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

Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix sold 7,500 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $19.95, for a total value of $149,625.00. Following the sale, the director now directly owns 96,147 shares of the company’s stock, valued at approximately $1,918,132.65. This trade represents a 7.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Interface Stock Performance

NASDAQ TILE opened at $18.90 on Wednesday. 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 twelve month low of $14.13 and a twelve month high of $27.34. The business has a 50-day moving average price of $23.18 and a 200-day moving average price of $22.02. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 0.96 and a beta of 2.10.

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

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com cut Interface from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Barrington Research reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Interface in a report on Tuesday, February 25th.

Institutional Trading of Interface

A number of hedge funds and other institutional investors have recently bought and sold shares of TILE. Jefferies Financial Group Inc. bought a new position in Interface in the 4th quarter worth about $1,123,000. Mackenzie Financial Corp boosted its holdings in shares of Interface by 10.4% in the fourth quarter. Mackenzie Financial Corp now owns 38,188 shares of the textile maker’s stock valued at $930,000 after purchasing an additional 3,598 shares during the period. PharVision Advisers LLC bought a new position in Interface in the fourth quarter worth approximately $223,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Interface by 32.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 142,370 shares of the textile maker’s stock worth $3,467,000 after purchasing an additional 35,001 shares in the last quarter. Finally, Virtus Fund Advisers LLC purchased a new position in Interface during the 4th quarter worth $48,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

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.