Insider Selling: Interface CEO Sells 5,000 Shares of Stock (TILE)
Interface (NASDAQ:TILE) CEO Daniel T. Hendrix sold 5,000 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $17.37, for a total transaction of $86,850.00. Following the completion of the transaction, the chief executive officer now directly owns 590,594 shares in the company, valued at approximately $10,258,618. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Interface (NASDAQ:TILE) traded down 1.49% on Wednesday, hitting $17.23. The stock had a trading volume of 114,678 shares. Interface has a one year low of $15.72 and a one year high of $22.46. The stock’s 50-day moving average is $17.38 and its 200-day moving average is $18.56. The company has a market cap of $1.145 billion and a P/E ratio of 24.50.
Interface (NASDAQ:TILE) last released its earnings data 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. On average, analysts predict that Interface will post $0.78 earnings per share for the current fiscal year.
TILE has been the subject of a number of recent research reports. Analysts at Macquarie reiterated an “outperform” rating on shares of Interface in a research note on Monday, July 28th. 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.
Interface, Inc is engaged in the business of design, production and sales of modular carpet, also known as carpet tile.
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