Interface, Inc. (NASDAQ:TILE) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Interface, Inc. (NASDAQ:TILE) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,116,464 shares of the textile maker’s stock after acquiring an additional 246,726 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Interface worth $148,936,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. HighTower Advisors LLC acquired a new stake in shares of Interface during the 3rd quarter valued at $1,138,000. Sanctuary Advisors LLC acquired a new stake in shares of Interface in the 3rd quarter valued at $1,661,000. Amundi boosted its stake in shares of Interface by 202.0% during the 4th quarter. Amundi now owns 34,408 shares of the textile maker’s stock worth $804,000 after acquiring an additional 23,013 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Interface by 13.3% in the third quarter. BNP Paribas Financial Markets now owns 29,555 shares of the textile maker’s stock valued at $561,000 after purchasing an additional 3,464 shares during the period. Finally, FMR LLC boosted its holdings in Interface by 138.8% during the third quarter. FMR LLC now owns 95,215 shares of the textile maker’s stock valued at $1,806,000 after acquiring an additional 55,345 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

Insider Buying and Selling

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of Interface stock in a transaction on 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 sale, the director now owns 96,147 shares of the company’s stock, valued at approximately $1,918,132.65. The trade was a 7.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by insiders.

Interface Stock Down 1.3 %

Shares of TILE opened at $18.13 on Tuesday. The business’s fifty day moving average price is $20.89 and its two-hundred day moving average price is $22.19. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 0.96 and a beta of 1.93. Interface, Inc. has a 52 week low of $14.13 and a 52 week high of $27.34. 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) last posted its quarterly earnings results 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 analysts’ expectations of $340.51 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 earnings per share. On average, analysts predict that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Announces Dividend

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

Wall Street Analyst Weigh In

TILE has been the subject of several research analyst reports. Barrington Research reiterated an “outperform” rating and set a $30.00 target price on shares of Interface in a research note on Tuesday, February 25th. StockNews.com lowered shares of Interface from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th.

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.