Interface (NASDAQ:TILE) VP David Foshee Sells 28,451 Shares

Interface, Inc. (NASDAQ:TILEGet Free Report) VP David Foshee sold 28,451 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $35.99, for a total value of $1,023,951.49. Following the sale, the vice president owned 146,563 shares in the company, valued at approximately $5,274,802.37. The trade was a 16.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Interface Stock Down 1.9%

Interface stock opened at $33.85 on Friday. Interface, Inc. has a fifty-two week low of $24.40 and a fifty-two week high of $40.50. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 0.97 and a beta of 1.92. The stock’s fifty day moving average is $35.66 and its two-hundred day moving average is $31.30. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.35 and a current ratio of 2.53.

Interface (NASDAQ:TILEGet Free Report) last released its quarterly earnings results on Friday, August 7th. The textile maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.24. Interface had a return on equity of 21.77% and a net margin of 10.10%.The business had revenue of $395.70 million during the quarter, compared to the consensus estimate of $391.22 million. During the same quarter in the previous year, the company posted $0.60 EPS. The business’s revenue was up 5.4% on a year-over-year basis. Analysts predict that Interface, Inc. will post 2.36 EPS for the current fiscal year.

Interface Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, September 4th. This represents a $0.12 dividend on an annualized basis and a yield of 0.4%. Interface’s payout ratio is presently 4.86%.

Institutional Trading of Interface

A number of institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its holdings in Interface by 180.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 981 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 631 shares during the last quarter. Larson Financial Group LLC grew its stake in Interface by 114.6% during the third quarter. Larson Financial Group LLC now owns 1,176 shares of the textile maker’s stock worth $34,000 after buying an additional 628 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in Interface during the second quarter worth approximately $35,000. Allworth Financial LP purchased a new stake in Interface during the second quarter worth approximately $36,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Interface in the second quarter worth $39,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TILE shares. Weiss Ratings upgraded shares of Interface from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Benchmark initiated coverage on Interface in a research report on Tuesday, May 19th. They set a “buy” rating and a $36.00 price objective for the company. Barrington Research upped their target price on Interface from $36.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Zacks Research upgraded Interface from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. Finally, Wall Street Zen downgraded Interface from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $40.50.

Read Our Latest Stock Report on TILE

Interface Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Interface (NASDAQ:TILE)

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