Interface, Inc. (NASDAQ:TILE) Director Sells $149,625.00 in Stock

Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix sold 7,500 shares of Interface stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $19.95, for a total value of $149,625.00. Following the transaction, the director now owns 96,147 shares in the company, valued at approximately $1,918,132.65. This represents a 7.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Interface Stock Performance

Shares of TILE opened at $18.65 on Thursday. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. Interface, Inc. has a 52-week low of $14.13 and a 52-week high of $27.34. The stock has a 50 day moving average price of $23.05 and a 200 day moving average price of $21.99. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 0.96 and a beta of 2.10.

Interface (NASDAQ:TILE) last released its quarterly earnings results on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. Interface had a return on equity of 19.91% and a net margin of 6.49%. The business had revenue of $335.00 million during the quarter, compared to analysts’ expectations of $340.51 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Research analysts predict that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on TILE shares. StockNews.com lowered shares of Interface from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Barrington Research reissued an “outperform” rating and set a $30.00 price objective on shares of Interface in a research report on Tuesday, February 25th.

Institutional Investors Weigh In On Interface

Several large investors have recently modified their holdings of TILE. Venturi Wealth Management LLC grew its holdings in Interface by 204.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 750 shares during the last quarter. Huntington National Bank purchased a new position in Interface during the fourth quarter worth about $28,000. Smartleaf Asset Management LLC lifted its position in Interface by 78.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker’s stock worth $30,000 after buying an additional 546 shares during the period. Principal Securities Inc. lifted its position in Interface by 103.1% during the fourth quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker’s stock worth $36,000 after buying an additional 741 shares during the period. Finally, Virtus Fund Advisers LLC purchased a new position in shares of Interface in the 4th quarter worth about $48,000. Hedge funds and other institutional investors 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.