Interface, Inc. (NASDAQ:TILE) Director Sells $149,307.21 in Stock

Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix sold 10,347 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $14.43, for a total transaction of $149,307.21. Following the completion of the sale, the director now directly owns 248,300 shares of the company’s stock, valued at $3,582,969. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Interface Trading Up 2.0 %

Shares of TILE stock opened at $14.45 on Thursday. Interface, Inc. has a 52-week low of $8.26 and a 52-week high of $18.47. The stock has a market cap of $841.57 million, a price-to-earnings ratio of 14.31, a P/E/G ratio of 0.83 and a beta of 2.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.30 and a current ratio of 2.72. The firm has a fifty day moving average of $15.29 and a 200-day moving average of $14.61.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Friday, May 3rd. The textile maker reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.12. Interface had a net margin of 4.73% and a return on equity of 16.94%. The company had revenue of $289.70 million during the quarter, compared to analysts’ expectations of $284.76 million. During the same quarter in the prior year, the company posted $0.07 EPS. The business’s revenue was down 2.1% on a year-over-year basis. On average, equities research analysts forecast that Interface, Inc. will post 1.18 earnings per share for the current fiscal year.

Interface Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Friday, May 31st. Interface’s dividend payout ratio is 3.96%.

Analysts Set New Price Targets

Separately, Barrington Research reissued an “outperform” rating and issued a $22.00 price target on shares of Interface in a report on Monday, June 17th.

Hedge Funds Weigh In On Interface

A number of hedge funds have recently made changes to their positions in TILE. Vanguard Group Inc. increased its position in shares of Interface by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 5,298,736 shares of the textile maker’s stock worth $89,125,000 after purchasing an additional 43,184 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Interface by 0.5% during the 4th quarter. Wellington Management Group LLP now owns 2,508,961 shares of the textile maker’s stock worth $31,663,000 after purchasing an additional 12,847 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Interface by 112.4% during the 4th quarter. Pacer Advisors Inc. now owns 2,432,561 shares of the textile maker’s stock worth $30,699,000 after purchasing an additional 1,287,420 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Interface by 7.8% during the 4th 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Interface by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,118,347 shares of the textile maker’s stock worth $14,114,000 after purchasing an additional 36,088 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

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.