Interface (NASDAQ:TILE) VP Sells $1,287,397.00 in Stock

Interface, Inc. (NASDAQ:TILE) VP David Foshee sold 44,393 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president owned 175,014 shares of the company’s stock, valued at approximately $5,075,406. This represents a 20.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Interface Stock Down 1.1%

Shares of NASDAQ TILE opened at $28.81 on Friday. The stock has a market cap of $1.67 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.92 and a beta of 1.92. The firm has a 50 day moving average price of $27.07 and a 200 day moving average price of $28.56. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 2.43. Interface, Inc. has a 52-week low of $18.74 and a 52-week high of $35.11.

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

Interface Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be issued a dividend of $0.03 per share. The ex-dividend date is Friday, June 5th. This represents a $0.12 dividend on an annualized basis and a yield of 0.4%. Interface’s payout ratio is currently 5.61%.

Analysts Set New Price Targets

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

Institutional Trading of Interface

Institutional investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC lifted its position in shares of Interface by 180.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 981 shares of the textile maker’s stock worth $27,000 after purchasing an additional 631 shares in the last quarter. TD Private Client Wealth LLC bought a new stake in shares of Interface in the third quarter worth $32,000. Larson Financial Group LLC lifted its position in shares of Interface by 114.6% in the third quarter. Larson Financial Group LLC now owns 1,176 shares of the textile maker’s stock worth $34,000 after purchasing an additional 628 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Interface in the second quarter worth $35,000. Finally, Wexford Capital LP bought a new stake in shares of Interface in the third quarter worth $43,000. Institutional investors 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.