LSV Asset Management Sells 81,561 Shares of Interface, Inc. (NASDAQ:TILE)

LSV Asset Management cut its holdings in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 903,206 shares of the textile maker's stock after selling 81,561 shares during the quarter. LSV Asset Management owned approximately 1.55% of Interface worth $21,993,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its position in shares of Interface by 204.4% during the fourth quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock worth $27,000 after acquiring an additional 750 shares during the last quarter. Huntington National Bank bought a new position in shares of Interface during the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC grew its position in shares of 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. increased its holdings in shares of Interface by 103.1% in the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock worth $36,000 after purchasing an additional 741 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Interface by 163.5% in the fourth quarter. US Bancorp DE now owns 2,398 shares of the textile maker's stock worth $58,000 after buying an additional 1,488 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.

Interface Trading Down 0.1 %

TILE stock traded down $0.01 during midday trading on Thursday, reaching $18.65. 542,319 shares of the company traded hands, compared to its average volume of 518,403. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.04, a P/E/G ratio of 0.96 and a beta of 1.93. Interface, Inc. has a 52-week low of $14.13 and a 52-week high of $27.34. The business has a 50 day moving average of $19.93 and a 200-day moving average of $22.13. 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 (NASDAQ:TILE - Get Free Report) last issued its quarterly 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. Interface had a return on equity of 19.91% and a net margin of 6.49%. The company had revenue of $335.00 million during the quarter, compared to the consensus estimate of $340.51 million. During the same period last year, the company earned $0.41 earnings per share. Interface's revenue was up 3.0% on a year-over-year basis. As a group, sell-side analysts expect that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, March 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.21%. Interface's dividend payout ratio is 2.72%.

Insider Transactions at Interface

In related 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 owns 96,147 shares in the company, valued at $1,918,132.65. This trade represents a 7.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

TILE has been the topic of a number of research reports. Barrington Research reaffirmed an "outperform" rating and issued a $30.00 price objective on shares of Interface in a research note on Tuesday. StockNews.com downgraded shares of Interface from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th.

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.