Interface (NASDAQ:TILE) VP Sells $140,550.00 in Stock

Interface, Inc. (NASDAQ:TILE) VP James Poppens sold 5,000 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $28.11, for a total value of $140,550.00. Following the sale, the vice president owned 111,846 shares of the company’s stock, valued at approximately $3,143,991.06. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

James Poppens also recently made the following trade(s):

• On Wednesday, March 4th, James Poppens sold 2,650 shares of Interface stock. The stock was sold at an average price of $29.11, for a total transaction of $77,141.50.
• On Tuesday, March 3rd, James Poppens sold 10,000 shares of Interface stock. The stock was sold at an average price of $29.42, for a total transaction of $294,200.00.

Interface Stock Performance

NASDAQ:TILE traded down $0.86 during trading on Thursday, reaching $28.14. The company’s stock had a trading volume of 402,496 shares, compared to its average volume of 393,172. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 0.96 and a beta of 1.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.18 and a current ratio of 2.34. Interface, Inc. has a 12 month low of $17.24 and a 12 month high of $35.11. The firm has a 50 day moving average of $31.19 and a 200-day moving average of $28.75.

Interface (NASDAQ:TILE) last released its quarterly earnings data on Tuesday, February 24th. The textile maker reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. Interface had a net margin of 8.37% and a return on equity of 19.54%. The business had revenue of $349.39 million during the quarter, compared to analyst estimates of $350.54 million. During the same period in the previous year, the business earned $0.34 EPS. Interface’s revenue was up 4.3% compared to the same quarter last year. Research analysts expect that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, March 27th. This is an increase from Interface’s previous quarterly dividend of $0.02. Interface’s dividend payout ratio is currently 4.08%.

Hedge Funds Weigh In On Interface

Several hedge funds have recently modified their holdings of the stock. CIBC Private Wealth Group LLC boosted its holdings in shares of Interface by 180.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 981 shares of the textile maker’s stock valued at $27,000 after buying an additional 631 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of Interface in the 3rd quarter worth approximately $32,000. Blue Trust Inc. purchased a new position in Interface during the 3rd quarter valued at about $34,000. Larson Financial Group LLC lifted its position in shares of Interface by 114.6% in the third quarter. Larson Financial Group LLC now owns 1,176 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 628 shares in the last quarter. Finally, Wexford Capital LP purchased a new position in shares of Interface during the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TILE shares. Zacks Research downgraded shares of Interface from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Wall Street Zen cut Interface from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Weiss Ratings raised shares of Interface from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Finally, Barrington Research raised their price objective on shares of Interface from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.00.

Interface Company Profile

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.