Interface, Inc. (NASDAQ:TILE - Get Free Report) CEO Laurel Hurd sold 7,000 shares of the firm's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $39.09, for a total value of $273,630.00. Following the transaction, the chief executive officer owned 506,978 shares in the company, valued at $19,817,770.02. This trade represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Interface Stock Performance
Interface stock opened at $38.27 on Tuesday. The company has a market cap of $2.22 billion, a PE ratio of 15.49, a P/E/G ratio of 1.10 and a beta of 1.90. Interface, Inc. has a 12 month low of $24.40 and a 12 month high of $40.50. The company has a fifty day moving average price of $34.87 and a two-hundred day moving average price of $31.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.53 and a quick ratio of 1.35.
Interface (NASDAQ:TILE - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The textile maker reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.24. Interface had a net margin of 10.10% and a return on equity of 21.77%. The company had revenue of $395.70 million for the quarter, compared to the consensus estimate of $391.22 million. During the same period last year, the firm posted $0.60 EPS. The company's revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts expect that Interface, Inc. will post 2.36 earnings per share for the current year.
Interface Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Interface's dividend payout ratio (DPR) is currently 4.86%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Barrington Research upped their target price on Interface from $36.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, August 10th. Benchmark initiated coverage on Interface in a research note on Tuesday, May 19th. They set a "buy" rating and a $36.00 price objective for the company. Zacks Research cut Interface from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Wall Street Zen lowered shares of Interface from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 15th. Finally, Weiss Ratings upgraded shares of Interface from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Interface currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.50.
Get Our Latest Stock Report on Interface
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Westover Capital Advisors LLC acquired a new stake in Interface in the fourth quarter worth about $1,744,000. Northwestern Mutual Wealth Management Co. increased its stake in Interface by 2,333.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 280,986 shares of the textile maker's stock valued at $7,845,000 after buying an additional 269,439 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Interface during the 1st quarter worth about $3,257,000. Virtus Advisers LLC bought a new stake in shares of Interface during the 2nd quarter worth about $1,489,000. Finally, Aurora Investment Counsel acquired a new stake in shares of Interface in the 2nd quarter worth approximately $3,043,000. Institutional investors own 98.34% of the company's stock.
About Interface
(
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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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