Daniel T. Hendrix Sells 1,400 Shares of Interface, Inc. (NASDAQ:TILE) Stock

Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix sold 1,400 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $17.51, for a total transaction of $24,514.00. Following the sale, the director now owns 212,247 shares of the company’s stock, valued at approximately $3,716,444.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Interface Stock Performance

Shares of NASDAQ TILE traded down $0.30 during trading on Monday, reaching $17.10. 185,764 shares of the stock traded hands, compared to its average volume of 403,962. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 1.30. The stock has a market capitalization of $995.90 million, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 0.98 and a beta of 2.01. Interface, Inc. has a 52-week low of $8.26 and a 52-week high of $18.47. The company has a 50-day moving average of $15.37 and a 200-day moving average of $14.97.

Interface (NASDAQ:TILE) last posted its quarterly earnings results on Friday, May 3rd. The textile maker reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.12. The company had revenue of $289.70 million for the quarter, compared to analyst estimates of $284.76 million. Interface had a net margin of 4.73% and a return on equity of 16.94%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Analysts forecast that Interface, Inc. will post 1.18 EPS for the current fiscal year.

Interface Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.23%. Interface’s dividend payout ratio (DPR) is 3.96%.

Analyst Ratings Changes

Separately, Barrington Research reissued an “outperform” rating and set a $22.00 target price on shares of Interface in a research report on Monday, June 17th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TILE. Vanguard Group Inc. lifted its stake in Interface by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 5,210,853 shares of the textile maker’s stock worth $51,118,000 after purchasing an additional 48,805 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of Interface by 4.7% during the 4th quarter. New York State Teachers Retirement System now owns 120,969 shares of the textile maker’s stock valued at $1,527,000 after acquiring an additional 5,441 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Interface during the 4th quarter valued at about $367,000. Mackenzie Financial Corp grew its holdings in shares of Interface by 56.1% during the fourth quarter. Mackenzie Financial Corp now owns 35,761 shares of the textile maker’s stock worth $451,000 after purchasing an additional 12,859 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Interface by 21.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,465 shares of the textile maker’s stock worth $233,000 after purchasing an additional 3,230 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Interface Company Profile

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.