Daniel T. Hendrix Sells 12,500 Shares of Interface, Inc. (NASDAQ:TILE) Stock

Interface, Inc. (NASDAQ:TILE - Get Free Report) Director Daniel T. Hendrix sold 12,500 shares of Interface stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $24.10, for a total transaction of $301,250.00. Following the completion of the transaction, the director now directly owns 116,147 shares of the company's stock, valued at $2,799,142.70. The trade was a 9.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Interface Price Performance

Shares of Interface stock traded up $0.28 during trading hours on Friday, reaching $24.24. 336,358 shares of the company's stock were exchanged, compared to its average volume of 349,529. The business has a fifty day moving average of $24.76 and a two-hundred day moving average of $19.89. The company has a market capitalization of $1.41 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 1.27 and a beta of 2.10. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. Interface, Inc. has a 1 year low of $11.48 and a 1 year high of $27.34.

Interface (NASDAQ:TILE - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The textile maker reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.14. The company had revenue of $344.30 million during the quarter, compared to the consensus estimate of $336.39 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. Interface's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. As a group, research analysts predict that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend was Friday, November 29th. Interface's dividend payout ratio (DPR) is currently 2.80%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barrington Research lifted their price target on shares of Interface from $26.00 to $30.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. StockNews.com lowered shares of Interface from a "strong-buy" rating to a "buy" rating in a research note on Monday, November 4th.

Institutional Trading of Interface

Hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. increased its position in Interface by 22.3% during the second quarter. American Century Companies Inc. now owns 1,563,447 shares of the textile maker's stock worth $22,951,000 after purchasing an additional 285,353 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Interface by 10.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,691,190 shares of the textile maker's stock worth $39,507,000 after buying an additional 247,350 shares during the last quarter. Foundry Partners LLC purchased a new stake in shares of Interface during the 3rd quarter valued at approximately $4,308,000. Barclays PLC lifted its holdings in Interface by 688.5% in the third quarter. Barclays PLC now owns 256,987 shares of the textile maker's stock valued at $4,873,000 after acquiring an additional 224,395 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new position in Interface in the third quarter worth approximately $4,206,000. 98.34% of the stock is owned by institutional investors and hedge funds.

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.