Interface (NASDAQ:TILE) Director Daniel Hendrix Sells 4,000 Shares of Company Stock

Interface, Inc. (NASDAQ:TILE) Director Daniel Hendrix sold 4,000 shares of the stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $35.39, for a total value of $141,560.00. Following the transaction, the director owned 80,147 shares of the company’s stock, valued at approximately $2,836,402.33. The trade was a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Interface Price Performance

Shares of TILE opened at $35.07 on Thursday. The firm has a market capitalization of $2.04 billion, a PE ratio of 14.20, a PEG ratio of 1.01 and a beta of 1.99. The company’s 50-day moving average is $36.06 and its 200-day moving average is $32.81. Interface, Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $40.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.53 and a quick ratio of 1.35.

Interface (NASDAQ:TILE) last released its quarterly earnings results on Friday, August 7th. The textile maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.24. The business had revenue of $395.70 million during the quarter, compared to the consensus estimate of $391.22 million. Interface had a return on equity of 21.77% and a net margin of 10.10%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. Equities analysts forecast that Interface, Inc. will post 2.36 EPS for the current year.

Interface Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, September 4th. Interface’s dividend payout ratio is presently 4.86%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Barrington Research increased their target price on Interface from $36.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of Interface from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, October 12th. Zacks Research downgraded Interface from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Finally, Wall Street Zen downgraded Interface from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Interface currently has an average rating of “Moderate Buy” and a consensus price target of $40.50.

Institutional Trading of Interface

A number of institutional investors have recently modified their holdings of the company. Vest Financial LLC acquired a new position in Interface during the 3rd quarter worth approximately $1,793,000. Nisa Investment Advisors LLC increased its position in shares of Interface by 43.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,859 shares of the textile maker’s stock valued at $133,000 after purchasing an additional 1,168 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in shares of Interface in the 3rd quarter valued at $238,000. Ifrah Financial Services Inc. acquired a new stake in shares of Interface in the 3rd quarter valued at $241,000. Finally, Green Alpha Advisors LLC lifted its position in shares of Interface by 6.2% during the 3rd quarter. Green Alpha Advisors LLC now owns 73,364 shares of the textile maker’s stock worth $2,524,000 after purchasing an additional 4,267 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors.

Interface Company Profile

Interface, Inc designs and manufactures modular flooring products for commercial, institutional and residential interiors. Its portfolio includes carpet tile, broadloom carpet and resilient flooring, including luxury vinyl tile. The company serves markets such as corporate offices, hospitality, education, healthcare and retail.

Founded in 1973 by Ray Anderson, Interface is headquartered in Atlanta, Georgia, and sells its products through a global network serving customers in North America, Europe and the Asia-Pacific region.