Interface, Inc. (NASDAQ:TILE – Get Free Report) Director Daniel Hendrix sold 4,000 shares of the firm’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $34.05, for a total value of $136,200.00. Following the completion of the transaction, the director directly owned 84,147 shares in the company, valued at $2,865,205.35. This trade represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Interface Stock Up 1.5%
Shares of TILE stock traded up $0.52 during trading hours on Tuesday, reaching $34.76. The company had a trading volume of 29,321 shares, compared to its average volume of 527,840. The company has a market capitalization of $2.02 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 0.97 and a beta of 1.92. 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, Inc. has a twelve month low of $24.40 and a twelve month high of $40.50. The stock’s fifty day simple moving average is $35.77 and its 200 day simple moving average is $31.46.
Interface (NASDAQ:TILE – Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The textile maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.24. Interface had a net margin of 10.10% and a return on equity of 21.77%. The company had revenue of $395.70 million during the quarter, compared to the consensus estimate of $391.22 million. During the same quarter last year, the company earned $0.60 earnings per share. Interface’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, sell-side analysts expect that Interface, Inc. will post 2.36 earnings per share for the current fiscal year.
Interface Dividend Announcement
Wall Street Analysts Forecast Growth
TILE has been the topic of several analyst reports. Weiss Ratings upgraded Interface from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. Wall Street Zen lowered shares of Interface from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. Barrington Research upped their price target on shares of Interface from $36.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, Zacks Research upgraded shares of Interface from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat, Interface has an average rating of “Buy” and an average target price of $40.50.
Check Out Our Latest Stock Analysis on TILE
Institutional Trading of Interface
A number of institutional investors have recently bought and sold shares of TILE. Reynders McVeigh Capital Management LLC raised its stake in shares of Interface by 11.4% during the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 489,736 shares of the textile maker’s stock worth $17,552,000 after purchasing an additional 50,054 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Interface in the second quarter valued at approximately $888,000. Nykredit A S bought a new stake in Interface in the second quarter worth approximately $47,000. Corient Private Wealth LP acquired a new position in shares of Interface during the 2nd quarter worth $319,000. Finally, Amundi raised its holdings in shares of Interface by 41.8% during the 2nd quarter. Amundi now owns 13,083 shares of the textile maker’s stock valued at $469,000 after purchasing an additional 3,858 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.
About Interface
Interface, Inc designs and manufactures modular flooring and interior solutions for commercial and residential spaces. Its product portfolio includes modular carpet tile, broadloom carpet, luxury vinyl tile, resilient flooring and rubber flooring, as well as acoustic products and related accessories. The company markets its offerings under brands that include Interface, FLOR and nora.
Interface serves customers in a range of industries, including corporate offices, hospitality, education, healthcare, retail and government.
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