Key Points
- Interface CEO Laurel Hurd sold 7,000 shares at an average price of $36.42, generating $254,940. Following the transaction, she retained 492,978 shares valued at approximately $17.95 million.
- Interface reported quarterly earnings of $0.88 per share, beating the $0.64 analyst consensus, while revenue rose 5.4% year over year to $395.7 million.
- Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $40.50; the stock recently traded near $36.51 and has a 12-month range of $24.40 to $40.50.
Interface, Inc. (NASDAQ:TILE - Get Free Report) CEO Laurel Hurd sold 7,000 shares of Interface stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $36.42, for a total transaction of $254,940.00. Following the completion of the transaction, the chief executive officer owned 492,978 shares of the company's stock, valued at $17,954,258.76. The trade was a 1.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Laurel Hurd also recently made the following trade(s):
- On Thursday, September 24th, Laurel Hurd sold 7,000 shares of Interface stock. The shares were sold at an average price of $34.99, for a total transaction of $244,930.00.
- On Monday, August 24th, Laurel Hurd sold 7,000 shares of Interface stock. The shares were sold at an average price of $39.09, for a total transaction of $273,630.00.
Interface Stock Performance
Shares of TILE stock opened at $36.51 on Wednesday. The firm's 50 day moving average is $35.94 and its 200 day moving average is $32.04. Interface, Inc. has a 12 month low of $24.40 and a 12 month high of $40.50.
Interface (NASDAQ:TILE - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The textile maker reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.24. The business had revenue of $395.70 million during the quarter, compared to analysts' expectations of $391.22 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The firm's quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts predict that Interface, Inc. will post 2.36 earnings per share for the current year.
Interface Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, September 4th.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Allworth Financial LP bought a new position in shares of Interface in the second quarter worth $36,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Interface in the second quarter worth $39,000. Farther Finance Advisors LLC boosted its stake in Interface by 39.1% during the third quarter. Farther Finance Advisors LLC now owns 1,271 shares of the textile maker's stock valued at $44,000 after buying an additional 357 shares during the period. Nykredit A S bought a new stake in Interface during the second quarter valued at $47,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Interface by 60.7% during the first quarter. EverSource Wealth Advisors LLC now owns 2,472 shares of the textile maker's stock valued at $62,000 after buying an additional 934 shares during the period. 98.34% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts recently issued reports on TILE shares. Barrington Research boosted their price objective on Interface from $36.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. Zacks Research downgraded Interface from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 9th. Wall Street Zen downgraded Interface from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 15th. Finally, Weiss Ratings raised Interface from a "buy (b)" rating to a "buy (b+)" rating in a report on Monday, October 12th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $40.50.
Get Our Latest Stock Analysis on TILE
Interface Company Profile
(
Get Free Report)
Interface, Inc designs and manufactures modular flooring products for commercial, institutional and residential interiors. Its portfolio includes carpet tile, broadloom carpet and resilient flooring, including luxury vinyl tile. The company serves markets such as corporate offices, hospitality, education, healthcare and retail.
Founded in 1973 by Ray Anderson, Interface is headquartered in Atlanta, Georgia, and sells its products through a global network serving customers in North America, Europe and the Asia-Pacific region.
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