Interface, Inc. (NASDAQ:TILE) VP Sells $398,647.25 in Stock

Interface, Inc. (NASDAQ:TILE) VP David B. Foshee sold 15,175 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $26.27, for a total value of $398,647.25. Following the completion of the sale, the vice president now owns 202,398 shares of the company’s stock, valued at approximately $5,316,995.46. The trade was a 6.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Interface Price Performance

Shares of NASDAQ:TILE traded up $0.48 during trading on Friday, hitting $26.52. 222,810 shares of the company’s stock were exchanged, compared to its average volume of 451,522. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. Interface, Inc. has a 52-week low of $10.75 and a 52-week high of $27.34. The business’s 50-day simple moving average is $22.05 and its 200 day simple moving average is $18.44. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 1.28 and a beta of 2.09.

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

Interface Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.15%. The ex-dividend date is Friday, November 29th. Interface’s payout ratio is 2.80%.

Institutional Investors Weigh In On Interface

Several institutional investors have recently modified their holdings of TILE. Hennessy Advisors Inc. bought a new stake in shares of Interface in the 2nd quarter valued at approximately $7,430,000. American Century Companies Inc. lifted its stake in shares of Interface by 22.3% in the 2nd quarter. American Century Companies Inc. now owns 1,563,447 shares of the textile maker’s stock valued at $22,951,000 after purchasing an additional 285,353 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Interface by 10.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,691,190 shares of the textile maker’s stock worth $39,507,000 after acquiring an additional 247,350 shares during the last quarter. Foundry Partners LLC purchased a new position in Interface during the 3rd quarter valued at $4,308,000. Finally, Barclays PLC grew its position in Interface by 688.5% in the 3rd quarter. Barclays PLC now owns 256,987 shares of the textile maker’s stock valued at $4,873,000 after acquiring an additional 224,395 shares during the last quarter. 98.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on TILE. StockNews.com cut Interface from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 4th. Barrington Research increased their target price on Interface from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st.

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.