James Poppens Sells 19,474 Shares of Interface, Inc. (NASDAQ:TILE) Stock

Interface, Inc. (NASDAQ:TILE - Get Free Report) VP James Poppens sold 19,474 shares of the business's stock in a transaction dated 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 directly owns 130,142 shares of the company's stock, valued at approximately $2,621,059.88. This trade represents a 13.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Friday, May 30th, James Poppens sold 526 shares of Interface stock. The shares were sold at an average price of $20.12, for a total value of $10,583.12.

Interface Stock Up 2.1%

Shares of NASDAQ TILE traded up $0.42 on Tuesday, hitting $20.25. The company had a trading volume of 239,315 shares, compared to its average volume of 507,323. Interface, Inc. has a 12-month low of $14.13 and a 12-month high of $27.34. The business has a 50 day moving average of $19.46 and a two-hundred day moving average of $21.93. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.19 billion, a P/E ratio of 14.16, a PEG ratio of 0.96 and a beta of 1.95.

Interface (NASDAQ:TILE - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The textile maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. Interface had a return on equity of 19.91% and a net margin of 6.49%. The business had revenue of $297.41 million for the quarter, compared to analysts' expectations of $297.11 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The company's revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts forecast that Interface, Inc. will post 1.37 earnings per share for the current fiscal year.

Interface Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date is Friday, May 30th. Interface's payout ratio is 2.76%.

Institutional Trading of Interface

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Interface by 0.7% during the first quarter. Vanguard Group Inc. now owns 6,159,773 shares of the textile maker's stock worth $122,210,000 after acquiring an additional 43,309 shares during the period. Congress Asset Management Co. bought a new stake in Interface during the first quarter worth approximately $44,969,000. American Century Companies Inc. lifted its holdings in shares of Interface by 11.1% during the first quarter. American Century Companies Inc. now owns 2,214,325 shares of the textile maker's stock worth $43,932,000 after buying an additional 222,029 shares during the last quarter. Hood River Capital Management LLC acquired a new position in shares of Interface during the fourth quarter worth approximately $28,897,000. Finally, GW&K Investment Management LLC lifted its position in Interface by 15.0% in the first quarter. GW&K Investment Management LLC now owns 1,183,961 shares of the textile maker's stock worth $23,490,000 after purchasing an additional 154,872 shares during the period. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TILE shares. Barrington Research reissued an "outperform" rating and set a $30.00 price target on shares of Interface in a research report on Friday, May 2nd. Wall Street Zen raised Interface from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th.

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.