Interface (NASDAQ:TILE) Reaches New 1-Year High at $19.45

Interface, Inc. (NASDAQ:TILE) reached a new 52-week high during trading on Monday . The company traded as high as $19.45 and last traded at $19.20, with a volume of 26174 shares trading hands. The stock had previously closed at $18.97.

Analyst Ratings Changes

TILE has been the topic of several analyst reports. Barrington Research reiterated an “outperform” rating and issued a $22.00 target price on shares of Interface in a report on Friday. StockNews.com raised shares of Interface from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th.

Interface Stock Up 0.7 %

The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.45 and a current ratio of 2.76. The company has a market cap of $1.11 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 0.94 and a beta of 1.98. The firm’s 50 day moving average price is $17.57 and its two-hundred day moving average price is $16.28.

Interface (NASDAQ:TILE) last issued its earnings results on Friday, August 2nd. The textile maker reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.12. Interface had a return on equity of 18.42% and a net margin of 5.20%. The business had revenue of $346.60 million during the quarter, compared to analyst estimates of $340.21 million. During the same period in the previous year, the company posted $0.25 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Interface, Inc. will post 1.28 EPS for the current fiscal year.

Interface Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.21%. The ex-dividend date of this dividend was Friday, August 30th. Interface’s dividend payout ratio (DPR) is 3.96%.

Insider Transactions at Interface

In other Interface news, Director Daniel T. Hendrix sold 3,555 shares of Interface stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $17.53, for a total transaction of $62,319.15. Following the completion of the transaction, the director now owns 191,147 shares in the company, valued at approximately $3,350,806.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Daniel T. Hendrix sold 2,153 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $14.67, for a total value of $31,584.51. Following the completion of the sale, the director now owns 246,147 shares in the company, valued at $3,610,976.49. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel T. Hendrix sold 3,555 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $17.53, for a total transaction of $62,319.15. Following the transaction, the director now owns 191,147 shares in the company, valued at $3,350,806.91. The disclosure for this sale can be found here. Insiders sold a total of 125,858 shares of company stock valued at $2,091,604 over the last three months. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Interface

Several hedge funds have recently modified their holdings of the company. ProShare Advisors LLC grew its holdings in shares of Interface by 7.4% in the first quarter. ProShare Advisors LLC now owns 11,576 shares of the textile maker’s stock valued at $195,000 after acquiring an additional 794 shares in the last quarter. First Hawaiian Bank boosted its holdings in shares of Interface by 3.8% in the 1st quarter. First Hawaiian Bank now owns 36,890 shares of the textile maker’s stock worth $620,000 after buying an additional 1,353 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings 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 worth $324,000 after buying an additional 1,368 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Interface by 13.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,825 shares of the textile maker’s stock worth $218,000 after acquiring an additional 1,770 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Interface by 4.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 54,431 shares of the textile maker’s stock valued at $916,000 after acquiring an additional 2,073 shares during the last quarter. Institutional investors own 98.34% of the company’s stock.

About Interface

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.