Interface, Inc. (NASDAQ:TILE) Short Interest Update

Interface, Inc. (NASDAQ:TILE - Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 2,460,000 shares, a decline of 28.3% from the April 30th total of 3,430,000 shares. Based on an average trading volume of 555,300 shares, the days-to-cover ratio is presently 4.4 days. Currently, 4.3% of the company's stock are sold short.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wall Street Zen raised Interface from a "hold" rating to a "buy" rating in a research note on Saturday, May 10th. Barrington Research reiterated an "outperform" rating and set a $30.00 price objective on shares of Interface in a research report on Friday, May 2nd.

Insider Buying and Selling at Interface

In other Interface news, VP James Poppens sold 19,474 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $20.14, for a total value of $392,206.36. Following the sale, the vice president now owns 130,142 shares of the company's stock, valued at $2,621,059.88. The trade was a 13.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Interface

A number of hedge funds have recently made changes to their positions in TILE. Venturi Wealth Management LLC lifted its holdings in shares of Interface by 204.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,117 shares of the textile maker's stock worth $27,000 after buying an additional 750 shares in the last quarter. Huntington National Bank purchased a new position in shares of Interface during the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC grew its holdings in shares of Interface by 78.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,242 shares of the textile maker's stock valued at $30,000 after buying an additional 546 shares during the last quarter. Principal Securities Inc. grew its position in Interface by 103.1% in the 4th quarter. Principal Securities Inc. now owns 1,460 shares of the textile maker's stock worth $36,000 after purchasing an additional 741 shares during the period. Finally, Virtus Fund Advisers LLC bought a new position in Interface in the fourth quarter worth approximately $48,000. 98.34% of the stock is currently owned by institutional investors.

Interface Trading Up 2.1%

Shares of Interface stock traded up $0.42 during midday trading on Tuesday, reaching $20.25. The company had a trading volume of 239,315 shares, compared to its average volume of 507,323. The stock has a fifty day moving average price of $19.46 and a 200 day moving average price of $21.93. Interface has a fifty-two week low of $14.13 and a fifty-two week high of $27.34. The firm has a market cap of $1.19 billion, a PE ratio of 14.16, a P/E/G ratio of 0.96 and a beta of 1.95. 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 (NASDAQ:TILE - Get Free Report) last posted its earnings results on Friday, May 2nd. The textile maker reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.04. Interface had a net margin of 6.49% and a return on equity of 19.91%. The company had revenue of $297.41 million for the quarter, compared to analyst estimates of $297.11 million. During the same quarter in the prior year, the business posted $0.24 EPS. The firm's revenue was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that Interface will post 1.37 earnings per share for the current year.

Interface Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend is Friday, May 30th. Interface's dividend payout ratio (DPR) is presently 2.76%.

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.