Insider Selling: Daniel T. Hendrix Sells 5,000 Shares of Interface Stock (TILE)
Interface (NASDAQ:TILE) CEO Daniel T. Hendrix sold 5,000 shares of the stock on the open market in a transaction dated Monday, July 28th. The shares were sold at an average price of $16.38, for a total value of $81,900.00. Following the transaction, the chief executive officer now directly owns 595,594 shares of the company’s stock, valued at approximately $9,755,830. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on TILE. Analysts at Macquarie reiterated an “outperform” rating on shares of Interface in a research note on Monday. They now have a $23.00 price target on the stock, down previously from $26.00. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Interface in a research note on Friday, July 25th. They now have a $20.00 price target on the stock, down previously from $21.00. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Interface in a research note on Wednesday, July 2nd. They now have a $21.00 price target on the stock, up previously from $20.00. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Interface has a consensus rating of “Hold” and an average target price of $20.80.
Interface (NASDAQ:TILE) traded up 0.31% on Wednesday, hitting $16.29. 131,254 shares of the company’s stock traded hands. Interface has a one year low of $16.06 and a one year high of $22.46. The stock has a 50-day moving average of $18.11 and a 200-day moving average of $19.11. The company has a market cap of $1.083 billion and a price-to-earnings ratio of 22.75.
Interface (NASDAQ:TILE) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.01. The company had revenue of $260.60 million for the quarter, compared to the consensus estimate of $259.55 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts expect that Interface will post $0.80 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 22nd. Stockholders of record on Friday, August 8th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, August 6th. This is a boost from Interface’s previous quarterly dividend of $0.03.
Interface, Inc is engaged in the business of design, production and sales of modular carpet, also known as carpet tile.
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