Daniel T. Hendrix Sells 12,500 Shares of Interface, Inc. (NASDAQ:TILE) Stock

Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix sold 12,500 shares of the firm’s stock in a transaction 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 directly owns 116,147 shares of the company’s stock, valued at approximately $2,799,142.70. This trade represents a 9.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Interface Trading Up 1.2 %

Shares of TILE traded up $0.28 during midday trading on Friday, hitting $24.24. The stock had a trading volume of 327,611 shares, compared to its average volume of 335,414. 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 1 year low of $11.48 and a 1 year high of $27.34. The firm has a market cap of $1.41 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 1.27 and a beta of 2.09. The stock’s 50 day moving average is $24.64 and its 200 day moving average is $19.83.

Interface (NASDAQ:TILE) last issued its quarterly earnings results on Friday, November 1st. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.14. The firm had revenue of $344.30 million during the quarter, compared to analyst estimates of $336.39 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. Interface’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. As a group, analysts forecast that Interface, Inc. will post 1.37 EPS 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 paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.17%. The ex-dividend date of this dividend was Friday, November 29th. Interface’s dividend payout ratio is presently 2.80%.

Analyst Ratings Changes

TILE has been the subject of several research reports. Barrington Research increased their price objective on shares of Interface from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. StockNews.com cut Interface from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 4th.

Institutional Investors Weigh In On Interface

Large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its position in shares of Interface by 22.3% during the second quarter. American Century Companies Inc. now owns 1,563,447 shares of the textile maker’s stock worth $22,951,000 after acquiring an additional 285,353 shares during the period. Dimensional Fund Advisors LP grew its stake in Interface by 10.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,691,190 shares of the textile maker’s stock worth $39,507,000 after purchasing an additional 247,350 shares in the last quarter. Foundry Partners LLC purchased a new position in Interface during the 3rd quarter worth $4,308,000. Barclays PLC raised its position in Interface by 688.5% during the 3rd quarter. Barclays PLC now owns 256,987 shares of the textile maker’s stock valued at $4,873,000 after purchasing an additional 224,395 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new stake in shares of Interface in the 3rd quarter worth $4,206,000. 98.34% of the stock is owned by hedge funds and other institutional investors.

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.