Insider Selling: Interface Inc. (TILE) CEO Sells $48,000.00 in Stock
Interface Inc. (NASDAQ:TILE) CEO Daniel T. Hendrix sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $16.00, for a total transaction of $48,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Daniel T. Hendrix also recently made the following trade(s):
- On Monday, October 3rd, Daniel T. Hendrix sold 3,000 shares of Interface stock. The shares were sold at an average price of $16.40, for a total transaction of $49,200.00.
- On Thursday, September 1st, Daniel T. Hendrix sold 3,000 shares of Interface stock. The shares were sold at an average price of $17.70, for a total transaction of $53,100.00.
Interface Inc. (NASDAQ:TILE) opened at 16.95 on Friday. The firm has a market cap of $1.10 billion, a PE ratio of 16.38 and a beta of 1.28. Interface Inc. has a 1-year low of $13.70 and a 1-year high of $20.93. The firm’s 50-day moving average is $16.30 and its 200 day moving average is $16.62.
Interface (NASDAQ:TILE) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The business earned $248.30 million during the quarter, compared to the consensus estimate of $251.55 million. Interface had a net margin of 7.01% and a return on equity of 18.80%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. On average, equities analysts forecast that Interface Inc. will post $1.01 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Friday, November 11th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.42%. The ex-dividend date is Tuesday, November 8th. Interface’s dividend payout ratio (DPR) is presently 22.86%.
Several analysts recently weighed in on TILE shares. Seaport Global Securities started coverage on shares of Interface in a research report on Friday, November 4th. They issued a “buy” rating and a $18.00 price objective on the stock. Zacks Investment Research raised shares of Interface from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Wednesday, August 3rd. Three analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $18.50.
A number of large investors have recently made changes to their positions in TILE. BlackRock Fund Advisors raised its stake in shares of Interface by 7.4% in the third quarter. BlackRock Fund Advisors now owns 4,425,439 shares of the company’s stock valued at $73,861,000 after buying an additional 304,667 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Interface by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,283,747 shares of the company’s stock valued at $34,827,000 after buying an additional 63,487 shares during the period. Westwood Holdings Group Inc. acquired a new stake in shares of Interface during the second quarter valued at about $31,942,000. FMR LLC raised its stake in shares of Interface by 19.3% in the second quarter. FMR LLC now owns 1,957,332 shares of the company’s stock valued at $29,849,000 after buying an additional 317,200 shares during the period. Finally, Schroder Investment Management Group raised its stake in shares of Interface by 2.0% in the third quarter. Schroder Investment Management Group now owns 1,887,001 shares of the company’s stock valued at $31,494,000 after buying an additional 37,034 shares during the period. 93.93% of the stock is currently owned by hedge funds and other institutional investors.
Interface Inc is engaged in design, production and sales of modular carpet, also known as carpet tile across the world. The Company markets its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company distributes its product through approximately two primary channels, including direct sales to end users and indirect sales through independent contractors or distributors.
Receive News & Stock Ratings for Interface Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interface Inc. and related stocks with our FREE daily email newsletter.