Russell Investments Group Ltd. Sells 20,914 Shares of Interface, Inc. (NASDAQ:TILE)

Russell Investments Group Ltd. cut its position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 39.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,714 shares of the textile maker's stock after selling 20,914 shares during the quarter. Russell Investments Group Ltd. owned 0.06% of Interface worth $797,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its holdings in Interface by 204.4% during 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 in the last quarter. Huntington National Bank acquired a new stake in Interface during the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC boosted its holdings 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. boosted its holdings in Interface by 103.1% during the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock valued at $36,000 after purchasing an additional 741 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Interface by 163.5% during the fourth quarter. US Bancorp DE now owns 2,398 shares of the textile maker's stock valued at $58,000 after purchasing an additional 1,488 shares in the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

Interface Price Performance

Shares of NASDAQ:TILE traded down $0.05 during trading on Monday, reaching $18.70. The stock had a trading volume of 318,999 shares, compared to its average volume of 516,518. Interface, Inc. has a 52 week low of $14.13 and a 52 week high of $27.34. The business's 50-day moving average price is $19.23 and its 200 day moving average price is $22.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. The stock has a market capitalization of $1.09 billion, a PE ratio of 13.08, a P/E/G ratio of 0.96 and a beta of 1.93.

Interface (NASDAQ:TILE - Get Free Report) last posted its earnings results on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.05. Interface had a net margin of 6.49% and a return on equity of 19.91%. The company had revenue of $335.00 million during the quarter, compared to analysts' expectations of $340.51 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. Interface's quarterly revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts predict that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 28th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.21%. The ex-dividend date was Friday, March 28th. Interface's dividend payout ratio (DPR) is presently 2.72%.

Insider Buying and Selling

In related news, Director Daniel T. Hendrix sold 7,500 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $19.95, for a total value of $149,625.00. Following the completion of the transaction, the director now owns 96,147 shares in the company, valued at $1,918,132.65. The trade was a 7.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com raised Interface from a "hold" rating to a "buy" rating in a report on Monday. Barrington Research reiterated an "outperform" rating and issued a $30.00 target price on shares of Interface in a research note on Tuesday, April 15th.

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.