Schroder Investment Management Group Has $9.88 Million Holdings in Interface, Inc. (NASDAQ:TILE)

Schroder Investment Management Group increased its position in Interface, Inc. (NASDAQ:TILE) by 3.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 403,030 shares of the textile maker’s stock after purchasing an additional 12,922 shares during the period. Schroder Investment Management Group owned about 0.69% of Interface worth $9,878,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Interface by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker’s stock worth $148,936,000 after buying an additional 246,726 shares during the period. Barclays PLC lifted its stake in Interface by 688.5% in the 3rd quarter. Barclays PLC now owns 256,987 shares of the textile maker’s stock worth $4,873,000 after acquiring an additional 224,395 shares in the last quarter. Weiss Asset Management LP acquired a new stake in Interface during the 3rd quarter worth about $4,206,000. American Century Companies Inc. grew its stake in Interface by 12.3% during the 4th quarter. American Century Companies Inc. now owns 1,992,296 shares of the textile maker’s stock valued at $48,512,000 after acquiring an additional 218,113 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Interface by 139.0% in the 4th quarter. JPMorgan Chase & Co. now owns 308,884 shares of the textile maker’s stock valued at $7,521,000 after purchasing an additional 179,620 shares during the period. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 stock was sold at an average price of $19.95, for a total value of $149,625.00. Following the completion of the sale, the director now directly owns 96,147 shares in the company, valued at approximately $1,918,132.65. The trade was a 7.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.60% of the company’s stock.

Interface Stock Down 2.6 %

Shares of Interface stock opened at $18.37 on Friday. The stock has a 50-day simple moving average of $21.01 and a 200-day simple moving average of $22.15. Interface, Inc. has a 52-week low of $14.13 and a 52-week high of $27.34. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of 0.96 and a beta of 2.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38.

Interface (NASDAQ:TILE) last posted its earnings results on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The company had revenue of $335.00 million during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $0.41 earnings per share. On average, equities research analysts expect that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.01 per share. The ex-dividend date is Friday, March 28th. This represents a $0.04 annualized dividend and a yield of 0.22%. Interface’s dividend payout ratio (DPR) is currently 2.72%.

Analyst Ratings Changes

A number of research analysts recently commented on TILE shares. StockNews.com downgraded shares of Interface from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Barrington Research reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Interface in a research note on Tuesday, February 25th.

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.