.33 and a 200-day moving average of $22.19.

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 net margin of 6.49% and a return on equity of 19.91%. The firm had revenue of $335.00 million during the quarter, compared to analysts' expectations of $340.51 million. During the same quarter last year, the company posted $0.41 EPS. The firm's quarterly revenue was up 3.0% on a year-over-year basis. Research analysts forecast that Interface, Inc. will post 1.37 EPS for the current year.

Interface Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid 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 payout ratio is 2.72%.

Insider Activity at Interface

In other news, Director Daniel T. Hendrix sold 12,500 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $23.78, for a total value of $297,250.00. Following the sale, the director now directly owns 103,647 shares in the company, valued at approximately $2,464,725.66. This trade represents a 10.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 32,500 shares of company stock worth $748,125. Corporate insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TILE. Barrington Research restated an "outperform" rating and set a $30.00 price objective on shares of Interface in a research report on Tuesday, February 25th. StockNews.com cut shares of Interface from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th.

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.