Laurel Hurd Sells 7,000 Shares of Interface (NASDAQ:TILE) Stock

Interface, Inc. (NASDAQ:TILE) CEO Laurel Hurd sold 7,000 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $39.09, for a total value of $273,630.00. Following the transaction, the chief executive officer owned 506,978 shares of the company’s stock, valued at approximately $19,817,770.02. This trade represents a 1.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Interface Stock Performance

Shares of Interface stock opened at $38.95 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.53 and a quick ratio of 1.35. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 1.08 and a beta of 1.90. The stock’s 50-day moving average is $35.02 and its 200-day moving average is $31.04. Interface, Inc. has a one year low of $24.40 and a one year high of $40.50.

Interface (NASDAQ:TILE) last announced its earnings results on Friday, August 7th. The textile maker reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.24. Interface had a return on equity of 21.77% and a net margin of 10.10%.The business had revenue of $395.70 million for the quarter, compared to analyst estimates of $391.22 million. During the same quarter last year, the firm earned $0.60 EPS. Interface’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts predict that Interface, Inc. will post 2.36 earnings per share for the current fiscal year.

Interface Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th. Interface’s payout ratio is currently 4.86%.

Institutional Investors Weigh In On Interface

A number of institutional investors and hedge funds have recently modified their holdings of the company. ProShare Advisors LLC increased its holdings in shares of Interface by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 11,282 shares of the textile maker’s stock worth $315,000 after buying an additional 349 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Interface by 30.8% during the 4th quarter. Larson Financial Group LLC now owns 1,538 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 362 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Interface by 0.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 58,483 shares of the textile maker’s stock valued at $1,560,000 after acquiring an additional 403 shares in the last quarter. HB Wealth Management LLC grew its position in Interface by 1.0% during the 2nd quarter. HB Wealth Management LLC now owns 40,804 shares of the textile maker’s stock worth $1,462,000 after acquiring an additional 418 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in Interface by 1.5% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 30,695 shares of the textile maker’s stock worth $857,000 after acquiring an additional 452 shares during the last quarter. 98.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TILE has been the subject of a number of analyst reports. Benchmark assumed coverage on shares of Interface in a research report on Tuesday, May 19th. They issued a “buy” rating and a $36.00 target price for the company. Barrington Research increased their price objective on shares of Interface from $36.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Zacks Research cut Interface from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings raised Interface from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Finally, Wall Street Zen lowered Interface from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.50.

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.