Insider Selling: Interface (NASDAQ:TILE) VP Sells 10,000 Shares of Stock

Key Points

• Insider selling: Interface VP James Poppens sold a total of 17,650 shares between March 3–5 (including 10,000 shares on March 3 at $29.42), generating roughly $512k and reducing his stake by 7.72% to 119,496 shares (about $3.52M).
• Company context: Interface beat quarterly EPS estimates ($0.49 vs. $0.40), raised its quarterly dividend to $0.03, and the stock trades near $28.14 with a market cap of ~$1.64B and a consensus Moderate Buy rating (average price target $36).

Interface, Inc. (NASDAQ:TILE - Get Free Report) VP James Poppens sold 10,000 shares of Interface stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $29.42, for a total value of $294,200.00. Following the completion of the transaction, the vice president owned 119,496 shares in the company, valued at approximately $3,515,572.32. The trade was a 7.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

James Poppens also recently made the following trade(s):

• On Thursday, March 5th, James Poppens sold 5,000 shares of Interface stock. The stock was sold at an average price of $28.11, for a total value of $140,550.00.
• On Wednesday, March 4th, James Poppens sold 2,650 shares of Interface stock. The shares were sold at an average price of $29.11, for a total value of $77,141.50.

Interface Price Performance

Interface stock traded down $0.86 during midday trading on Thursday, reaching $28.14. The company's stock had a trading volume of 402,496 shares, compared to its average volume of 393,172. The company has a current ratio of 2.34, a quick ratio of 1.18 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.64 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 0.96 and a beta of 1.87. Interface, Inc. has a 52 week low of $17.24 and a 52 week high of $35.11. The business has a 50-day moving average price of $31.19 and a 200-day moving average price of $28.75.

Interface (NASDAQ:TILE - Get Free Report) last posted its earnings results on Tuesday, February 24th. The textile maker reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.09. The firm had revenue of $349.39 million during the quarter, compared to analysts' expectations of $350.54 million. Interface had a net margin of 8.37% and a return on equity of 19.54%. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 earnings per share. On average, sell-side analysts predict that Interface, Inc. will post 1.37 EPS for the current year.

Interface Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, March 27th. This is a boost from Interface's previous quarterly dividend of $0.02. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. Interface's payout ratio is presently 4.08%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. increased its stake in shares of Interface by 133.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,008,260 shares of the textile maker's stock valued at $56,071,000 after buying an additional 1,149,733 shares during the period. XTX Topco Ltd acquired a new position in shares of Interface in the fourth quarter worth approximately $471,000. Zacks Investment Management boosted its holdings in Interface by 40.2% in the fourth quarter. Zacks Investment Management now owns 53,739 shares of the textile maker's stock valued at $1,500,000 after acquiring an additional 15,401 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in Interface during the 4th quarter valued at approximately $209,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Interface during the 4th quarter worth approximately $224,000. 98.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TILE. Barrington Research raised their price objective on Interface from $32.00 to $36.00 and gave the company an "outperform" rating in a report on Friday, January 23rd. Wall Street Zen downgraded Interface from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Zacks Research cut Interface from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 30th. Finally, Weiss Ratings raised Interface from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $36.00.

About Interface

Interface, Inc NASDAQ: TILE is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface's portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.

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