Interface, Inc. (NASDAQ:TILE) Director Daniel T. Hendrix sold 6,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $19.11, for a total transaction of $114,660.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Daniel T. Hendrix also recently made the following trade(s):

  • On Monday, July 17th, Daniel T. Hendrix sold 6,000 shares of Interface stock. The stock was sold at an average price of $18.95, for a total transaction of $113,700.00.
  • On Thursday, June 15th, Daniel T. Hendrix sold 6,000 shares of Interface stock. The stock was sold at an average price of $19.74, for a total transaction of $118,440.00.
  • On Friday, June 2nd, Daniel T. Hendrix sold 5,000 shares of Interface stock. The stock was sold at an average price of $20.93, for a total transaction of $104,650.00.
  • On Tuesday, May 23rd, Daniel T. Hendrix sold 5,000 shares of Interface stock. The stock was sold at an average price of $20.07, for a total transaction of $100,350.00.

Interface, Inc. (TILE) traded down 0.52% during trading on Wednesday, reaching $18.95. 333,774 shares of the company’s stock traded hands. The stock has a market cap of $1.19 billion, a P/E ratio of 24.39 and a beta of 1.20. The firm’s 50 day moving average price is $19.12 and its 200-day moving average price is $19.13. Interface, Inc. has a one year low of $14.59 and a one year high of $21.05.

Interface (NASDAQ:TILE) last issued its earnings results on Wednesday, July 26th. The textile maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The company had revenue of $251.70 million for the quarter, compared to analyst estimates of $254.94 million. Interface had a net margin of 5.21% and a return on equity of 19.66%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 EPS. On average, equities analysts anticipate that Interface, Inc. will post $1.14 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be given a dividend of $0.065 per share. This is a positive change from Interface’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Wednesday, August 9th. Interface’s payout ratio is presently 33.33%.

Interface announced that its Board of Directors has approved a stock repurchase program on Wednesday, April 26th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the textile maker to purchase up to 7.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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A number of analysts recently issued reports on the stock. ValuEngine downgraded shares of Interface from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and set a $19.00 price target on shares of Interface in a report on Friday, July 28th. BidaskClub downgraded shares of Interface from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded shares of Interface from a “hold” rating to a “sell” rating in a report on Thursday, April 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $19.00.

Several large investors have recently modified their holdings of TILE. BlackRock Inc. raised its stake in shares of Interface by 144,783.3% in the first quarter. BlackRock Inc. now owns 7,815,006 shares of the textile maker’s stock valued at $148,876,000 after buying an additional 7,809,612 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Interface by 2,392.6% in the second quarter. Thrivent Financial For Lutherans now owns 914,291 shares of the textile maker’s stock valued at $17,965,000 after buying an additional 877,611 shares during the last quarter. Ariel Investments LLC raised its stake in shares of Interface by 59.0% in the first quarter. Ariel Investments LLC now owns 1,202,898 shares of the textile maker’s stock valued at $22,915,000 after buying an additional 446,541 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in shares of Interface by 18.8% in the first quarter. Frontier Capital Management Co. LLC now owns 2,749,905 shares of the textile maker’s stock valued at $52,386,000 after buying an additional 436,135 shares during the last quarter. Finally, JHL Capital Group LLC bought a new stake in shares of Interface during the first quarter valued at approximately $7,620,000. Institutional investors own 91.04% of the company’s stock.

About Interface

Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.

Insider Buying and Selling by Quarter for Interface (NASDAQ:TILE)

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