Insider Selling: Interface, Inc. (NASDAQ:TILE) Director Sells 12,500 Shares of Stock

Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix sold 12,500 shares of Interface stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $24.10, for a total transaction of $301,250.00. Following the completion of the sale, the director now directly owns 116,147 shares in the company, valued at approximately $2,799,142.70. The trade was a 9.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Interface Stock Performance

Shares of TILE opened at $24.24 on Monday. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.27 and a beta of 2.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. Interface, Inc. has a 1 year low of $11.48 and a 1 year high of $27.34. The company’s 50 day simple moving average is $24.76 and its 200 day simple moving average is $19.92.

Interface (NASDAQ:TILE) last posted its quarterly earnings data on Friday, November 1st. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.14. The business had revenue of $344.30 million for the quarter, compared to analysts’ expectations of $336.39 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 earnings per share. On average, sell-side analysts predict that Interface, Inc. will post 1.37 EPS for the current year.

Interface Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.01 per share. The ex-dividend date was Friday, November 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.17%. Interface’s payout ratio is currently 2.80%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TILE. Barrington Research upped their price objective on Interface from $26.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. StockNews.com lowered shares of Interface from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 4th.

Institutional Investors Weigh In On Interface

Hedge funds have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Interface by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,892,968 shares of the textile maker’s stock worth $42,469,000 after purchasing an additional 31,224 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Interface by 10.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,691,190 shares of the textile maker’s stock worth $39,507,000 after buying an additional 247,350 shares during the last quarter. State Street Corp raised its position in shares of Interface by 0.6% in the 3rd quarter. State Street Corp now owns 2,232,327 shares of the textile maker’s stock worth $42,347,000 after buying an additional 13,686 shares during the period. American Century Companies Inc. boosted its holdings in Interface by 22.3% in the second quarter. American Century Companies Inc. now owns 1,563,447 shares of the textile maker’s stock valued at $22,951,000 after acquiring an additional 285,353 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Interface by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,371,976 shares of the textile maker’s stock valued at $26,031,000 after acquiring an additional 11,931 shares during the period. 98.34% of the stock is owned by institutional investors and hedge funds.

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.