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

Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix sold 12,500 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $23.78, for a total transaction of $297,250.00. Following the completion of the sale, the director now directly owns 103,647 shares in the company, valued at $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 Securities & Exchange Commission, which is accessible through the SEC website.

Interface Stock Performance

TILE stock traded up $0.18 during midday trading on Tuesday, hitting $23.77. 367,854 shares of the stock traded hands, compared to its average volume of 357,166. Interface, Inc. has a 1-year low of $12.40 and a 1-year high of $27.34. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. The stock’s fifty day simple moving average is $24.92 and its 200-day simple moving average is $21.29. The firm has a market cap of $1.39 billion, a P/E ratio of 16.62, a PEG ratio of 1.06 and a beta of 2.10.

Interface (NASDAQ:TILE) last posted its earnings results on Friday, November 1st. The textile maker reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.14. The firm 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 company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. On average, analysts expect that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Foundry Partners LLC acquired a new stake in Interface in the 3rd quarter valued at $4,308,000. Barclays PLC raised its position in shares of Interface by 688.5% during the 3rd quarter. Barclays PLC now owns 256,987 shares of the textile maker’s stock worth $4,873,000 after purchasing an additional 224,395 shares during the last quarter. Weiss Asset Management LP purchased a new position in Interface in the 3rd quarter valued at about $4,206,000. Jane Street Group LLC boosted its holdings in Interface by 176.7% in the 3rd quarter. Jane Street Group LLC now owns 158,352 shares of the textile maker’s stock worth $3,004,000 after buying an additional 101,114 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Interface during the 3rd quarter worth approximately $1,661,000. 98.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

About Interface

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.