Interface (NASDAQ:TILE) CFO Bruce Andrew Hausmann Sells 50,000 Shares

Interface, Inc. (NASDAQ:TILE) CFO Bruce Andrew Hausmann sold 50,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $29.66, for a total transaction of $1,483,000.00. Following the completion of the sale, the chief financial officer owned 119,256 shares of the company’s stock, valued at approximately $3,537,132.96. This represents a 29.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Interface Trading Down 0.9%

Shares of TILE traded down $0.28 during trading hours on Friday, reaching $29.62. The stock had a trading volume of 742,139 shares, compared to its average volume of 530,957. The company has a quick ratio of 1.16, a current ratio of 2.43 and a debt-to-equity ratio of 0.30. Interface, Inc. has a 52 week low of $19.66 and a 52 week high of $35.11. The firm has a 50-day moving average of $27.23 and a 200 day moving average of $28.68. The company has a market cap of $1.72 billion, a P/E ratio of 13.84, a P/E/G ratio of 0.94 and a beta of 1.92.

Interface (NASDAQ:TILE) last released its quarterly earnings data on Friday, May 8th. The textile maker reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.08. The business had revenue of $331.04 million during the quarter, compared to analysts’ expectations of $320.38 million. Interface had a net margin of 8.92% and a return on equity of 20.09%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. On average, sell-side analysts expect that Interface, Inc. will post 2.11 earnings per share for the current fiscal year.

Interface Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, June 5th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, June 5th. Interface’s dividend payout ratio is currently 5.61%.

Wall Street Analysts Forecast Growth

TILE has been the subject of several recent research reports. Wall Street Zen raised Interface from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Weiss Ratings raised Interface from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Benchmark initiated coverage on Interface in a research report on Tuesday, May 19th. They set a “buy” rating and a $36.00 price objective for the company. Finally, Barrington Research reaffirmed an “outperform” rating and set a $36.00 price objective on shares of Interface in a research report on Friday, April 17th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.00.

Hedge Funds Weigh In On Interface

A number of large investors have recently modified their holdings of TILE. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Interface by 133.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,008,260 shares of the textile maker’s stock worth $56,071,000 after buying an additional 1,149,733 shares during the last quarter. UBS Group AG boosted its stake in shares of Interface by 413.8% during the 4th quarter. UBS Group AG now owns 499,035 shares of the textile maker’s stock worth $13,933,000 after buying an additional 401,912 shares during the last quarter. SG Capital Management LLC acquired a new position in shares of Interface during the 3rd quarter worth about $8,753,000. Balyasny Asset Management L.P. boosted its stake in shares of Interface by 273.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 386,828 shares of the textile maker’s stock worth $10,800,000 after buying an additional 283,152 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Interface by 2,333.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 280,986 shares of the textile maker’s stock worth $7,845,000 after buying an additional 269,439 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Interface Company Profile

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.