Barrow Hanley Mewhinney & Strauss LLC Has $67.07 Million Stock Holdings in Interface, Inc. (NASDAQ:TILE)

Barrow Hanley Mewhinney & Strauss LLC reduced its stake in shares of Interface, Inc. (NASDAQ:TILE) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,754,223 shares of the textile maker’s stock after selling 118,255 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 4.72% of Interface worth $67,065,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TILE. Schroder Investment Management Group grew its stake in Interface by 3.3% during the fourth quarter. Schroder Investment Management Group now owns 403,030 shares of the textile maker’s stock worth $9,878,000 after buying an additional 12,922 shares in the last quarter. Pictet Asset Management Holding SA acquired a new stake in Interface in the fourth quarter valued at approximately $274,000. JPMorgan Chase & Co. grew its stake in shares of Interface by 139.0% during the fourth quarter. JPMorgan Chase & Co. now owns 308,884 shares of the textile maker’s stock worth $7,521,000 after buying an additional 179,620 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Interface by 25.9% during the fourth quarter. Prudential Financial Inc. now owns 676,030 shares of the textile maker’s stock worth $16,461,000 after buying an additional 139,150 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of 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 buying an additional 246,726 shares in the last quarter. Institutional investors own 98.34% of the company’s stock.

Analysts Set New Price Targets

TILE has been the topic of several recent research reports. StockNews.com downgraded Interface from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Barrington Research reissued an “outperform” rating and set a $30.00 price target on shares of Interface in a research note on Tuesday, February 25th.

Interface Trading Down 3.1 %

Shares of NASDAQ TILE opened at $19.75 on Friday. The firm has a 50 day moving average price of $21.51 and a two-hundred day moving average price of $22.14. The stock has a market cap of $1.15 billion, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 0.96 and a beta of 2.18. Interface, Inc. has a 52-week low of $14.13 and a 52-week high of $27.34. 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) last posted its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $335.00 million during the quarter, compared to the consensus estimate of $340.51 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. Interface’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. As a group, equities analysts forecast that Interface, Inc. will post 1.37 EPS for the current year.

Interface Announces Dividend

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

Insider Buying and Selling at Interface

In other Interface news, Director Daniel T. Hendrix sold 7,500 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $19.95, for a total transaction of $149,625.00. Following the sale, the director now owns 96,147 shares of the company’s stock, valued at approximately $1,918,132.65. This represents a 7.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 32,500 shares of company stock valued at $748,125. 2.60% of the stock is currently owned by company insiders.

Interface 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.