Interface, Inc. (NASDAQ:TILE - Get Free Report) VP Stansfield Nigel sold 19,990 shares of the firm's stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $16.24, for a total transaction of $324,637.60. Following the sale, the vice president now directly owns 181,855 shares of the company's stock, valued at approximately $2,953,325.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Interface Trading Down 1.5 %
TILE stock opened at $16.19 on Wednesday. The firm has a fifty day moving average price of $15.94 and a 200 day moving average price of $13.06. Interface, Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $18.47. The firm has a market cap of $942.26 million, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.10 and a beta of 1.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.30 and a current ratio of 2.72.
Interface (NASDAQ:TILE - Get Free Report) last posted its quarterly earnings data on Friday, May 3rd. The textile maker reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.12. Interface had a return on equity of 16.94% and a net margin of 4.73%. The business had revenue of $289.70 million during the quarter, compared to analyst estimates of $284.76 million. During the same period last year, the company earned $0.07 EPS. The company's revenue for the quarter was down 2.1% on a year-over-year basis. Sell-side analysts anticipate that Interface, Inc. will post 1.05 earnings per share for the current fiscal year.
Interface Announces Dividend
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The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.04 annualized dividend and a dividend yield of 0.25%. Interface's dividend payout ratio (DPR) is 3.96%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Interface by 0.9% during the third quarter. Vanguard Group Inc. now owns 5,210,853 shares of the textile maker's stock valued at $51,118,000 after acquiring an additional 48,805 shares in the last quarter. Pzena Investment Management LLC raised its position in Interface by 65.2% during the 3rd quarter. Pzena Investment Management LLC now owns 3,614,372 shares of the textile maker's stock valued at $35,457,000 after purchasing an additional 1,426,749 shares in the last quarter. Wellington Management Group LLP raised its position in Interface by 0.5% during the 4th quarter. Wellington Management Group LLP now owns 2,508,961 shares of the textile maker's stock valued at $31,663,000 after purchasing an additional 12,847 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Interface by 112.4% in the 4th quarter. Pacer Advisors Inc. now owns 2,432,561 shares of the textile maker's stock worth $30,699,000 after buying an additional 1,287,420 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Interface by 7.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,275,194 shares of the textile maker's stock worth $28,714,000 after buying an additional 165,536 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. TheStreet raised shares of Interface from a "c" rating to a "b-" rating in a report on Tuesday, February 27th. Truist Financial raised their target price on Interface from $10.00 to $14.00 and gave the stock a "hold" rating in a research report on Wednesday, February 28th. Finally, Barrington Research upped their price objective on Interface from $20.00 to $22.00 and gave the stock an "outperform" rating in a research note on Friday, May 3rd.
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About Interface
(
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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.
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