Interface, Inc. (NASDAQ:TILE) VP Stansfield Nigel Sells 20,000 Shares

Interface, Inc. (NASDAQ:TILE) VP Stansfield Nigel sold 20,000 shares of Interface stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $24.12, for a total transaction of $482,400.00. Following the sale, the vice president now directly owns 144,355 shares in the company, valued at $3,481,842.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Stansfield Nigel also recently made the following trade(s):

• On Thursday, August 8th, Stansfield Nigel sold 17,500 shares of Interface stock. The shares were sold at an average price of $16.44, for a total value of $287,700.00.

Interface Price Performance

NASDAQ TILE opened at $24.73 on Thursday. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.14 and a beta of 1.97. Interface, Inc. has a 12 month low of $9.04 and a 12 month high of $24.97. The company’s 50 day moving average is $18.98 and its two-hundred day moving average is $17.01. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66.

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

Interface Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend was Friday, August 30th. Interface’s dividend payout ratio is presently 2.80%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TILE. First Eagle Investment Management LLC purchased a new position in Interface in the first quarter worth about $2,027,000. SG Americas Securities LLC raised its stake in shares of Interface by 1,195.5% in the second quarter. SG Americas Securities LLC now owns 84,647 shares of the textile maker’s stock valued at $1,243,000 after acquiring an additional 78,113 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of Interface by 182.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 130,020 shares of the textile maker’s stock worth $2,187,000 after purchasing an additional 83,932 shares during the period. Inspire Investing LLC purchased a new stake in Interface in the 1st quarter worth about $859,000. Finally, Private Advisor Group LLC bought a new stake in Interface in the third quarter worth about $790,000. 98.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TILE shares. StockNews.com lowered shares of Interface from a “strong-buy” rating to a “buy” rating in a research note on Monday. Barrington Research boosted their price objective on shares of Interface from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, November 1st.

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.