Interface, Inc. (NASDAQ:TILE) VP Sells $10,583.12 in Stock

Interface, Inc. (NASDAQ:TILE) VP James Poppens sold 526 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $20.12, for a total value of $10,583.12. Following the sale, the vice president now directly owns 129,616 shares of the company’s stock, valued at approximately $2,607,873.92. This represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

James Poppens also recently made the following trade(s):

• On Thursday, May 29th, James Poppens sold 19,474 shares of Interface stock. The stock was sold at an average price of $20.14, for a total value of $392,206.36.

Interface Price Performance

Interface stock opened at $19.99 on Monday. Interface, Inc. has a one year low of $14.13 and a one year high of $27.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. The business has a fifty day moving average of $19.47 and a two-hundred day moving average of $21.98. The company has a market cap of $1.17 billion, a P/E ratio of 13.98, a price-to-earnings-growth ratio of 0.96 and a beta of 1.95.

Interface (NASDAQ:TILE) last released its earnings results on Friday, May 2nd. The textile maker reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. Interface had a return on equity of 19.91% and a net margin of 6.49%. The company had revenue of $297.41 million during the quarter, compared to the consensus estimate of $297.11 million. During the same quarter last year, the company earned $0.24 earnings per share. Interface’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, analysts predict that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date is Friday, May 30th. Interface’s dividend payout ratio is currently 2.76%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TILE. Venturi Wealth Management LLC increased its position in shares of Interface by 204.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker’s stock valued at $27,000 after buying an additional 750 shares in the last quarter. Huntington National Bank purchased a new position in shares of Interface in the fourth quarter valued at $28,000. Smartleaf Asset Management LLC increased its position in shares of Interface by 78.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker’s stock valued at $30,000 after buying an additional 546 shares in the last quarter. Principal Securities Inc. increased its position in shares of Interface by 103.1% in the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock valued at $36,000 after buying an additional 741 shares in the last quarter. Finally, Virtus Fund Advisers LLC purchased a new position in shares of Interface in the fourth quarter valued at $48,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Wall Street Analysts Forecast Growth

TILE has been the subject of several recent research reports. Barrington Research reaffirmed an “outperform” rating and set a $30.00 price target on shares of Interface in a report on Friday, May 2nd. Wall Street Zen raised Interface from a “hold” rating to a “buy” rating in a report on Saturday, May 10th.

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.