Interface (NASDAQ:TILE) VP James Poppens Sells 10,000 Shares of Stock

Interface, Inc. (NASDAQ:TILE) VP James Poppens sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $29.42, for a total value of $294,200.00. Following the completion of the transaction, the vice president directly owned 119,496 shares of the company’s stock, valued at approximately $3,515,572.32. This trade represents a 7.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, March 5th, James Poppens sold 5,000 shares of Interface stock. The shares were sold at an average price of $28.11, for a total transaction of $140,550.00.
• 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 transaction of $77,141.50.

Interface Stock Performance

Interface stock traded down $0.21 during midday trading on Friday, reaching $27.93. 133,072 shares of the company traded hands, compared to its average volume of 386,407. Interface, Inc. has a 12 month low of $17.24 and a 12 month high of $35.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.34 and a quick ratio of 1.18. The business has a 50 day moving average of $31.18 and a two-hundred day moving average of $28.74. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 0.94 and a beta of 1.87.

Interface (NASDAQ:TILE) last posted its 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 during the quarter, compared to the consensus estimate of $350.54 million. Interface had a net margin of 8.37% and a return on equity of 19.54%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. As a group, research analysts predict that Interface, Inc. will post 1.37 earnings per share for the current year.

Interface Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, March 27th. This is a positive change from Interface’s previous quarterly dividend of $0.02. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. Interface’s payout ratio is 4.08%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TILE. Royal Bank of Canada grew its holdings in Interface by 8.4% during the 1st quarter. Royal Bank of Canada now owns 19,657 shares of the textile maker’s stock valued at $390,000 after purchasing an additional 1,522 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Interface by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,118 shares of the textile maker’s stock valued at $677,000 after buying an additional 1,485 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Interface by 5.9% in the first quarter. Goldman Sachs Group Inc. now owns 748,701 shares of the textile maker’s stock worth $14,854,000 after buying an additional 42,011 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Interface by 6.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 151,950 shares of the textile maker’s stock worth $3,015,000 after acquiring an additional 9,580 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Interface during the 2nd quarter worth approximately $276,000. Institutional investors own 98.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TILE. Weiss Ratings upgraded Interface from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Barrington Research boosted their price target on shares of Interface from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Wall Street Zen downgraded shares of Interface from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Finally, Zacks Research cut shares of Interface from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Interface currently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

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.