Interface, Inc. (NASDAQ:TILE) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 139.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 308,884 shares of the textile maker's stock after buying an additional 179,620 shares during the period. JPMorgan Chase & Co. owned 0.53% of Interface worth $7,521,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its stake in shares of Interface by 25.9% during the 4th quarter. Prudential Financial Inc. now owns 676,030 shares of the textile maker's stock worth $16,461,000 after acquiring an additional 139,150 shares in the last quarter. Vanguard Group Inc. boosted its position in Interface by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker's stock worth $148,936,000 after purchasing an additional 246,726 shares in the last quarter. Fox Run Management L.L.C. grew its holdings in Interface by 44.8% in the fourth quarter. Fox Run Management L.L.C. now owns 41,223 shares of the textile maker's stock valued at $1,004,000 after purchasing an additional 12,755 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Interface in the fourth quarter valued at approximately $321,000. Finally, Hillsdale Investment Management Inc. raised its stake in shares of Interface by 0.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 216,313 shares of the textile maker's stock worth $5,267,000 after buying an additional 900 shares during the period. Institutional investors and hedge funds own 98.34% of the company's stock.

Interface Price Performance

Shares of NASDAQ TILE traded up $0.29 during midday trading on Tuesday, hitting $18.17. The stock had a trading volume of 312,019 shares, compared to its average volume of 518,814. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $19.58 and a 200-day simple moving average of $22.15. The company has a market capitalization of $1.06 billion, a PE ratio of 12.71, a P/E/G ratio of 0.96 and a beta of 1.93. Interface, Inc. has a 1 year low of $14.13 and a 1 year high of $27.34.

Interface (NASDAQ:TILE - Get Free Report) last released its earnings results on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. The business had revenue of $335.00 million during the quarter, compared to analyst estimates of $340.51 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 earnings per share. On average, sell-side analysts expect that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 28th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Friday, March 28th. Interface's dividend payout ratio (DPR) is 2.72%.

Analysts Set New Price Targets

A number of research firms recently issued reports on TILE. Barrington Research reissued an "outperform" rating and issued a $30.00 price target on shares of Interface in a research note on Tuesday, April 15th. StockNews.com downgraded shares of Interface from a "buy" rating to a "hold" rating in a research report on Friday.

Insider Transactions at Interface

In related news, Director Daniel T. Hendrix sold 7,500 shares of Interface stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $19.95, for a total transaction of $149,625.00. Following the transaction, the director now owns 96,147 shares in the company, valued at approximately $1,918,132.65. This trade represents a 7.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.60% of the company's stock.

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.