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

Interface, Inc. (NASDAQ:TILE) VP Stansfield Nigel sold 19,990 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $16.24, for a total value of $324,637.60. Following the completion of the sale, the vice president now directly owns 181,855 shares in the company, valued at approximately $2,953,325.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Interface Trading Down 0.3 %

Shares of Interface stock opened at $15.91 on Friday. Interface, Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $18.47. The business’s fifty day moving average is $15.95 and its two-hundred day moving average is $13.10. The company has a quick ratio of 1.30, a current ratio of 2.72 and a debt-to-equity ratio of 0.89. The firm has a market cap of $925.98 million, a PE ratio of 15.75, a P/E/G ratio of 1.10 and a beta of 1.99.

Interface (NASDAQ:TILE) last released its earnings results on Friday, May 3rd. The textile maker reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.12. The firm had revenue of $289.70 million for the quarter, compared to the consensus estimate of $284.76 million. Interface had a return on equity of 16.94% and a net margin of 4.73%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 earnings per share. Analysts anticipate that Interface, Inc. will post 1.05 earnings per share for the current year.

Interface Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TILE shares. TheStreet upgraded Interface from a “c” rating to a “b-” rating in a research report on Tuesday, February 27th. Truist Financial upped their target price on shares of Interface from $10.00 to $14.00 and gave the company a “hold” rating in a report on Wednesday, February 28th. Finally, Barrington Research raised their price target on shares of Interface from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd.

Hedge Funds Weigh In On Interface

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Interface by 0.9% in the 3rd 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 during the last quarter. Pzena Investment Management LLC boosted its holdings in Interface by 65.2% in the third quarter. Pzena Investment Management LLC now owns 3,614,372 shares of the textile maker’s stock valued at $35,457,000 after acquiring an additional 1,426,749 shares during the last quarter. Wellington Management Group LLP grew its position in Interface by 0.5% during the fourth quarter. Wellington Management Group LLP now owns 2,508,961 shares of the textile maker’s stock valued at $31,663,000 after acquiring an additional 12,847 shares during the period. Pacer Advisors Inc. increased its stake in Interface by 112.4% during the fourth quarter. Pacer Advisors Inc. now owns 2,432,561 shares of the textile maker’s stock worth $30,699,000 after acquiring an additional 1,287,420 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Interface by 7.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,275,194 shares of the textile maker’s stock worth $28,714,000 after purchasing an additional 165,536 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

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.