Lazard Asset Management LLC Has $2.33 Million Stock Position in Interface, Inc. (NASDAQ:TILE)

Lazard Asset Management LLC increased its position in Interface, Inc. (NASDAQ:TILE - Free Report) by 38.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,821 shares of the textile maker's stock after buying an additional 26,685 shares during the quarter. Lazard Asset Management LLC owned 0.16% of Interface worth $2,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in TILE. National Bank of Canada FI increased its position in Interface by 13.3% in the 4th quarter. National Bank of Canada FI now owns 3,850 shares of the textile maker's stock valued at $94,000 after acquiring an additional 451 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Interface by 78.4% in the fourth 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. grew its stake 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 worth $36,000 after purchasing an additional 741 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in 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. Finally, Bank of Montreal Can raised its position in Interface by 4.2% during the 4th quarter. Bank of Montreal Can now owns 21,870 shares of the textile maker's stock worth $533,000 after purchasing an additional 891 shares during the last quarter. Institutional investors own 98.34% of the company's stock.

Analyst Ratings Changes

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

Interface Trading Down 0.9%

Shares of NASDAQ:TILE traded down $0.17 during trading on Friday, reaching $19.62. The stock had a trading volume of 55,517 shares, compared to its average volume of 502,107. 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. The firm's fifty day moving average is $19.45 and its 200 day moving average is $22.23. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 0.96 and a beta of 1.95.

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

Interface Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.20%. Interface's payout ratio is 2.76%.

Insider Buying and Selling

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $19.95, for a total value of $149,625.00. Following the transaction, the director now directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by 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.