Key Points
- Insider selling: VP James Poppens sold a total of 17,650 Interface shares across March 3–5 (10,000 at $29.42, 2,650 at $29.11 and 5,000 at $28.11), raising about $511,891.50 and reducing his stake to 111,846 shares (a 4.28% drop).
- Recent results and dividend: Interface beat EPS estimates ($0.49 vs. $0.40) while revenue slightly missed, and the company raised its quarterly dividend to $0.03 (annualized $0.12, yield ~0.4%).
- Market view: TILE traded down to $27.93 (down 0.7%), and analysts have a consensus rating of "Moderate Buy" with an average price target of $36.00.
Interface, Inc. (NASDAQ:TILE - Get Free Report) VP James Poppens sold 2,650 shares of Interface stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $29.11, for a total transaction of $77,141.50. Following the sale, the vice president directly owned 116,846 shares of the company's stock, valued at $3,401,387.06. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
James Poppens also recently made the following trade(s):
- On Thursday, March 5th, James Poppens sold 5,000 shares of Interface stock. The shares were sold at an average price of $28.11, for a total value of $140,550.00.
- On Tuesday, March 3rd, James Poppens sold 10,000 shares of Interface stock. The stock was sold at an average price of $29.42, for a total value of $294,200.00.
Interface Price Performance
Shares of TILE traded up $0.01 during midday trading on Friday, reaching $28.15. The stock had a trading volume of 230,772 shares, compared to its average volume of 389,358. The company has a current ratio of 2.34, a quick ratio of 1.18 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 0.94 and a beta of 1.87. The company's 50-day moving average is $31.18 and its 200 day moving average is $28.74. Interface, Inc. has a 12-month low of $17.24 and a 12-month high of $35.11.
Interface (NASDAQ:TILE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The textile maker reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.09. The company had revenue of $349.39 million for the quarter, compared to analysts' expectations of $350.54 million. Interface had a return on equity of 19.54% and a net margin of 8.37%.Interface's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. On average, equities analysts predict that Interface, Inc. will post 1.37 EPS for the current fiscal year.
Interface Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be paid a $0.03 dividend. This is a positive change from Interface's previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. Interface's dividend payout ratio is currently 4.08%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of TILE. Fuller & Thaler Asset Management Inc. raised its holdings in Interface by 133.9% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,008,260 shares of the textile maker's stock worth $56,071,000 after purchasing an additional 1,149,733 shares in the last quarter. UBS Group AG boosted its stake in shares of Interface by 413.8% during the 4th quarter. UBS Group AG now owns 499,035 shares of the textile maker's stock valued at $13,933,000 after purchasing an additional 401,912 shares in the last quarter. CX Institutional purchased a new position in shares of Interface during the third quarter valued at about $9,696,000. SG Capital Management LLC purchased a new position in shares of Interface during the third quarter valued at about $8,753,000. Finally, Balyasny Asset Management L.P. raised its stake in Interface by 273.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 386,828 shares of the textile maker's stock worth $10,800,000 after buying an additional 283,152 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have weighed in on TILE shares. Barrington Research boosted their price target on shares of Interface from $32.00 to $36.00 and gave the stock an "outperform" rating in a research note on Friday, January 23rd. Zacks Research downgraded Interface from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 30th. Weiss Ratings raised Interface from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 20th. Finally, Wall Street Zen lowered Interface from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 1st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $36.00.
Read Our Latest Analysis on TILE
Interface Company Profile
(
Get Free Report)
Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface's portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.
Founded in 1973 by Ray C.
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