Insider Selling: Interface, Inc. (NASDAQ:TILE) Director Sells 7,500 Shares of Stock

Interface, Inc. (NASDAQ:TILE - Get Free Report) Director Daniel T. Hendrix sold 7,500 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $19.95, for a total transaction of $149,625.00. Following the completion of the transaction, the director now directly owns 96,147 shares of the company's stock, valued at approximately $1,918,132.65. This represents a 7.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Interface Trading Down 0.4 %

Shares of TILE traded down $0.07 during mid-day trading on Friday, reaching $18.26. The company's stock had a trading volume of 582,341 shares, compared to its average volume of 486,417. The stock has a market cap of $1.06 billion, a PE ratio of 12.77, a P/E/G ratio of 0.96 and a beta of 2.18. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66. Interface, Inc. has a 52 week low of $14.13 and a 52 week high of $27.34. The company's fifty day moving average price is $22.78 and its two-hundred day moving average price is $21.97.

Interface (NASDAQ:TILE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The textile maker reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. Interface had a net margin of 6.49% and a return on equity of 19.91%. The firm had revenue of $335.00 million during the quarter, compared to analyst estimates of $340.51 million. During the same period in the previous year, the business posted $0.41 EPS. The business's quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts predict that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

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Analysts Set New Price Targets

A number of equities analysts have commented on TILE shares. StockNews.com cut shares of Interface from a "strong-buy" rating to a "buy" rating in a research note on Tuesday. Barrington Research restated an "outperform" rating and issued a $30.00 price objective on shares of Interface in a report on Tuesday, February 25th.

Institutional Investors Weigh In On Interface

Institutional investors have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its position in Interface by 204.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock valued at $27,000 after buying an additional 750 shares during the period. Huntington National Bank purchased a new stake in Interface during the 4th quarter valued at $28,000. Smartleaf Asset Management LLC boosted its position in Interface by 78.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock valued at $30,000 after buying an additional 546 shares during the period. Principal Securities Inc. boosted its position in Interface by 103.1% during the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock valued at $36,000 after buying an additional 741 shares during the period. Finally, Quarry LP boosted its position in Interface by 499.5% during the 3rd quarter. Quarry LP now owns 2,476 shares of the textile maker's stock valued at $47,000 after buying an additional 2,063 shares during the period. 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.