Interface, Inc. (NASDAQ:TILE) Holdings Decreased by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC trimmed its holdings in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,754,223 shares of the textile maker's stock after selling 118,255 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 4.72% of Interface worth $67,065,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its stake in Interface by 204.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock valued at $27,000 after acquiring an additional 750 shares in the last quarter. Huntington National Bank acquired a new stake in shares of Interface during the fourth quarter worth approximately $28,000. Smartleaf Asset Management LLC grew 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 valued at $30,000 after purchasing an additional 546 shares in the last quarter. Principal Securities Inc. increased its stake in Interface by 103.1% in the 4th 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 period. Finally, Virtus Fund Advisers LLC acquired a new position in Interface in the 4th quarter valued at approximately $48,000. 98.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TILE. Barrington Research reissued an "outperform" rating and set a $30.00 target price on shares of Interface in a research note on Friday, May 2nd. Wall Street Zen upgraded Interface from a "hold" rating to a "buy" rating in a report on Saturday, May 10th.

Interface Stock Down 2.2%

TILE opened at $19.79 on Friday. The company has a market capitalization of $1.16 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 0.96 and a beta of 1.95. 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 fifty-two week low of $14.13 and a fifty-two week high of $27.34. The business has a 50-day moving average of $19.45 and a 200-day moving average of $22.23.

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

Interface Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th 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, May 30th. Interface's payout ratio is presently 2.76%.

Insider Buying and Selling

In other news, Director Daniel T. Hendrix sold 7,500 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $19.95, for a total transaction of $149,625.00. Following the transaction, the director now owns 96,147 shares of the company's stock, valued at approximately $1,918,132.65. This represents a 7.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.30% of the stock is currently owned by corporate insiders.

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.

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