Daniel T. Hendrix Sells 15,000 Shares of Interface, Inc. (NASDAQ:TILE) Stock

Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix sold 15,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $16.56, for a total transaction of $248,400.00. Following the completion of the sale, the director now directly owns 231,147 shares of the company’s stock, valued at $3,827,794.32. The transaction was disclosed in a filing with the SEC, which is available at this link.

Interface Price Performance

TILE traded up $0.07 during trading on Thursday, reaching $16.70. 9,572 shares of the company traded hands, compared to its average volume of 407,084. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.30 and a current ratio of 2.72. Interface, Inc. has a 12-month low of $8.26 and a 12-month high of $18.47. The firm has a fifty day simple moving average of $15.24 and a 200 day simple moving average of $14.73. The company has a market cap of $972.61 million, a P/E ratio of 16.47, a PEG ratio of 0.94 and a beta of 2.00.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Friday, May 3rd. The textile maker reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.12. Interface had a net margin of 4.73% and a return on equity of 16.94%. The business had revenue of $289.70 million during the quarter, compared to analyst estimates of $284.76 million. During the same period last year, the firm posted $0.07 EPS. The company’s revenue was down 2.1% on a year-over-year basis. On average, equities analysts forecast that Interface, Inc. will post 1.18 EPS for the current year.

Interface Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Friday, May 31st. Interface’s dividend payout ratio (DPR) is currently 3.96%.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and issued a $22.00 target price on shares of Interface in a report on Monday, June 17th.

Institutional Investors Weigh In On Interface

A number of institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new position in shares of Interface during the 1st quarter valued at approximately $57,000. GAMMA Investing LLC boosted its position in shares of Interface by 131.1% during the 1st quarter. GAMMA Investing LLC now owns 3,943 shares of the textile maker’s stock valued at $66,000 after acquiring an additional 2,237 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Interface during the 1st quarter valued at approximately $110,000. Diversified Trust Co bought a new position in shares of Interface during the 2nd quarter valued at approximately $154,000. Finally, ProShare Advisors LLC boosted its position in shares of Interface by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 11,576 shares of the textile maker’s stock valued at $195,000 after acquiring an additional 794 shares during the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

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.