Interface, Inc. (NASDAQ:TILE) VP Stansfield Nigel Sells 19,990 Shares of Stock

Interface, Inc. (NASDAQ:TILE) VP Stansfield Nigel sold 19,990 shares of Interface 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 completion of the transaction, the vice president now directly owns 181,855 shares in the company, valued at approximately $2,953,325.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Interface Stock Performance

Shares of TILE stock opened at $16.19 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 1.30. The company has a market cap of $942.26 million, a P/E ratio of 16.03, a P/E/G ratio of 1.10 and a beta of 1.99. Interface, Inc. has a one year low of $6.51 and a one year high of $18.47. The firm has a 50-day moving average of $15.94 and a 200-day moving average of $13.06.

Interface (NASDAQ:TILE) last issued its quarterly earnings data on Friday, May 3rd. The textile maker reported $0.24 EPS for the quarter, topping 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 company had revenue of $289.70 million during the quarter, compared to analyst estimates of $284.76 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. Interface’s revenue was down 2.1% on a year-over-year basis. Equities research analysts forecast that Interface, Inc. will post 1.05 EPS for the current fiscal year.

Interface Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Wednesday, March 27th. Interface’s payout ratio is currently 3.96%.

Hedge Funds Weigh In On Interface

Several large investors have recently modified their holdings of TILE. Vanguard Group Inc. raised its stake in 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 purchasing an additional 48,805 shares in the last quarter. Pzena Investment Management LLC raised its holdings in Interface by 65.2% in the 3rd quarter. Pzena Investment Management LLC now owns 3,614,372 shares of the textile maker’s stock worth $35,457,000 after purchasing an additional 1,426,749 shares during the period. Wellington Management Group LLP boosted its stake in shares of Interface by 0.5% in the fourth quarter. Wellington Management Group LLP now owns 2,508,961 shares of the textile maker’s stock worth $31,663,000 after acquiring an additional 12,847 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Interface by 112.4% in the 4th quarter. Pacer Advisors Inc. now owns 2,432,561 shares of the textile maker’s stock valued at $30,699,000 after buying an additional 1,287,420 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Interface by 7.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,275,194 shares of the textile maker’s stock valued at $28,714,000 after buying an additional 165,536 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Analyst Upgrades and Downgrades

TILE has been the topic of several analyst reports. Barrington Research upped their price target on shares of Interface from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Truist Financial raised their price objective on Interface from $10.00 to $14.00 and gave the company a “hold” rating in a research note on Wednesday, February 28th. Finally, TheStreet raised Interface from a “c” rating to a “b-” rating in a research note on Tuesday, February 27th.

About Interface

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.