Insider Selling: Interface, Inc. (NASDAQ:TILE) Director Sells 27,000 Shares of Stock

Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix sold 27,000 shares of Interface stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $22.95, for a total value of $619,650.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Daniel T. Hendrix also recently made the following trade(s):

  • On Wednesday, September 27th, Daniel T. Hendrix sold 500 shares of Interface stock. The shares were sold at an average price of $22.08, for a total transaction of $11,040.00.
  • On Thursday, September 28th, Daniel T. Hendrix sold 9,700 shares of Interface stock. The shares were sold at an average price of $22.05, for a total transaction of $213,885.00.
  • On Tuesday, September 26th, Daniel T. Hendrix sold 300 shares of Interface stock. The shares were sold at an average price of $22.05, for a total transaction of $6,615.00.
  • On Friday, September 22nd, Daniel T. Hendrix sold 5,000 shares of Interface stock. The shares were sold at an average price of $21.45, for a total transaction of $107,250.00.
  • On Friday, September 15th, Daniel T. Hendrix sold 6,000 shares of Interface stock. The shares were sold at an average price of $19.95, for a total transaction of $119,700.00.
  • On Tuesday, August 15th, Daniel T. Hendrix sold 6,000 shares of Interface stock. The shares were sold at an average price of $19.11, for a total transaction of $114,660.00.

Interface, Inc. (NASDAQ TILE) traded up $0.15 during midday trading on Tuesday, reaching $23.20. The company’s stock had a trading volume of 787,000 shares, compared to its average volume of 436,689. The firm has a market cap of $1,418.94, a P/E ratio of 20.22 and a beta of 1.32. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.51. Interface, Inc. has a 52 week low of $16.80 and a 52 week high of $23.85.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Wednesday, October 25th. The textile maker reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. Interface had a return on equity of 21.39% and a net margin of 5.53%. The business had revenue of $257.43 million during the quarter, compared to the consensus estimate of $255.63 million. During the same period in the previous year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. sell-side analysts anticipate that Interface, Inc. will post 1.15 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, November 9th. Interface’s dividend payout ratio is presently 30.59%.

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Several institutional investors have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan grew its position in shares of Interface by 0.9% during the first quarter. Municipal Employees Retirement System of Michigan now owns 19,120 shares of the textile maker’s stock worth $364,000 after buying an additional 170 shares in the last quarter. Federated Investors Inc. PA grew its position in shares of Interface by 1.2% during the second quarter. Federated Investors Inc. PA now owns 50,004 shares of the textile maker’s stock worth $983,000 after buying an additional 600 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Interface by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,846 shares of the textile maker’s stock worth $154,000 after buying an additional 1,175 shares in the last quarter. Teachers Advisors LLC grew its position in shares of Interface by 1.2% during the first quarter. Teachers Advisors LLC now owns 113,338 shares of the textile maker’s stock worth $2,159,000 after buying an additional 1,309 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of Interface by 9.3% during the second quarter. UBS Asset Management Americas Inc. now owns 22,185 shares of the textile maker’s stock worth $436,000 after buying an additional 1,880 shares in the last quarter. 92.88% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on TILE. ValuEngine lowered shares of Interface from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.00 target price on shares of Interface in a research report on Friday, July 28th. BidaskClub downgraded Interface from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Nomura lifted their target price on Interface from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research raised Interface from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Saturday, October 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $23.50.

Interface Company Profile

Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.

Insider Buying and Selling by Quarter for Interface (NASDAQ:TILE)

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