Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix Sells 7,500 Shares

Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix sold 7,500 shares of the company’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 owns 96,147 shares of the company’s stock, valued at approximately $1,918,132.65. The trade was a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Interface Stock Down 0.6 %

Shares of Interface stock opened at $18.65 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. Interface, Inc. has a 1 year low of $14.13 and a 1 year high of $27.34. The firm’s 50-day moving average is $23.05 and its two-hundred day moving average is $21.99. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 0.96 and a beta of 2.10.

Interface (NASDAQ:TILE) last released its quarterly earnings results on Tuesday, February 25th. The textile maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $335.00 million during the quarter, compared to analyst estimates of $340.51 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. As a group, research analysts expect that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Interface

Several hedge funds and other institutional investors have recently modified their holdings of TILE. Creative Planning raised its position in shares of Interface by 24.7% in the 3rd quarter. Creative Planning now owns 22,720 shares of the textile maker’s stock valued at $431,000 after purchasing an additional 4,496 shares during the last quarter. New York State Teachers Retirement System grew its stake in Interface by 1.6% in the 3rd quarter. New York State Teachers Retirement System now owns 115,339 shares of the textile maker’s stock valued at $2,188,000 after acquiring an additional 1,767 shares during the period. Farther Finance Advisors LLC grew its stake in Interface by 1,348.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,241 shares of the textile maker’s stock valued at $118,000 after acquiring an additional 5,810 shares during the period. Principal Financial Group Inc. grew its stake in Interface by 5.8% in the 3rd quarter. Principal Financial Group Inc. now owns 304,050 shares of the textile maker’s stock valued at $5,768,000 after acquiring an additional 16,624 shares during the period. Finally, Privium Fund Management B.V. acquired a new stake in Interface during the 3rd quarter worth $508,000. 98.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barrington Research reissued an “outperform” rating and issued a $30.00 target price on shares of Interface in a report on Tuesday, February 25th. StockNews.com downgraded shares of Interface from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

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.