Daniel T. Hendrix Sells 12,500 Shares of Interface, Inc. (NASDAQ:TILE) Stock

Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $24.10, for a total transaction of $301,250.00. Following the sale, the director now directly owns 116,147 shares of the company’s stock, valued at $2,799,142.70. This trade represents a 9.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Interface Stock Performance

Shares of NASDAQ TILE traded up $0.28 during midday trading on Friday, hitting $24.24. 327,611 shares of the stock traded hands, compared to its average volume of 335,414. The firm has a market capitalization of $1.41 billion, a P/E ratio of 16.95, a PEG ratio of 1.27 and a beta of 2.09. Interface, Inc. has a one year low of $11.48 and a one year high of $27.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. The firm has a 50-day moving average of $24.64 and a two-hundred day moving average of $19.83.

Interface (NASDAQ:TILE) last posted its earnings results on Friday, November 1st. The textile maker reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.14. Interface had a return on equity of 19.91% and a net margin of 6.49%. The company had revenue of $344.30 million for the quarter, compared to the consensus estimate of $336.39 million. During the same quarter in the prior year, the company earned $0.28 earnings per share. Interface’s revenue was up 10.7% on a year-over-year basis. On average, equities analysts forecast that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.17%. Interface’s dividend payout ratio is presently 2.80%.

Hedge Funds Weigh In On Interface

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in Interface by 17.5% in the 4th quarter. GAMMA Investing LLC now owns 3,880 shares of the textile maker’s stock worth $94,000 after purchasing an additional 578 shares during the period. National Bank of Canada FI grew its stake in Interface by 33.7% during the third quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker’s stock valued at $64,000 after acquiring an additional 856 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Interface by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,103 shares of the textile maker’s stock valued at $324,000 after acquiring an additional 1,368 shares during the last quarter. KBC Group NV boosted its holdings in shares of Interface by 70.7% during the 3rd quarter. KBC Group NV now owns 3,472 shares of the textile maker’s stock valued at $66,000 after purchasing an additional 1,438 shares during the last quarter. Finally, New York State Teachers Retirement System grew its position in shares of Interface by 1.6% during the third quarter. New York State Teachers Retirement System now owns 115,339 shares of the textile maker’s stock valued at $2,188,000 after purchasing an additional 1,767 shares in the last quarter. Institutional investors own 98.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TILE. StockNews.com cut Interface from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 4th. Barrington Research boosted their target price on Interface from $26.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th.

About Interface

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.