Interface (NASDAQ:TILE) CFO Bruce Andrew Hausmann Sells 50,000 Shares of Stock

Interface, Inc. (NASDAQ:TILE) CFO Bruce Andrew Hausmann sold 50,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $29.66, for a total value of $1,483,000.00. Following the sale, the chief financial officer directly owned 119,256 shares of the company’s stock, valued at $3,537,132.96. This represents a 29.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Interface Stock Down 1.0%

TILE opened at $29.60 on Friday. Interface, Inc. has a fifty-two week low of $19.66 and a fifty-two week high of $35.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 2.43. The company has a market capitalization of $1.72 billion, a P/E ratio of 13.83, a P/E/G ratio of 0.94 and a beta of 1.92. The stock has a fifty day moving average of $27.30 and a 200-day moving average of $28.68.

Interface (NASDAQ:TILE) last posted its earnings results on Friday, May 8th. The textile maker reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. Interface had a return on equity of 20.09% and a net margin of 8.92%.The company had revenue of $331.04 million during the quarter, compared to the consensus estimate of $320.38 million. During the same quarter last year, the firm earned $0.25 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis. On average, equities analysts expect that Interface, Inc. will post 2.11 EPS for the current year.

Interface Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. Interface’s dividend payout ratio (DPR) is currently 5.61%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wall Street Zen raised Interface from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Weiss Ratings raised Interface from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Barrington Research reaffirmed an “outperform” rating and issued a $36.00 price target on shares of Interface in a research note on Friday, April 17th. Finally, Benchmark assumed coverage on Interface in a research note on Tuesday, May 19th. They issued a “buy” rating and a $36.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TILE. CIBC Private Wealth Group LLC grew its position in Interface by 180.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 981 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 631 shares during the last quarter. Larson Financial Group LLC grew its position in Interface by 114.6% in the third quarter. Larson Financial Group LLC now owns 1,176 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 628 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in Interface in the second quarter valued at about $35,000. Wexford Capital LP bought a new position in Interface in the third quarter valued at about $43,000. Finally, Blue Trust Inc. grew its position in Interface by 88.3% in the fourth quarter. Blue Trust Inc. now owns 2,199 shares of the textile maker’s stock valued at $61,000 after acquiring an additional 1,031 shares during the last quarter. Institutional investors own 98.34% of the company’s stock.

About Interface

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.