Interface (NASDAQ:TILE) Director Sells $141,560.00 in Stock

Interface, Inc. (NASDAQ:TILE) Director Daniel Hendrix sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $35.39, for a total transaction of $141,560.00. Following the transaction, the director owned 80,147 shares of the company’s stock, valued at approximately $2,836,402.33. The trade was a 4.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Interface Stock Up 0.6%

TILE stock opened at $35.64 on Wednesday. Interface, Inc. has a one year low of $24.40 and a one year high of $40.50. The stock has a market capitalization of $2.07 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.00 and a beta of 1.99. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.35 and a current ratio of 2.53. The company has a fifty day moving average of $36.13 and a 200-day moving average of $32.75.

Interface (NASDAQ:TILE) last issued its quarterly earnings results on Friday, August 7th. The textile maker reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.24. The business had revenue of $395.70 million for the quarter, compared to analyst estimates of $391.22 million. Interface had a net margin of 10.10% and a return on equity of 21.77%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 earnings per share. As a group, analysts expect that Interface, Inc. will post 2.36 EPS for the current year.

Interface Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were given a dividend of $0.03 per share. The ex-dividend date was Friday, September 4th. This represents a $0.12 annualized dividend and a yield of 0.3%. Interface’s payout ratio is presently 4.86%.

Institutional Investors Weigh In On Interface

Several institutional investors have recently modified their holdings of TILE. Allworth Financial LP acquired a new stake in shares of Interface in the second quarter valued at approximately $36,000. Public Employees Retirement System of Ohio purchased a new position in shares of Interface during the 2nd quarter worth approximately $39,000. Farther Finance Advisors LLC increased its stake in shares of Interface by 39.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,271 shares of the textile maker’s stock worth $44,000 after purchasing an additional 357 shares in the last quarter. Nykredit A S acquired a new position in shares of Interface during the 2nd quarter worth approximately $47,000. Finally, Quantbot Technologies LP acquired a new position in shares of Interface during the 2nd quarter worth approximately $83,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Analyst Upgrades and Downgrades

TILE has been the subject of several recent analyst reports. Zacks Research cut Interface from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Barrington Research lifted their price target on Interface from $36.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Wall Street Zen lowered Interface from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Weiss Ratings upgraded Interface from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, October 12th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Interface has an average rating of “Moderate Buy” and an average target price of $40.50.

About Interface

Interface, Inc designs and manufactures modular flooring products for commercial, institutional and residential interiors. Its portfolio includes carpet tile, broadloom carpet and resilient flooring, including luxury vinyl tile. The company serves markets such as corporate offices, hospitality, education, healthcare and retail.

Founded in 1973 by Ray Anderson, Interface is headquartered in Atlanta, Georgia, and sells its products through a global network serving customers in North America, Europe and the Asia-Pacific region.