Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix Sells 7,500 Shares

Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix sold 7,500 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $19.95, for a total value of $149,625.00. Following the completion of the sale, the director now owns 96,147 shares in the company, valued at approximately $1,918,132.65. This trade represents a 7.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Interface Stock Performance

Shares of NASDAQ:TILE opened at $18.90 on Wednesday. The company’s 50 day simple moving average is $23.18 and its 200 day simple moving average is $22.02. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 0.96 and a beta of 2.10. Interface, Inc. has a 1 year low of $14.13 and a 1 year high of $27.34. 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 (NASDAQ:TILE) last announced its quarterly earnings results on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The company had revenue of $335.00 million during the quarter, compared to analysts’ expectations of $340.51 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. Interface’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. As a group, research analysts predict that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TILE. Barrington Research restated an “outperform” rating and set a $30.00 price objective on shares of Interface in a research report on Tuesday, February 25th. StockNews.com cut Interface from a “strong-buy” rating to a “buy” rating in a report on Tuesday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning grew its holdings in Interface by 24.7% during the third quarter. Creative Planning now owns 22,720 shares of the textile maker’s stock worth $431,000 after buying an additional 4,496 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in Interface by 1.6% in the 3rd quarter. New York State Teachers Retirement System now owns 115,339 shares of the textile maker’s stock worth $2,188,000 after buying an additional 1,767 shares during the period. Farther Finance Advisors LLC grew its position in shares of Interface by 1,348.0% in the third quarter. Farther Finance Advisors LLC now owns 6,241 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 5,810 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Interface by 5.8% in the third quarter. Principal Financial Group Inc. now owns 304,050 shares of the textile maker’s stock worth $5,768,000 after buying an additional 16,624 shares in the last quarter. Finally, Privium Fund Management B.V. purchased a new stake in shares of Interface in the third quarter worth $508,000. 98.34% of the stock is owned by 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.