Interface, Inc. (NASDAQ:TILE) Shares Sold by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC decreased its holdings in Interface, Inc. (NASDAQ:TILE) by 27.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,608,749 shares of the textile maker’s stock after selling 594,726 shares during the quarter. Frontier Capital Management Co. LLC’s holdings in Interface were worth $39,173,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Barclays PLC lifted its holdings in Interface by 688.5% during 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 last quarter. Franklin Resources Inc. increased its position in Interface by 3.7% in the third quarter. Franklin Resources Inc. now owns 89,576 shares of the textile maker’s stock worth $1,735,000 after buying an additional 3,202 shares during the period. JPMorgan Chase & Co. boosted its stake in Interface by 22.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 129,264 shares of the textile maker’s stock valued at $2,452,000 after purchasing an additional 23,447 shares during the period. GAMMA Investing LLC boosted its position in shares of Interface by 17.5% during the fourth quarter. GAMMA Investing LLC now owns 3,880 shares of the textile maker’s stock worth $94,000 after buying an additional 578 shares during the period. Finally, Diversified Trust Co raised its stake in Interface by 26.2% during the 4th quarter. Diversified Trust Co now owns 13,223 shares of the textile maker’s stock valued at $322,000 after acquiring an additional 2,742 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Barrington Research reaffirmed an “outperform” rating and set a $30.00 target price on shares of Interface in a report on Friday, May 2nd. StockNews.com upgraded shares of Interface from a “hold” rating to a “buy” rating in a report on Monday, April 28th.

Interface Stock Performance

Shares of NASDAQ TILE opened at $19.86 on Thursday. 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, Inc. has a 52-week low of $14.13 and a 52-week high of $27.34. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 0.96 and a beta of 1.95. The stock’s fifty day simple moving average is $19.05 and its 200 day simple moving average is $22.12.

Interface (NASDAQ:TILE) last posted its quarterly earnings data on Friday, May 2nd. The textile maker reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. Interface had a net margin of 6.49% and a return on equity of 19.91%. The company had revenue of $297.41 million during the quarter, compared to analyst estimates of $297.11 million. During the same period in the prior year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts forecast that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Friday, March 28th. Interface’s payout ratio is 2.76%.

Insider Buying and Selling at Interface

In other news, Director Daniel T. Hendrix sold 7,500 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $19.95, for a total value of $149,625.00. Following the completion of the sale, the director now directly owns 96,147 shares of the company’s stock, valued at $1,918,132.65. This represents a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.30% 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.