Interface Inc. (TILE) Insider Raymond S. Willoch Sells 725 Shares
Interface Inc. (NASDAQ:TILE) insider Raymond S. Willoch sold 725 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $18.20, for a total transaction of $13,195.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Interface Inc. (NASDAQ:TILE) traded down 0.519% during mid-day trading on Tuesday, hitting $18.205. 232,077 shares of the stock traded hands. Interface Inc. has a one year low of $13.70 and a one year high of $20.67. The firm has a market capitalization of $1.18 billion, a P/E ratio of 17.589 and a beta of 1.28. The company’s 50 day moving average is $16.57 and its 200 day moving average is $16.64.
Interface (NASDAQ:TILE) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.07. The company 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%. Interface’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. On average, equities analysts expect that Interface Inc. will post $1.01 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Friday, November 11th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Tuesday, November 8th. Interface’s payout ratio is presently 22.86%.
Institutional investors have recently modified their holdings of the stock. PineBridge Investments L.P. raised its position in Interface by 3.2% in the second quarter. PineBridge Investments L.P. now owns 8,303 shares of the company’s stock worth $127,000 after buying an additional 254 shares in the last quarter. First Mercantile Trust Co. raised its position in Interface by 69.5% in the third quarter. First Mercantile Trust Co. now owns 7,886 shares of the company’s stock worth $132,000 after buying an additional 3,234 shares in the last quarter. Teacher Retirement System of Texas raised its position in Interface by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 9,239 shares of the company’s stock worth $141,000 after buying an additional 1,118 shares in the last quarter. BlackRock Inc. raised its position in Interface by 116.0% in the third quarter. BlackRock Inc. now owns 9,761 shares of the company’s stock worth $163,000 after buying an additional 5,243 shares in the last quarter. Finally, Profund Advisors LLC acquired a new position in Interface during the third quarter worth approximately $168,000. 90.72% of the stock is currently owned by institutional investors.
Several research analysts have recently issued reports on TILE shares. Zacks Investment Research downgraded shares of Interface from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 29th. Seaport Global Securities started coverage on shares of Interface in a research report on Friday, November 4th. They set a “buy” rating and a $18.00 target price on the stock. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Interface has a consensus rating of “Hold” and a consensus target price of $18.50.
Interface Company Profile
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.
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