Interface, Inc. (NASDAQ:TILE) VP Stansfield Nigel Sells 20,000 Shares

Interface, Inc. (NASDAQ:TILE) VP Stansfield Nigel sold 20,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $24.12, for a total value of $482,400.00. Following the completion of the transaction, the vice president now owns 144,355 shares of the company’s stock, valued at $3,481,842.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Stansfield Nigel also recently made the following trade(s):

• On Thursday, August 8th, Stansfield Nigel sold 17,500 shares of Interface stock. The stock was sold at an average price of $16.44, for a total value of $287,700.00.

Interface Stock Up 2.5 %

TILE opened at $24.73 on Thursday. Interface, Inc. has a 12 month low of $9.04 and a 12 month high of $24.97. The company has a 50 day moving average of $18.98 and a 200 day moving average of $17.01. The company has a current ratio of 2.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.66. The company has a market cap of $1.44 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.14 and a beta of 1.97.

Interface (NASDAQ:TILE) last issued its quarterly earnings data on Friday, November 1st. The textile maker reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.14. The company had revenue of $344.30 million for the quarter, compared to the consensus estimate of $336.39 million. Interface had a return on equity of 19.91% and a net margin of 6.49%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 earnings per share. On average, sell-side analysts expect that Interface, Inc. will post 1.37 EPS for the current year.

Interface Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.04 annualized dividend and a yield of 0.16%. Interface’s payout ratio is presently 2.80%.

Institutional Trading of Interface

A number of hedge funds have recently made changes to their positions in TILE. Allspring Global Investments Holdings LLC bought a new position in shares of Interface during the 1st quarter valued at about $57,000. Central Pacific Bank Trust Division purchased a new position in Interface in the 1st quarter worth $312,000. Texas Permanent School Fund Corp boosted its position in Interface by 8.0% during the first quarter. Texas Permanent School Fund Corp now owns 50,855 shares of the textile maker’s stock valued at $855,000 after buying an additional 3,771 shares during the period. SG Americas Securities LLC bought a new stake in shares of Interface in the 1st quarter valued at about $110,000. Finally, Illinois Municipal Retirement Fund increased its stake in Interface by 6.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 35,129 shares of the textile maker’s stock worth $591,000 after purchasing an additional 2,127 shares during the period. 98.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TILE has been the subject of several recent analyst reports. Barrington Research raised their target price on Interface from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. StockNews.com downgraded Interface from a “strong-buy” rating to a “buy” rating in a research note on Monday.

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.