Interface, Inc. (NASDAQ:TILE) VP Sells $482,400.00 in Stock

Interface, Inc. (NASDAQ:TILE) VP Stansfield Nigel sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $24.12, for a total value of $482,400.00. Following the transaction, the vice president now owns 144,355 shares of the company’s stock, valued at approximately $3,481,842.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

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

Interface Trading Up 3.2 %

Shares of Interface stock opened at $24.90 on Wednesday. The business has a fifty day simple moving average of $18.85 and a 200-day simple moving average of $16.95. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 1.21 and a beta of 1.97. Interface, Inc. has a fifty-two week low of $9.04 and a fifty-two week high of $24.97. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66.

Interface (NASDAQ:TILE) last issued its quarterly earnings results on Friday, November 1st. The textile maker reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.14. The company had revenue of $344.30 million during the quarter, compared to the consensus estimate of $336.39 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. Interface’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 EPS. On average, equities analysts forecast that Interface, Inc. will post 1.28 EPS for the current fiscal year.

Interface Dividend Announcement

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

Institutional Investors Weigh In On Interface

A number of institutional investors and hedge funds have recently modified their holdings of TILE. Hennessy Advisors Inc. acquired a new position in shares of Interface in the 2nd quarter worth $7,430,000. American Century Companies Inc. boosted its position in shares of Interface by 22.3% in the 2nd quarter. American Century Companies Inc. now owns 1,563,447 shares of the textile maker’s stock valued at $22,951,000 after purchasing an additional 285,353 shares during the period. Dimensional Fund Advisors LP increased its stake in Interface by 10.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,691,190 shares of the textile maker’s stock worth $39,507,000 after purchasing an additional 247,350 shares in the last quarter. Gendell Jeffrey L raised its holdings in Interface by 1,041.8% during the 1st quarter. Gendell Jeffrey L now owns 250,363 shares of the textile maker’s stock worth $4,211,000 after buying an additional 228,435 shares during the period. Finally, Algert Global LLC purchased a new stake in Interface during the second quarter valued at about $1,828,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Analyst Upgrades and Downgrades

TILE has been the topic of a number of recent analyst reports. StockNews.com cut shares of Interface from a “strong-buy” rating to a “buy” rating in a research note on Monday. Barrington Research increased their price objective on shares of Interface from $22.00 to $26.00 and gave the company 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.