Insider Selling: Interface (NASDAQ:TILE) VP Sells 5,000 Shares of Stock

Interface, Inc. (NASDAQ:TILE) VP James Poppens sold 5,000 shares of Interface stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $28.11, for a total transaction of $140,550.00. Following the completion of the sale, the vice president directly owned 111,846 shares of the company’s stock, valued at approximately $3,143,991.06. The trade was a 4.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, March 4th, James Poppens sold 2,650 shares of Interface stock. The stock was sold at an average price of $29.11, for a total value of $77,141.50.
• On Tuesday, March 3rd, James Poppens sold 10,000 shares of Interface stock. The stock was sold at an average price of $29.42, for a total value of $294,200.00.

Interface Stock Down 3.0%

TILE stock traded down $0.86 during trading hours on Thursday, reaching $28.14. 402,496 shares of the stock were exchanged, compared to its average volume of 393,172. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.34 and a quick ratio of 1.18. Interface, Inc. has a 12 month low of $17.24 and a 12 month high of $35.11. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 0.96 and a beta of 1.87. The firm’s 50-day moving average is $31.19 and its 200-day moving average is $28.75.

Interface (NASDAQ:TILE) last released its quarterly earnings results on Tuesday, February 24th. The textile maker reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. The business had revenue of $349.39 million for the quarter, compared to analyst estimates of $350.54 million. Interface had a net margin of 8.37% and a return on equity of 19.54%. Interface’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $0.34 earnings per share. On average, equities research analysts expect that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be given a dividend of $0.03 per share. This is an increase from Interface’s previous quarterly dividend of $0.02. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, March 27th. Interface’s dividend payout ratio is presently 4.08%.

Analyst Ratings Changes

Several research analysts recently commented on TILE shares. Barrington Research lifted their price target on shares of Interface from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Weiss Ratings raised Interface from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Wall Street Zen cut Interface from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, Zacks Research downgraded shares of Interface from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $36.00.

Hedge Funds Weigh In On Interface

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. grew its holdings 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 purchasing an additional 1,149,733 shares during the period. XTX Topco Ltd acquired a new position in shares of Interface during the 4th quarter worth approximately $471,000. Zacks Investment Management increased its stake in Interface by 40.2% during the 4th quarter. Zacks Investment Management now owns 53,739 shares of the textile maker’s stock worth $1,500,000 after acquiring an additional 15,401 shares during the period. Tudor Investment Corp ET AL acquired a new position in Interface in the fourth quarter valued at about $209,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Interface during the 4th quarter worth approximately $224,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Interface Company Profile

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.