Interface (NASDAQ:TILE) Director Daniel Hendrix Sells 8,000 Shares of Stock

Interface, Inc. (NASDAQ:TILE) Director Daniel Hendrix sold 8,000 shares of Interface stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $37.13, for a total value of $297,040.00. Following the completion of the transaction, the director owned 88,147 shares of the company’s stock, valued at approximately $3,272,898.11. The trade was a 8.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Interface Price Performance

Shares of NASDAQ TILE opened at $37.24 on Friday. The company has a current ratio of 2.53, a quick ratio of 1.35 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 1.03 and a beta of 1.92. Interface, Inc. has a twelve month low of $24.40 and a twelve month high of $40.50. The business has a 50 day simple moving average of $35.71 and a 200-day simple moving average of $31.26.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Friday, August 7th. The textile maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.24. Interface had a return on equity of 21.77% and a net margin of 10.10%.The firm had revenue of $395.70 million for the quarter, compared to analysts’ expectations of $391.22 million. During the same period last year, the business posted $0.60 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts expect that Interface, Inc. will post 2.36 earnings per share for the current year.

Interface Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Interface’s dividend payout ratio is currently 4.86%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Benchmark assumed coverage on Interface in a report on Tuesday, May 19th. They set a “buy” rating and a $36.00 target price for the company. Wall Street Zen lowered Interface from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Barrington Research boosted their price target on shares of Interface from $36.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Zacks Research raised shares of Interface from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. Finally, Weiss Ratings raised shares of Interface from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $40.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CIBC Private Wealth Group LLC boosted its position in shares of Interface by 180.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 981 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 631 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Interface by 114.6% during the third quarter. Larson Financial Group LLC now owns 1,176 shares of the textile maker’s stock worth $34,000 after purchasing an additional 628 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in Interface during the 2nd quarter worth $35,000. Allworth Financial LP bought a new position in Interface during the second quarter worth about $36,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Interface in the second quarter worth about $39,000. 98.34% of the stock is owned by institutional investors.

Interface Company Profile

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.