Interface, Inc. (NASDAQ:TILE) Shares Sold by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC trimmed its stake in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 27.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,608,749 shares of the textile maker's stock after selling 594,726 shares during the period. Frontier Capital Management Co. LLC owned 2.76% of Interface worth $39,173,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Interface by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker's stock valued at $148,936,000 after purchasing an additional 246,726 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Interface by 12.3% in the fourth quarter. American Century Companies Inc. now owns 1,992,296 shares of the textile maker's stock worth $48,512,000 after buying an additional 218,113 shares in the last quarter. Hood River Capital Management LLC purchased a new position in shares of Interface in the fourth quarter worth about $28,897,000. Prudential Financial Inc. lifted its stake in shares of Interface by 25.9% in the fourth quarter. Prudential Financial Inc. now owns 676,030 shares of the textile maker's stock worth $16,461,000 after buying an additional 139,150 shares in the last quarter. Finally, Northern Trust Corp lifted its stake 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 worth $16,206,000 after buying an additional 69,417 shares in the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of Interface stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $19.95, for a total transaction of $149,625.00. Following the completion of the sale, the director now directly owns 96,147 shares in the company, valued at $1,918,132.65. This trade represents a 7.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on TILE. StockNews.com raised shares of Interface from a "hold" rating to a "buy" rating in a research note on Saturday. Barrington Research reissued an "outperform" rating and issued a $30.00 price target on shares of Interface in a research note on Friday, May 2nd.

Interface Trading Up 0.2%

TILE stock traded up $0.05 during trading on Tuesday, reaching $20.98. 157,774 shares of the stock were exchanged, compared to its average volume of 508,289. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66. The business has a 50 day moving average price of $19.16 and a 200-day moving average price of $22.22. Interface, Inc. has a 1 year low of $14.13 and a 1 year high of $27.34. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 14.67, a P/E/G ratio of 0.96 and a beta of 1.95.

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

Interface Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.19%. The ex-dividend date of this dividend was Friday, March 28th. Interface's dividend payout ratio (DPR) is presently 2.76%.

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.