Interface, Inc. (NASDAQ:TILE) Director Sells $301,250.00 in Stock

Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix sold 12,500 shares of Interface 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 completion of the transaction, the director now 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 SEC, which is accessible through this link.

Interface Trading Up 1.2 %

NASDAQ:TILE opened at $24.24 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. Interface, Inc. has a 1 year low of $11.48 and a 1 year high of $27.34. The stock has a market cap of $1.41 billion, a P/E ratio of 16.95, a P/E/G ratio of 1.27 and a beta of 2.10. The stock has a 50-day simple moving average of $24.76 and a 200-day simple moving average of $19.92.

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

Interface Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.01 dividend. 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 (DPR) is presently 2.80%.

Wall Street Analyst Weigh In

TILE has been the subject of several research reports. StockNews.com downgraded shares of 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 note on Wednesday, December 11th.

Hedge Funds Weigh In On Interface

Several hedge funds have recently made changes to their positions in TILE. Quarry LP lifted its holdings in shares of Interface by 499.5% in the 3rd quarter. Quarry LP now owns 2,476 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 2,063 shares during the last quarter. National Bank of Canada FI lifted its stake in Interface by 33.7% in the third quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker’s stock valued at $64,000 after buying an additional 856 shares during the last quarter. KBC Group NV boosted its holdings in shares of Interface by 70.7% in the third quarter. KBC Group NV now owns 3,472 shares of the textile maker’s stock valued at $66,000 after acquiring an additional 1,438 shares during the period. nVerses Capital LLC purchased a new position in shares of Interface during the third quarter worth approximately $70,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Interface in the 2nd quarter valued at $91,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

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.