Interface, Inc. (NASDAQ:TILE) VP Stansfield Nigel Sells 19,990 Shares

Interface, Inc. (NASDAQ:TILE) VP Stansfield Nigel sold 19,990 shares of Interface stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $16.24, for a total transaction of $324,637.60. Following the sale, the vice president now directly owns 181,855 shares in the company, valued at approximately $2,953,325.20. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Interface Stock Performance

Interface stock opened at $15.95 on Thursday. The company has a quick ratio of 1.30, a current ratio of 2.72 and a debt-to-equity ratio of 0.89. The stock’s 50 day moving average is $15.95 and its 200 day moving average is $13.08. Interface, Inc. has a twelve month low of $6.51 and a twelve month high of $18.47. The company has a market capitalization of $928.31 million, a P/E ratio of 15.79, a PEG ratio of 1.10 and a beta of 1.99.

Interface (NASDAQ:TILE) last issued its earnings results on Friday, May 3rd. The textile maker reported $0.24 EPS for the quarter, beating the consensus estimate of $0.12 by $0.12. Interface had a return on equity of 16.94% and a net margin of 4.73%. The business had revenue of $289.70 million for the quarter, compared to the consensus estimate of $284.76 million. During the same period last year, the business posted $0.07 EPS. The company’s revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts predict that Interface, Inc. will post 1.05 earnings per share for the current fiscal year.

Interface Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 dividend on an annualized basis and a yield of 0.25%. Interface’s dividend payout ratio is presently 3.96%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Interface by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 5,210,853 shares of the textile maker’s stock worth $51,118,000 after purchasing an additional 48,805 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Interface by 65.2% in the 3rd quarter. Pzena Investment Management LLC now owns 3,614,372 shares of the textile maker’s stock worth $35,457,000 after purchasing an additional 1,426,749 shares during the period. Wellington Management Group LLP grew its stake in Interface by 0.5% during the fourth quarter. Wellington Management Group LLP now owns 2,508,961 shares of the textile maker’s stock valued at $31,663,000 after acquiring an additional 12,847 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Interface by 112.4% during the fourth quarter. Pacer Advisors Inc. now owns 2,432,561 shares of the textile maker’s stock valued at $30,699,000 after purchasing an additional 1,287,420 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Interface by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,275,194 shares of the textile maker’s stock worth $28,714,000 after purchasing an additional 165,536 shares during the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on TILE shares. TheStreet upgraded Interface from a “c” rating to a “b-” rating in a report on Tuesday, February 27th. Truist Financial increased their price objective on Interface from $10.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, February 28th. Finally, Barrington Research boosted their target price on shares of Interface from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, May 3rd.

Interface Company Profile

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.