Interface (NASDAQ:TILE) VP David Foshee Sells 44,393 Shares of Stock

Interface, Inc. (NASDAQ:TILE) VP David Foshee sold 44,393 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $29.00, for a total value of $1,287,397.00. Following the completion of the sale, the vice president directly owned 175,014 shares of the company’s stock, valued at approximately $5,075,406. This trade represents a 20.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Interface Stock Up 5.0%

Shares of NASDAQ TILE opened at $28.75 on Thursday. The stock has a market cap of $1.67 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 0.86 and a beta of 1.92. The company has a quick ratio of 1.16, a current ratio of 2.43 and a debt-to-equity ratio of 0.30. Interface, Inc. has a 52-week low of $18.74 and a 52-week high of $35.11. The business has a 50-day moving average price of $27.01 and a 200 day moving average price of $28.53.

Interface (NASDAQ:TILE) last announced its earnings results on Friday, May 8th. The textile maker reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.08. The firm had revenue of $331.04 million during the quarter, compared to analysts’ expectations of $320.38 million. Interface had a return on equity of 20.09% and a net margin of 8.92%.The business’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. Equities research analysts forecast that Interface, Inc. will post 2.11 earnings per share for the current year.

Interface Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, June 5th. Interface’s dividend payout ratio (DPR) is presently 5.61%.

Analysts Set New Price Targets

Several analysts have recently commented on TILE shares. Wall Street Zen raised Interface from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. Benchmark started coverage on Interface in a report on Tuesday. They issued a “buy” rating and a $36.00 price target for the company. Barrington Research reissued an “outperform” rating and issued a $36.00 price target on shares of Interface in a report on Friday, April 17th. Finally, Weiss Ratings raised Interface from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.00.

Hedge Funds Weigh In On Interface

Several hedge funds have recently bought and sold shares of TILE. Dimensional Fund Advisors LP increased its position in Interface by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,689,857 shares of the textile maker’s stock worth $75,105,000 after buying an additional 36,530 shares in the last quarter. Congress Asset Management Co. increased its position in Interface by 3.3% during the fourth quarter. Congress Asset Management Co. now owns 2,629,174 shares of the textile maker’s stock worth $73,407,000 after buying an additional 84,793 shares in the last quarter. American Century Companies Inc. increased its position in Interface by 5.5% during the third quarter. American Century Companies Inc. now owns 2,412,549 shares of the textile maker’s stock worth $69,819,000 after buying an additional 126,263 shares in the last quarter. State Street Corp increased its position in Interface by 0.7% during the fourth quarter. State Street Corp now owns 2,192,472 shares of the textile maker’s stock worth $61,214,000 after buying an additional 14,764 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its position in Interface by 133.9% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,008,260 shares of the textile maker’s stock worth $56,071,000 after buying an additional 1,149,733 shares in the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

About Interface

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.