Interface, Inc. (TILE) Director Christopher G. Kennedy Sells 29,500 Shares
Interface, Inc. (NASDAQ:TILE) Director Christopher G. Kennedy sold 29,500 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $21.92, for a total transaction of $646,640.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Interface, Inc. (NASDAQ:TILE) traded up 2.05% on Monday, hitting $22.35. 355,481 shares of the stock were exchanged. Interface, Inc. has a one year low of $14.59 and a one year high of $22.60. The company has a 50-day moving average price of $19.22 and a 200-day moving average price of $19.35. The firm has a market capitalization of $1.38 billion, a PE ratio of 28.65 and a beta of 1.24.
Interface (NASDAQ:TILE) last announced its earnings results on Wednesday, July 26th. The textile maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. Interface had a net margin of 5.21% and a return on equity of 19.66%. The business had revenue of $251.70 million during the quarter, compared to the consensus estimate of $254.94 million. During the same quarter in the previous year, the firm posted $0.32 EPS. Interface’s revenue was up 1.4% compared to the same quarter last year. Equities research analysts expect that Interface, Inc. will post $1.14 earnings per share for the current year.
TILE has been the topic of several analyst reports. BidaskClub downgraded shares of Interface from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. ValuEngine lowered Interface from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $19.00 target price on shares of Interface in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Interface currently has an average rating of “Hold” and a consensus price target of $19.00.
Large investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. acquired a new position in shares of Interface during the first quarter worth $4,913,000. BlackRock Inc. increased its holdings in Interface by 144,783.3% in the 1st quarter. BlackRock Inc. now owns 7,815,006 shares of the textile maker’s stock worth $148,876,000 after purchasing an additional 7,809,612 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Interface by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,112,169 shares of the textile maker’s stock worth $41,504,000 after purchasing an additional 36,699 shares in the last quarter. Arizona State Retirement System increased its holdings in Interface by 0.3% in the 1st quarter. Arizona State Retirement System now owns 33,453 shares of the textile maker’s stock worth $637,000 after purchasing an additional 100 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its holdings in Interface by 2.0% in the 2nd quarter. Peregrine Capital Management LLC now owns 547,281 shares of the textile maker’s stock worth $10,754,000 after purchasing an additional 10,950 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.
Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.
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