Interface, Inc. (NASDAQ:TILE) Shares Sold by Barclays PLC

Barclays PLC reduced its position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 240,321 shares of the textile maker's stock after selling 16,666 shares during the period. Barclays PLC owned about 0.41% of Interface worth $5,853,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI grew its stake in shares of Interface by 13.3% in the fourth quarter. National Bank of Canada FI now owns 3,850 shares of the textile maker's stock worth $94,000 after acquiring an additional 451 shares in the last quarter. Smartleaf Asset Management LLC increased its position in Interface by 78.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock worth $30,000 after buying an additional 546 shares during the period. GAMMA Investing LLC boosted its stake in Interface by 17.5% during the 4th quarter. GAMMA Investing LLC now owns 3,880 shares of the textile maker's stock worth $94,000 after purchasing an additional 578 shares during the period. Principal Securities Inc. grew its holdings in shares of Interface by 103.1% during the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock worth $36,000 after buying an additional 741 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Interface by 204.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock valued at $27,000 after purchasing an additional 750 shares during the period. 98.34% of the stock is owned by institutional investors and hedge funds.

Interface Price Performance

Interface stock traded up $0.17 during mid-day trading on Thursday, hitting $18.97. 74,948 shares of the company were exchanged, compared to its average volume of 514,479. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. Interface, Inc. has a 12-month low of $14.13 and a 12-month high of $27.34. The business's 50 day simple moving average is $19.12 and its two-hundred day simple moving average is $22.13. The company has a market capitalization of $1.11 billion, a P/E ratio of 13.29, a PEG ratio of 0.96 and a beta of 1.93.

Interface (NASDAQ:TILE - Get Free Report) last released its earnings results on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.05. The company had revenue of $335.00 million for the quarter, compared to analyst estimates of $340.51 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The firm's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. Analysts forecast that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Friday, March 28th. Interface's dividend payout ratio (DPR) is 2.72%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. StockNews.com raised shares of Interface from a "hold" rating to a "buy" rating in a report on Monday. Barrington Research reaffirmed an "outperform" rating and issued a $30.00 price target on shares of Interface in a report on Tuesday, April 15th.

Insider Activity at Interface

In other news, Director Daniel T. Hendrix sold 12,500 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $23.78, for a total transaction of $297,250.00. Following the completion of the transaction, the director now owns 103,647 shares of the company's stock, valued at $2,464,725.66. This represents a 10.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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.