Shares of Interface, Inc. (NASDAQ:TILE) have been assigned an average rating of “Hold” from the seven research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $19.00.

TILE has been the subject of a number of research analyst reports. Zacks Investment Research cut Interface from a “hold” rating to a “sell” rating in a report on Thursday, April 27th. ValuEngine upgraded Interface from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. BidaskClub upgraded Interface from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Stifel Nicolaus increased their price target on Interface from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Friday, April 28th.

Shares of Interface (NASDAQ:TILE) traded up 0.52% during midday trading on Tuesday, reaching $19.15. 243,413 shares of the company’s stock traded hands. Interface has a one year low of $14.59 and a one year high of $21.05. The company has a 50-day moving average of $18.96 and a 200-day moving average of $19.17. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 24.65 and a beta of 1.20.

Interface (NASDAQ:TILE) last released its quarterly earnings results on Wednesday, July 26th. The textile maker reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $251.70 million during the quarter, compared to analysts’ expectations of $254.94 million. Interface had a return on equity of 19.66% and a net margin of 5.21%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 EPS. Equities research analysts anticipate that Interface will post $1.14 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be issued a dividend of $0.065 per share. The ex-dividend date is Wednesday, August 9th. This is a boost from Interface’s previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.36%. Interface’s dividend payout ratio is currently 33.33%.

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In related news, Director Daniel T. Hendrix sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $19.11, for a total transaction of $114,660.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert Coombs sold 12,000 shares of the firm’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $20.40, for a total value of $244,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,000 shares of company stock valued at $696,250. Company insiders own 1.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can boosted its position in shares of Interface by 38.9% in the first quarter. Bank of Montreal Can now owns 155,822 shares of the textile maker’s stock worth $2,968,000 after buying an additional 43,673 shares during the period. BlackRock Inc. boosted its position in shares of Interface by 144,783.3% in the first quarter. BlackRock Inc. now owns 7,815,006 shares of the textile maker’s stock worth $148,876,000 after buying an additional 7,809,612 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Interface during the first quarter worth approximately $4,913,000. Arizona State Retirement System boosted its position in shares of Interface by 0.3% in the first quarter. Arizona State Retirement System now owns 33,453 shares of the textile maker’s stock worth $637,000 after buying an additional 100 shares during the period. Finally, Peregrine Capital Management LLC boosted its position in shares of Interface by 2.0% in the second quarter. Peregrine Capital Management LLC now owns 547,281 shares of the textile maker’s stock worth $10,754,000 after buying an additional 10,950 shares during the period. Institutional investors own 91.04% of the company’s stock.

About Interface

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.

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