Interface, Inc. (NASDAQ:TILE - Get Free Report) VP James Poppens sold 526 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $20.12, for a total transaction of $10,583.12. Following the completion of the sale, the vice president now directly owns 129,616 shares in the company, valued at $2,607,873.92. This trade represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
James Poppens also recently made the following trade(s):
- On Thursday, May 29th, James Poppens sold 19,474 shares of Interface stock. The shares were sold at an average price of $20.14, for a total transaction of $392,206.36.
Interface Stock Up 1.6%
Shares of TILE stock traded up $0.31 during mid-day trading on Tuesday, hitting $20.14. The stock had a trading volume of 36,175 shares, compared to its average volume of 508,147. Interface, Inc. has a 12-month low of $14.13 and a 12-month high of $27.34. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 1.38. The firm's 50-day moving average is $19.46 and its two-hundred day moving average is $21.94. The firm has a market capitalization of $1.18 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 0.96 and a beta of 1.95.
Interface (NASDAQ:TILE - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $297.11 million. During the same period in the prior year, the firm earned $0.24 earnings per share. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts predict that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.
Interface Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.01 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.20%. Interface's payout ratio is presently 2.76%.
Hedge Funds Weigh In On Interface
A number of hedge funds and other institutional investors have recently modified their holdings of TILE. Strs Ohio purchased a new stake in Interface during the first quarter worth $488,000. Intech Investment Management LLC boosted its position in Interface by 104.4% during the first quarter. Intech Investment Management LLC now owns 216,520 shares of the textile maker's stock valued at $4,296,000 after purchasing an additional 110,597 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Interface by 6.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 151,950 shares of the textile maker's stock valued at $3,015,000 after purchasing an additional 9,580 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Interface by 5.9% in the first quarter. Goldman Sachs Group Inc. now owns 748,701 shares of the textile maker's stock worth $14,854,000 after purchasing an additional 42,011 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Interface by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,118 shares of the textile maker's stock valued at $677,000 after buying an additional 1,485 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
TILE has been the subject of several research reports. Barrington Research reissued an "outperform" rating and issued a $30.00 price objective on shares of Interface in a research report on Friday, May 2nd. Wall Street Zen upgraded Interface from a "hold" rating to a "buy" rating in a report on Saturday, May 10th.
View Our Latest Stock Analysis on TILE
About Interface
(
Get Free Report)
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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