Interface, Inc. (NASDAQ:TILE) Stock Holdings Lessened by LSV Asset Management

LSV Asset Management cut its stake in Interface, Inc. (NASDAQ:TILE - Free Report) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 892,706 shares of the textile maker's stock after selling 10,500 shares during the quarter. LSV Asset Management owned about 1.53% of Interface worth $17,711,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TILE. Allspring Global Investments Holdings LLC grew its stake in shares of Interface by 56.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 14,649 shares of the textile maker's stock valued at $291,000 after acquiring an additional 5,299 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Interface by 277.1% during the first quarter. Envestnet Asset Management Inc. now owns 97,270 shares of the textile maker's stock valued at $1,930,000 after acquiring an additional 71,476 shares in the last quarter. North Star Investment Management Corp. grew its stake in shares of Interface by 9.9% during the first quarter. North Star Investment Management Corp. now owns 166,075 shares of the textile maker's stock valued at $3,295,000 after acquiring an additional 15,000 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Interface during the first quarter valued at about $304,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Interface during the fourth quarter valued at about $2,498,000. 98.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP James Poppens sold 19,474 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $20.14, for a total value of $392,206.36. Following the sale, the vice president directly owned 130,142 shares in the company, valued at $2,621,059.88. This trade represents a 13.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TILE shares. Wall Street Zen upgraded Interface from a "hold" rating to a "buy" rating in a research note on Saturday, May 10th. Barrington Research lifted their price target on Interface from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday.

Interface Stock Up 0.8%

NASDAQ:TILE traded up $0.21 during mid-day trading on Tuesday, reaching $25.46. The stock had a trading volume of 452,470 shares, compared to its average volume of 390,911. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 0.99 and a beta of 2.00. Interface, Inc. has a 1-year low of $15.93 and a 1-year high of $27.34. The stock's 50 day simple moving average is $20.99 and its two-hundred day simple moving average is $20.68. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.88 and a quick ratio of 1.59.

Interface (NASDAQ:TILE - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The textile maker reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.13. Interface had a return on equity of 18.97% and a net margin of 7.08%. The business had revenue of $375.52 million during the quarter, compared to the consensus estimate of $360.57 million. During the same period last year, the firm earned $0.40 earnings per share. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. Equities analysts anticipate that Interface, Inc. will post 1.37 EPS for the current year.

Interface Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, May 30th. Interface's dividend payout ratio (DPR) is currently 2.47%.

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.