UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.47 Million Position in Interface, Inc. (NASDAQ:TILE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 32.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,370 shares of the textile maker's stock after buying an additional 35,001 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.24% of Interface worth $3,467,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TILE. Vanguard Group Inc. boosted its stake in shares of Interface by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker's stock worth $148,936,000 after acquiring an additional 246,726 shares during the period. American Century Companies Inc. lifted its holdings in Interface by 12.3% during the 4th quarter. American Century Companies Inc. now owns 1,992,296 shares of the textile maker's stock valued at $48,512,000 after purchasing an additional 218,113 shares during the last quarter. Hood River Capital Management LLC bought a new position in Interface during the fourth quarter worth $28,897,000. Prudential Financial Inc. boosted its position in Interface by 25.9% during the fourth quarter. Prudential Financial Inc. now owns 676,030 shares of the textile maker's stock worth $16,461,000 after purchasing an additional 139,150 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Interface by 11.6% in the fourth quarter. Northern Trust Corp now owns 665,537 shares of the textile maker's stock valued at $16,206,000 after purchasing an additional 69,417 shares during the last quarter. Institutional investors own 98.34% of the company's stock.

Insider Buying and Selling

In other Interface news, VP James Poppens sold 19,474 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $20.14, for a total value of $392,206.36. Following the completion of the sale, the vice president now owns 130,142 shares of the company's stock, valued at $2,621,059.88. The trade was a 13.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.30% of the stock is owned by insiders.

Interface Stock Performance

Shares of NASDAQ TILE traded up $0.06 during trading hours on Friday, reaching $20.14. 273,841 shares of the stock were exchanged, compared to its average volume of 503,450. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 0.96 and a beta of 1.98. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. Interface, Inc. has a 52 week low of $14.13 and a 52 week high of $27.34. The stock's fifty day simple moving average is $19.48 and its 200 day simple moving average is $21.80.

Interface (NASDAQ:TILE - Get Free Report) last released its quarterly 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. The business had revenue of $297.41 million during the quarter, compared to the consensus estimate of $297.11 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. Sell-side analysts predict that Interface, Inc. will post 1.37 EPS for the current year.

Interface Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, May 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.20%. Interface's dividend payout ratio (DPR) is presently 2.76%.

Analysts Set New Price Targets

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

About Interface

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.