Interface, Inc. (NASDAQ:TILE) Director Sells $297,250.00 in Stock

Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix sold 12,500 shares of Interface stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $23.78, for a total value of $297,250.00. Following the sale, the director now owns 103,647 shares of the company’s stock, valued at approximately $2,464,725.66. This trade represents a 10.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Interface Stock Up 0.8 %

Shares of TILE stock traded up $0.18 on Tuesday, hitting $23.77. The stock had a trading volume of 367,854 shares, compared to its average volume of 357,166. Interface, Inc. has a one year low of $12.40 and a one year high of $27.34. The business has a 50 day moving average price of $24.92 and a 200 day moving average price of $21.29. The company has a market cap of $1.39 billion, a PE ratio of 16.62, a P/E/G ratio of 1.06 and a beta of 2.10. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66.

Interface (NASDAQ:TILE) last posted its quarterly earnings results on Friday, November 1st. The textile maker reported $0.48 EPS for the quarter, beating the consensus estimate of $0.34 by $0.14. Interface had a net margin of 6.49% and a return on equity of 19.91%. The business had revenue of $344.30 million during the quarter, compared to analyst estimates of $336.39 million. During the same quarter in the previous year, the business posted $0.28 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. Research analysts anticipate that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently commented on TILE shares. Barrington Research reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Interface in a research note on Tuesday, January 28th. StockNews.com lowered shares of Interface from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 4th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Venturi Wealth Management LLC raised its holdings in Interface by 204.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker’s stock worth $27,000 after purchasing an additional 750 shares in the last quarter. Principal Securities Inc. grew its position in shares of Interface by 103.1% in the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock worth $36,000 after buying an additional 741 shares during the last quarter. Quarry LP raised its stake in shares of Interface by 499.5% during the 3rd quarter. Quarry LP now owns 2,476 shares of the textile maker’s stock worth $47,000 after acquiring an additional 2,063 shares in the last quarter. National Bank of Canada FI lifted its position in Interface by 33.7% during the third quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker’s stock valued at $64,000 after acquiring an additional 856 shares during the last quarter. Finally, KBC Group NV boosted its stake in Interface by 70.7% in the third quarter. KBC Group NV now owns 3,472 shares of the textile maker’s stock valued at $66,000 after acquiring an additional 1,438 shares in the last quarter. 98.34% of the stock is currently 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.