Insider Selling: Interface (NASDAQ:TILE) CFO Sells $1,483,000.00 in Stock

Interface, Inc. (NASDAQ:TILE) CFO Bruce Andrew Hausmann sold 50,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $29.66, for a total value of $1,483,000.00. Following the sale, the chief financial officer owned 119,256 shares in the company, valued at approximately $3,537,132.96. The trade was a 29.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Interface Price Performance

Shares of TILE opened at $29.60 on Monday. Interface, Inc. has a fifty-two week low of $19.66 and a fifty-two week high of $35.11. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 2.43. The company has a market capitalization of $1.72 billion, a P/E ratio of 13.83, a P/E/G ratio of 0.94 and a beta of 1.92. The business’s 50-day moving average is $27.30 and its two-hundred day moving average is $28.70.

Interface (NASDAQ:TILE) last posted its earnings results 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 firm had revenue of $331.04 million for the quarter, compared to analysts’ expectations of $320.38 million. Interface had a return on equity of 20.09% and a net margin of 8.92%.The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $0.25 EPS. Research analysts predict that Interface, Inc. will post 2.11 earnings per share for the current year.

Interface Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, June 5th. Interface’s dividend payout ratio (DPR) is 5.61%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TILE shares. Weiss Ratings raised shares of Interface from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Barrington Research reissued an “outperform” rating and issued a $36.00 target price on shares of Interface in a research note on Friday, April 17th. Wall Street Zen raised shares of Interface from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Finally, Benchmark initiated coverage on shares of Interface in a research note on Tuesday, May 19th. They issued a “buy” rating and a $36.00 target price on the stock. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.00.

Institutional Trading of Interface

A number of hedge funds and other institutional investors have recently made changes to their positions in TILE. CIBC Private Wealth Group LLC increased its holdings in shares of Interface by 180.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 981 shares of the textile maker’s stock worth $27,000 after buying an additional 631 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Interface by 114.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,176 shares of the textile maker’s stock worth $34,000 after buying an additional 628 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Interface during the 2nd quarter worth approximately $35,000. Wexford Capital LP acquired a new stake in shares of Interface during the 3rd quarter worth approximately $43,000. Finally, Blue Trust Inc. increased its holdings in shares of Interface by 88.3% during the 4th quarter. Blue Trust Inc. now owns 2,199 shares of the textile maker’s stock worth $61,000 after buying an additional 1,031 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

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.