Interface (NASDAQ:TILE) VP James Poppens Sells 2,650 Shares of Stock

Interface, Inc. (NASDAQ:TILE) VP James Poppens sold 2,650 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $29.11, for a total transaction of $77,141.50. Following the sale, the vice president directly owned 116,846 shares of the company’s stock, valued at $3,401,387.06. This represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, March 5th, James Poppens sold 5,000 shares of Interface stock. The stock was sold at an average price of $28.11, for a total transaction of $140,550.00.
• On Tuesday, March 3rd, James Poppens sold 10,000 shares of Interface stock. The shares were sold at an average price of $29.42, for a total transaction of $294,200.00.

Interface Trading Up 0.0%

Shares of TILE traded up $0.01 during trading hours on Friday, hitting $28.15. 230,772 shares of the stock were exchanged, compared to its average volume of 389,358. Interface, Inc. has a fifty-two week low of $17.24 and a fifty-two week high of $35.11. The business has a 50-day moving average of $31.18 and a 200-day moving average of $28.74. The firm has a market capitalization of $1.64 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 0.94 and a beta of 1.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.34 and a quick ratio of 1.18.

Interface (NASDAQ:TILE) last released its earnings results on Tuesday, February 24th. The textile maker reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.09. Interface had a net margin of 8.37% and a return on equity of 19.54%. The business had revenue of $349.39 million for the quarter, compared to analyst estimates of $350.54 million. During the same quarter in the previous year, the business earned $0.34 earnings per share. Interface’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, research analysts expect that Interface, Inc. will post 1.37 EPS for the current year.

Interface Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a dividend of $0.03 per share. This is an increase from Interface’s previous quarterly dividend of $0.02. This represents a $0.12 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, March 27th. Interface’s payout ratio is 4.08%.

Analyst Ratings Changes

A number of research firms have issued reports on TILE. Wall Street Zen cut Interface from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Barrington Research boosted their target price on shares of Interface from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, January 23rd. Weiss Ratings raised shares of Interface from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Finally, Zacks Research cut shares of Interface from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

Institutional Investors Weigh In On Interface

Several hedge funds and other institutional investors have recently made changes to their positions in TILE. ProShare Advisors LLC increased its stake in Interface by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 11,282 shares of the textile maker’s stock worth $315,000 after acquiring an additional 349 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Interface by 30.8% during the fourth quarter. Larson Financial Group LLC now owns 1,538 shares of the textile maker’s stock worth $43,000 after purchasing an additional 362 shares in the last quarter. CWM LLC grew its holdings in shares of Interface by 15.1% during the third quarter. CWM LLC now owns 2,857 shares of the textile maker’s stock worth $83,000 after purchasing an additional 375 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Interface by 0.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 58,483 shares of the textile maker’s stock worth $1,560,000 after purchasing an additional 403 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Interface by 1.5% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 30,695 shares of the textile maker’s stock valued at $857,000 after purchasing an additional 452 shares in the last quarter. 98.34% of the stock is owned by institutional investors.

About Interface

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.