Interface, Inc. (NASDAQ:TILE – Get Free Report) VP David Foshee sold 44,393 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $29.00, for a total transaction of $1,287,397.00. Following the completion of the transaction, the vice president directly owned 175,014 shares in the company, valued at $5,075,406. This trade represents a 20.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Interface Stock Up 2.9%
Shares of NASDAQ TILE traded up $0.81 during mid-day trading on Wednesday, reaching $28.18. The company had a trading volume of 154,069 shares, compared to its average volume of 526,367. Interface, Inc. has a twelve month low of $18.74 and a twelve month high of $35.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 2.43. The stock has a market capitalization of $1.63 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 0.90 and a beta of 1.92. The stock’s 50 day moving average is $26.99 and its 200-day moving average is $28.51.
Interface (NASDAQ:TILE – Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The textile maker reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.08. Interface had a net margin of 8.92% and a return on equity of 20.09%. The business had revenue of $331.04 million for the quarter, compared to the consensus estimate of $320.38 million. During the same period in the prior year, the business posted $0.25 earnings per share. Interface’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities analysts anticipate that Interface, Inc. will post 2.11 earnings per share for the current fiscal year.
Interface Announces Dividend
Analysts Set New Price Targets
TILE has been the topic of several research analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $36.00 price target on shares of Interface in a research report on Friday, April 17th. Wall Street Zen raised Interface from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings raised Interface from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Finally, Benchmark initiated coverage on Interface in a research report on Tuesday. They issued a “buy” rating and a $36.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.00.
Get Our Latest Stock Report on Interface
Institutional Trading of Interface
A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in Interface by 8.4% during the 1st quarter. Royal Bank of Canada now owns 19,657 shares of the textile maker’s stock worth $390,000 after buying an additional 1,522 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Interface by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,118 shares of the textile maker’s stock valued at $677,000 after purchasing an additional 1,485 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Interface by 5.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 748,701 shares of the textile maker’s stock valued at $14,854,000 after purchasing an additional 42,011 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Interface by 6.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 151,950 shares of the textile maker’s stock valued at $3,015,000 after purchasing an additional 9,580 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Interface by 24.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 201,630 shares of the textile maker’s stock valued at $4,220,000 after purchasing an additional 39,941 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.
About Interface
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.
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