Interface, Inc. (NASDAQ:TILE) VP Sells $287,700.00 in Stock

Interface, Inc. (NASDAQ:TILE) VP Stansfield Nigel sold 17,500 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $16.44, for a total transaction of $287,700.00. Following the sale, the vice president now owns 164,355 shares of the company’s stock, valued at approximately $2,701,996.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Interface Price Performance

Shares of NASDAQ:TILE opened at $16.44 on Monday. 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 company has a 50-day moving average price of $15.60 and a 200 day moving average price of $15.29. Interface, Inc. has a 52 week low of $8.26 and a 52 week high of $18.47. The company has a market cap of $957.51 million, a P/E ratio of 16.28, a PEG ratio of 0.93 and a beta of 2.00.

Interface (NASDAQ:TILE) last posted its quarterly earnings results on Friday, August 2nd. The textile maker reported $0.40 EPS for the quarter, beating the consensus estimate of $0.28 by $0.12. Interface had a return on equity of 16.94% and a net margin of 4.73%. The business had revenue of $346.60 million during the quarter, compared to analysts’ expectations of $340.21 million. During the same period last year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Research analysts predict that Interface, Inc. will post 1.18 earnings per share for the current year.

Interface Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on TILE shares. Barrington Research reaffirmed an “outperform” rating and set a $22.00 price objective on shares of Interface in a research report on Friday, August 2nd. StockNews.com upgraded shares of Interface from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th.

Institutional Trading of Interface

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Innealta Capital LLC acquired a new position in Interface during the second quarter worth about $32,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Interface during the 1st quarter worth approximately $57,000. GAMMA Investing LLC grew its holdings in shares of Interface by 131.1% in the 1st quarter. GAMMA Investing LLC now owns 3,943 shares of the textile maker’s stock worth $66,000 after acquiring an additional 2,237 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in Interface in the 2nd quarter valued at approximately $91,000. Finally, SG Americas Securities LLC acquired a new position in Interface during the first quarter worth $110,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

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.