Daniel T. Hendrix Sells 2,153 Shares of Interface, Inc. (NASDAQ:TILE) Stock

Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix sold 2,153 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $14.67, for a total transaction of $31,584.51. Following the sale, the director now directly owns 246,147 shares in the company, valued at approximately $3,610,976.49. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Interface Price Performance

Shares of NASDAQ:TILE opened at $14.17 on Wednesday. The firm’s 50 day moving average price is $15.32 and its 200-day moving average price is $14.60. Interface, Inc. has a twelve month low of $8.26 and a twelve month high of $18.47. The company has a quick ratio of 1.30, a current ratio of 2.72 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $825.26 million, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.82 and a beta of 2.00.

Interface (NASDAQ:TILE) last issued its quarterly earnings data on Friday, May 3rd. The textile maker reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.12. Interface had a net margin of 4.73% and a return on equity of 16.94%. The firm had revenue of $289.70 million for the quarter, compared to analysts’ expectations of $284.76 million. During the same quarter in the prior year, the business earned $0.07 EPS. The business’s quarterly revenue was down 2.1% on a year-over-year basis. Equities research analysts expect that Interface, Inc. will post 1.18 EPS for the current year.

Interface Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Friday, May 31st. Interface’s payout ratio is 3.96%.

Institutional Investors Weigh In On Interface

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TILE. American Century Companies Inc. raised its stake in Interface by 29.4% during the 3rd quarter. American Century Companies Inc. now owns 610,702 shares of the textile maker’s stock worth $5,991,000 after acquiring an additional 138,800 shares during the period. Wellington Management Group LLP raised its stake in Interface by 6.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,496,114 shares of the textile maker’s stock worth $24,487,000 after acquiring an additional 140,521 shares during the period. Vanguard Group Inc. raised its stake in Interface by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,210,853 shares of the textile maker’s stock worth $51,118,000 after acquiring an additional 48,805 shares during the period. Exchange Traded Concepts LLC bought a new stake in Interface during the 4th quarter worth approximately $401,000. Finally, Pacer Advisors Inc. raised its stake in Interface by 112.4% during the 4th quarter. Pacer Advisors Inc. now owns 2,432,561 shares of the textile maker’s stock worth $30,699,000 after acquiring an additional 1,287,420 shares during the period. Institutional investors own 98.34% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an “outperform” rating and issued a $22.00 price objective on shares of Interface in a research note on Monday, June 17th.

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.