Interface, Inc. (NASDAQ:TILE) VP Sells $324,637.60 in Stock

Interface, Inc. (NASDAQ:TILE) VP Stansfield Nigel sold 19,990 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $16.24, for a total value of $324,637.60. Following the sale, the vice president now directly owns 181,855 shares of the company’s stock, valued at approximately $2,953,325.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Interface Stock Performance

Shares of Interface stock opened at $15.91 on Friday. The company has a market capitalization of $925.98 million, a PE ratio of 15.75, a price-to-earnings-growth ratio of 1.10 and a beta of 1.99. Interface, Inc. has a 52 week low of $6.51 and a 52 week high of $18.47. The company has a quick ratio of 1.30, a current ratio of 2.72 and a debt-to-equity ratio of 0.89. The stock’s fifty day moving average is $15.95 and its two-hundred day moving average is $13.10.

Interface (NASDAQ:TILE) last released its quarterly earnings data on Friday, May 3rd. The textile maker reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.12. The firm had revenue of $289.70 million during the quarter, compared to the consensus estimate of $284.76 million. Interface had a return on equity of 16.94% and a net margin of 4.73%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. As a group, analysts expect that Interface, Inc. will post 1.05 earnings per share for the current year.

Interface Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.25%. The ex-dividend date was Wednesday, March 27th. Interface’s dividend payout ratio is currently 3.96%.

Hedge Funds Weigh In On Interface

Several institutional investors and hedge funds have recently modified their holdings of TILE. Pzena Investment Management LLC raised its position in Interface by 65.2% during the third quarter. Pzena Investment Management LLC now owns 3,614,372 shares of the textile maker’s stock valued at $35,457,000 after acquiring an additional 1,426,749 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Interface by 112.4% during the 4th quarter. Pacer Advisors Inc. now owns 2,432,561 shares of the textile maker’s stock valued at $30,699,000 after purchasing an additional 1,287,420 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Interface by 7.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,275,194 shares of the textile maker’s stock valued at $28,714,000 after purchasing an additional 165,536 shares during the period. Access Investment Management LLC purchased a new stake in Interface during the fourth quarter worth $2,024,000. Finally, Wellington Management Group LLP grew its position in Interface by 6.0% during the third quarter. Wellington Management Group LLP now owns 2,496,114 shares of the textile maker’s stock valued at $24,487,000 after buying an additional 140,521 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TILE. Truist Financial boosted their price objective on Interface from $10.00 to $14.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th. 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 report on Friday, May 3rd. Finally, TheStreet upgraded shares of Interface from a “c” rating to a “b-” rating in a research report on Tuesday, February 27th.

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.