Interface, Inc. (NASDAQ:TILE) CFO Bruce Andrew Hausmann Sells 30,000 Shares of Stock

Interface, Inc. (NASDAQ:TILE - Get Free Report) CFO Bruce Andrew Hausmann sold 30,000 shares of Interface stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $25.50, for a total transaction of $765,000.00. Following the transaction, the chief financial officer now directly owns 168,475 shares of the company's stock, valued at $4,296,112.50. This represents a 15.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Interface Trading Up 1.0 %

NASDAQ:TILE traded up $0.25 during midday trading on Friday, reaching $25.46. 385,796 shares of the stock traded hands, compared to its average volume of 453,362. The company has a fifty day moving average of $20.51 and a 200 day moving average of $17.72. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57. The stock has a market capitalization of $1.48 billion, a P/E ratio of 17.63, a PEG ratio of 1.21 and a beta of 1.97. Interface, Inc. has a 12 month low of $9.87 and a 12 month high of $26.11.

Interface (NASDAQ:TILE - Get Free Report) last issued its earnings results on Friday, November 1st. The textile maker reported $0.48 EPS for the quarter, beating the consensus estimate of $0.34 by $0.14. Interface had a return on equity of 19.91% and a net margin of 6.49%. The business had revenue of $344.30 million for the quarter, compared to the consensus estimate of $336.39 million. During the same period last year, the business posted $0.28 EPS. The company's revenue was up 10.7% compared to the same quarter last year. On average, research analysts predict that Interface, Inc. will post 1.37 EPS for the current year.

Interface Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.01 per share. The ex-dividend date is Friday, November 29th. This represents a $0.04 annualized dividend and a yield of 0.16%. Interface's dividend payout ratio (DPR) is presently 2.80%.

Hedge Funds Weigh In On Interface

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC raised its position in Interface by 1,195.5% in the second quarter. SG Americas Securities LLC now owns 84,647 shares of the textile maker's stock valued at $1,243,000 after purchasing an additional 78,113 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Interface in the third quarter valued at approximately $790,000. Renaissance Technologies LLC increased its stake in Interface by 11.0% in the second quarter. Renaissance Technologies LLC now owns 345,400 shares of the textile maker's stock valued at $5,070,000 after purchasing an additional 34,200 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of Interface by 46.5% in the second quarter. First Eagle Investment Management LLC now owns 176,617 shares of the textile maker's stock valued at $2,593,000 after buying an additional 56,093 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Interface by 107.2% in the 2nd quarter. Victory Capital Management Inc. now owns 182,620 shares of the textile maker's stock worth $2,681,000 after purchasing an additional 94,499 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TILE. Barrington Research boosted their target price on Interface from $22.00 to $26.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. StockNews.com cut Interface from a "strong-buy" rating to a "buy" rating in a research note on Monday, November 4th.

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.

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