Interface VP Sells $133,232 in Stock (TILE)
Interface (NASDAQ:TILE) VP John Wells sold 7,068 shares of the company’s stock on the open market in a transaction dated Monday, September 23rd. The shares were sold at an average price of $18.85, for a total value of $133,231.80. Following the completion of the transaction, the vice president now directly owns 256,208 shares in the company, valued at approximately $4,829,521. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at Zacks upgraded shares of Interface (NASDAQ:TILE) from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, July 29th. They now have a $19.50 price target on the stock.
Shares of Interface (NASDAQ:TILE) traded up 1.52% during mid-day trading on Wednesday, hitting $19.40. 230,135 shares of the company’s stock traded hands. Interface has a 52-week low of $12.94 and a 52-week high of $20.30. The stock’s 50-day moving average is $18.50 and its 200-day moving average is $18.07. The company has a market cap of $1.283 billion and a price-to-earnings ratio of 64.78.
Interface (NASDAQ:TILE) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.17 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.17. The company had revenue of $243.48 million for the quarter, compared to the consensus estimate of $237.35 million. Interface’s revenue was up 6.1% compared to the same quarter last year. Analysts expect that Interface will post $0.73 EPS for the current fiscal year.
Interface Inc is an industrials company in the Office Services & Supplies industry.
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