LSV Asset Management Has $13.94 Million Position in Interface, Inc. (NASDAQ:TILE)

LSV Asset Management lessened its holdings in shares of Interface, Inc. (NASDAQ:TILE - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,104,667 shares of the textile maker's stock after selling 53,264 shares during the period. LSV Asset Management owned 1.90% of Interface worth $13,941,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TILE. Wellington Management Group LLP grew its position in Interface by 6.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,496,114 shares of the textile maker's stock worth $24,487,000 after purchasing an additional 140,521 shares during the last quarter. Pzena Investment Management LLC lifted its stake in shares of Interface by 65.2% in the 3rd quarter. Pzena Investment Management LLC now owns 3,614,372 shares of the textile maker's stock worth $35,457,000 after acquiring an additional 1,426,749 shares during the period. American Century Companies Inc. lifted its stake in shares of Interface by 29.4% in the 3rd quarter. American Century Companies Inc. now owns 610,702 shares of the textile maker's stock worth $5,991,000 after acquiring an additional 138,800 shares during the period. Federated Hermes Inc. acquired a new stake in shares of Interface in the 4th quarter worth approximately $1,187,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Interface in the 4th quarter worth approximately $401,000. Institutional investors own 98.34% of the company's stock.

Analysts Set New Price Targets

TILE has been the subject of a number of research analyst reports. Truist Financial upped their price target on shares of Interface from $10.00 to $14.00 and gave the stock a "hold" rating in a research note on Wednesday, February 28th. TheStreet raised shares of Interface from a "c" rating to a "b-" rating in a research note on Tuesday, February 27th. Finally, Barrington Research upped their price target on shares of Interface from $20.00 to $22.00 and gave the stock an "outperform" rating in a research note on Friday.

Interface Price Performance

TILE stock traded down $0.24 on Tuesday, hitting $16.19. 661,902 shares of the company's stock traded hands, compared to its average volume of 392,752. Interface, Inc. has a 1-year low of $6.51 and a 1-year high of $18.47. The stock has a market cap of $942.26 million, a price-to-earnings ratio of 16.03, a P/E/G ratio of 1.10 and a beta of 1.99. The stock has a fifty day moving average of $15.94 and a 200-day moving average of $13.06. The company has a current ratio of 2.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.89.

Interface (NASDAQ:TILE - Get Free Report) last issued its quarterly earnings results on Friday, May 3rd. The textile maker reported $0.24 EPS for the quarter, beating the consensus estimate of $0.12 by $0.12. The business had revenue of $289.70 million during the quarter, compared to the consensus estimate of $284.76 million. Interface had a net margin of 4.73% and a return on equity of 16.94%. The firm's quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.07 EPS. On average, analysts forecast that Interface, Inc. will post 1.05 EPS for the current fiscal year.

Interface Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a $0.01 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.25%. Interface's dividend payout ratio (DPR) is presently 3.96%.

Insider Activity at Interface

In related news, VP Stansfield Nigel sold 19,990 shares of the company's stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $16.24, for a total value of $324,637.60. Following the completion of the sale, the vice president now owns 181,855 shares in the company, valued at approximately $2,953,325.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by insiders.

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.