Amundi Boosts Stock Position in Interface, Inc. (NASDAQ:TILE)

Amundi lifted its holdings in Interface, Inc. (NASDAQ:TILE) by 202.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,408 shares of the textile maker’s stock after buying an additional 23,013 shares during the period. Amundi owned about 0.06% of Interface worth $804,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC purchased a new position in Interface during the third quarter worth $1,138,000. Sanctuary Advisors LLC bought a new stake in shares of Interface in the 3rd quarter worth about $1,661,000. BNP Paribas Financial Markets boosted its stake in shares of Interface by 13.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 29,555 shares of the textile maker’s stock worth $561,000 after purchasing an additional 3,464 shares during the period. FMR LLC boosted its stake in shares of Interface by 138.8% during the 3rd quarter. FMR LLC now owns 95,215 shares of the textile maker’s stock worth $1,806,000 after purchasing an additional 55,345 shares during the period. Finally, Jennison Associates LLC raised its position in Interface by 103.2% in the 4th quarter. Jennison Associates LLC now owns 65,494 shares of the textile maker’s stock worth $1,595,000 after purchasing an additional 33,264 shares during the period. Institutional investors own 98.34% of the company’s stock.

Interface Trading Up 3.3 %

Shares of TILE opened at $19.90 on Thursday. Interface, Inc. has a 52-week low of $14.13 and a 52-week high of $27.34. The stock has a market cap of $1.16 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 0.96 and a beta of 2.18. The firm’s fifty day moving average is $21.99 and its two-hundred day moving average is $22.05. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 prior year, the company earned $0.41 EPS. Interface’s revenue was up 3.0% compared to the same quarter last year. Research analysts forecast that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 28th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.04 dividend on an annualized basis and a yield of 0.20%. Interface’s payout ratio is 2.72%.

Insiders Place Their Bets

In other Interface news, Director Daniel T. Hendrix sold 12,500 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $23.78, for a total value of $297,250.00. Following the completion of the sale, the director now directly owns 103,647 shares of the company’s stock, valued at $2,464,725.66. This trade represents a 10.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 32,500 shares of company stock valued at $748,125. Insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on TILE shares. StockNews.com lowered Interface from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Barrington Research reaffirmed an “outperform” rating and issued a $30.00 price objective on shares of Interface in a research report on Tuesday, February 25th.

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.