Interface, Inc. (NASDAQ:TILE) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in Interface, Inc. (NASDAQ:TILE - Free Report) by 43.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 45,173 shares of the textile maker's stock after selling 35,255 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Interface worth $1,100,000 at the end of the most recent quarter.

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

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Insider Buying and Selling

In other news, Director Daniel T. Hendrix sold 12,500 shares of the business's 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 completion of the transaction, the director now directly owns 103,647 shares of the company's stock, valued at $2,464,725.66. The trade was a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TILE. StockNews.com lowered Interface from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. 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.

Interface Stock Performance

NASDAQ:TILE traded down $0.50 during mid-day trading on Friday, reaching $18.37. The stock had a trading volume of 742,299 shares, compared to its average volume of 516,275. Interface, Inc. has a twelve month low of $14.13 and a twelve month high of $27.34. The business has a 50 day simple moving average of $21.01 and a 200 day simple moving average of $22.17. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 12.85, a PEG 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 (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, topping the consensus estimate of $0.29 by $0.05. Interface had a return on equity of 19.91% and a net margin of 6.49%. The firm had revenue of $335.00 million during the quarter, compared to analysts' expectations of $340.51 million. During the same quarter in the prior year, the business posted $0.41 earnings per share. Interface's revenue was up 3.0% compared to the same quarter last year. On average, analysts expect that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend is Friday, March 28th. Interface's dividend payout ratio (DPR) is presently 2.72%.

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.