Interface, Inc. (NASDAQ:TILE) CFO Bruce Andrew Hausmann Sells 30,000 Shares of Stock

Interface, Inc. (NASDAQ:TILE) CFO Bruce Andrew Hausmann sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $25.50, for a total transaction of $765,000.00. Following the completion of the transaction, the chief financial officer now owns 168,475 shares in the company, valued at $4,296,112.50. This represents a 15.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Interface Stock Performance

NASDAQ:TILE opened at $25.46 on Friday. The stock has a market cap of $1.48 billion, a P/E ratio of 17.80, a price-to-earnings-growth ratio of 1.23 and a beta of 1.97. The firm’s fifty day simple moving average is $20.64 and its 200 day simple moving average is $17.79. Interface, Inc. has a twelve month low of $9.87 and a twelve month high of $26.11. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66.

Interface (NASDAQ:TILE) last released its quarterly earnings results on Friday, November 1st. The textile maker reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.14. The business had revenue of $344.30 million for the quarter, compared to analysts’ expectations of $336.39 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 earnings per share. As a group, research analysts predict that Interface, Inc. will post 1.37 EPS for the current year.

Interface Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend is Friday, November 29th. Interface’s dividend payout ratio is currently 2.80%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. StockNews.com cut shares of Interface from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th. Barrington Research lifted their price target on shares of Interface from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 1st.

Hedge Funds Weigh In On Interface

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its position in Interface by 7.4% during the first quarter. ProShare Advisors LLC now owns 11,576 shares of the textile maker’s stock valued at $195,000 after buying an additional 794 shares during the period. National Bank of Canada FI lifted its position in Interface by 33.7% during the third quarter. National Bank of Canada FI now owns 3,399 shares of the textile maker’s stock valued at $64,000 after buying an additional 856 shares during the period. The Manufacturers Life Insurance Company lifted its position in Interface by 6.6% during the second quarter. The Manufacturers Life Insurance Company now owns 22,103 shares of the textile maker’s stock valued at $324,000 after buying an additional 1,368 shares during the period. KBC Group NV lifted its position in Interface by 70.7% during the third quarter. KBC Group NV now owns 3,472 shares of the textile maker’s stock valued at $66,000 after buying an additional 1,438 shares during the period. Finally, New York State Teachers Retirement System lifted its position in Interface by 1.6% during the third quarter. New York State Teachers Retirement System now owns 115,339 shares of the textile maker’s stock valued at $2,188,000 after buying an additional 1,767 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Interface Company Profile

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.