Interface, Inc. (NASDAQ:TILE – Get Free Report) VP Stansfield Nigel sold 19,990 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $16.24, for a total transaction of $324,637.60. Following the transaction, the vice president now directly owns 181,855 shares of the company’s stock, valued at approximately $2,953,325.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Interface Trading Down 1.5 %
TILE stock opened at $15.95 on Thursday. Interface, Inc. has a 1-year low of $6.51 and a 1-year high of $18.47. The company has a current ratio of 2.72, a quick ratio of 1.30 and a debt-to-equity ratio of 0.89. The business’s 50 day moving average is $15.95 and its 200-day moving average is $13.08. The firm has a market cap of $928.31 million, a P/E ratio of 15.79, a P/E/G ratio of 1.10 and a beta of 1.99.
Interface (NASDAQ:TILE – Get Free Report) last announced its quarterly earnings results on Friday, May 3rd. The textile maker reported $0.24 EPS for the quarter, beating the consensus estimate of $0.12 by $0.12. The business had revenue of $289.70 million for the quarter, compared to analyst estimates of $284.76 million. Interface had a return on equity of 16.94% and a net margin of 4.73%. Interface’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 EPS. Equities analysts anticipate that Interface, Inc. will post 1.05 earnings per share for the current fiscal year.
Interface Announces Dividend
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of TILE. Wellington Management Group LLP grew its position in Interface by 6.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,496,114 shares of the textile maker’s stock worth $24,487,000 after acquiring an additional 140,521 shares during the last quarter. Pzena Investment Management LLC boosted its stake in Interface by 65.2% in the third quarter. Pzena Investment Management LLC now owns 3,614,372 shares of the textile maker’s stock worth $35,457,000 after purchasing an additional 1,426,749 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Interface by 29.4% during the third quarter. American Century Companies Inc. now owns 610,702 shares of the textile maker’s stock worth $5,991,000 after purchasing an additional 138,800 shares during the last quarter. Federated Hermes Inc. acquired a new stake in shares of Interface in the fourth quarter valued at $1,187,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Interface in the fourth quarter valued at $401,000. Institutional investors own 98.34% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Truist Financial upped their price target on Interface from $10.00 to $14.00 and gave the stock a “hold” rating in a report on Wednesday, February 28th. Barrington Research lifted their price target on shares of Interface from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Finally, TheStreet upgraded shares of Interface from a “c” rating to a “b-” rating in a research note on Tuesday, February 27th.
View Our Latest Stock Report on Interface
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.
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