Interface (NASDAQ:TILE) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Interface, Inc. (NASDAQ:TILE) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.80 and traded as high as $30.44. Interface shares last traded at $30.14, with a volume of 522,363 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TILE shares. Wall Street Zen upgraded shares of Interface from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded shares of Interface from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Barrington Research reiterated an “outperform” rating and issued a $36.00 target price on shares of Interface in a research report on Friday, April 17th. Finally, Benchmark started coverage on shares of Interface in a research report on Tuesday, May 19th. They issued a “buy” rating and a $36.00 target price for the company. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Interface presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.

Interface Stock Performance

The company has a current ratio of 2.43, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $27.71 and its two-hundred day moving average price is $28.80. The company has a market cap of $1.75 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 0.94 and a beta of 1.91.

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

Interface Announces Dividend

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

Insider Activity

In other news, VP David B. Foshee sold 44,393 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $29.00, for a total transaction of $1,287,397.00. Following the completion of the transaction, the vice president owned 175,014 shares in the company, valued at approximately $5,075,406. This trade represents a 20.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Bruce Andrew Hausmann sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $29.66, for a total transaction of $1,483,000.00. Following the completion of the transaction, the chief financial officer owned 119,256 shares of the company’s stock, valued at approximately $3,537,132.96. The trade was a 29.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.47% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Westover Capital Advisors LLC purchased a new stake in shares of Interface in the fourth quarter worth approximately $1,744,000. American Century Companies Inc. lifted its position in shares of Interface by 5.5% in the third quarter. American Century Companies Inc. now owns 2,412,549 shares of the textile maker’s stock worth $69,819,000 after purchasing an additional 126,263 shares in the last quarter. Congress Asset Management Co. lifted its position in shares of Interface by 3.3% in the fourth quarter. Congress Asset Management Co. now owns 2,629,174 shares of the textile maker’s stock worth $73,407,000 after purchasing an additional 84,793 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Interface by 43.4% in the third quarter. JPMorgan Chase & Co. now owns 289,092 shares of the textile maker’s stock worth $8,366,000 after purchasing an additional 87,462 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Interface by 2,333.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 280,986 shares of the textile maker’s stock valued at $7,845,000 after acquiring an additional 269,439 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

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.