Stansfield Nigel Sells 17,500 Shares of Interface, Inc. (NASDAQ:TILE) Stock

Interface, Inc. (NASDAQ:TILE) VP Stansfield Nigel sold 17,500 shares of Interface stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $16.44, for a total value of $287,700.00. Following the sale, the vice president now owns 164,355 shares in the company, valued at approximately $2,701,996.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Interface Stock Performance

Interface stock traded down $0.12 during mid-day trading on Friday, reaching $16.35. 19,427 shares of the company were exchanged, compared to its average volume of 409,293. The firm has a market cap of $952.27 million, a PE ratio of 16.31, a price-to-earnings-growth ratio of 0.93 and a beta of 2.00. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.30 and a current ratio of 2.72. The firm’s 50-day simple moving average is $15.59 and its two-hundred day simple moving average is $15.24. Interface, Inc. has a twelve month low of $8.26 and a twelve month high of $18.47.

Interface (NASDAQ:TILE) last posted its quarterly earnings data on Friday, August 2nd. The textile maker reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12. The firm had revenue of $346.60 million for the quarter, compared to analyst estimates of $340.21 million. Interface had a net margin of 4.73% and a return on equity of 16.94%. Interface’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm posted $0.25 EPS. Equities analysts predict that Interface, Inc. will post 1.18 earnings per share for the current fiscal year.

Interface Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a dividend of $0.01 per share. The ex-dividend date was Friday, May 31st. This represents a $0.04 annualized dividend and a yield of 0.24%. Interface’s dividend payout ratio is currently 3.96%.

Institutional Investors Weigh In On Interface

A number of institutional investors have recently added to or reduced their stakes in the business. Innealta Capital LLC purchased a new stake in shares of Interface during the 2nd quarter worth $32,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Interface in the first quarter valued at about $57,000. GAMMA Investing LLC grew its position in Interface by 131.1% during the first quarter. GAMMA Investing LLC now owns 3,943 shares of the textile maker’s stock worth $66,000 after buying an additional 2,237 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in Interface in the second quarter valued at about $91,000. Finally, SG Americas Securities LLC purchased a new position in Interface in the first quarter valued at about $110,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. StockNews.com raised Interface from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Barrington Research reaffirmed an “outperform” rating and issued a $22.00 target price on shares of Interface in a report on Friday, August 2nd.

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.