Interface (NASDAQ:TILE) Hits New 52-Week High at $19.18

Interface, Inc. (NASDAQ:TILE) hit a new 52-week high on Monday . The company traded as high as $19.18 and last traded at $19.10, with a volume of 159963 shares. The stock had previously closed at $18.87.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TILE shares. Barrington Research restated an “outperform” rating and issued a $22.00 target price on shares of Interface in a research note on Friday, August 2nd. StockNews.com upgraded Interface from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th.

Interface Price Performance

The company has a current ratio of 2.76, a quick ratio of 1.45 and a debt-to-equity ratio of 0.84. The company has a market cap of $1.09 billion, a P/E ratio of 18.49, a PEG ratio of 0.94 and a beta of 1.98. The business’s fifty day moving average is $17.43 and its 200 day moving average is $16.22.

Interface (NASDAQ:TILE) last posted its quarterly earnings results on Friday, August 2nd. The textile maker reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.12. The company had revenue of $346.60 million for the quarter, compared to analysts’ expectations of $340.21 million. Interface had a net margin of 5.20% and a return on equity of 18.42%. Interface’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS. As a group, sell-side analysts anticipate that Interface, Inc. will post 1.28 EPS for the current year.

Interface Announces Dividend

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

Insider Buying and Selling

In other Interface news, VP Stansfield Nigel sold 17,500 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $16.44, for a total transaction of $287,700.00. Following the sale, the vice president now owns 164,355 shares of the company’s stock, valued at approximately $2,701,996.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Interface news, VP Stansfield Nigel sold 17,500 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $16.44, for a total transaction of $287,700.00. Following the sale, the vice president now owns 164,355 shares of the company’s stock, valued at approximately $2,701,996.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel T. Hendrix sold 3,555 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $17.53, for a total transaction of $62,319.15. Following the sale, the director now directly owns 191,147 shares in the company, valued at approximately $3,350,806.91. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,858 shares of company stock valued at $2,091,604. 2.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Interface by 0.8% in the first quarter. Vanguard Group Inc. now owns 5,298,736 shares of the textile maker’s stock worth $89,125,000 after purchasing an additional 43,184 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Interface by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,892,968 shares of the textile maker’s stock worth $42,469,000 after purchasing an additional 31,224 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Interface by 10.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,691,190 shares of the textile maker’s stock valued at $39,507,000 after purchasing an additional 247,350 shares during the last quarter. Wellington Management Group LLP lifted its position in Interface by 0.5% during the fourth quarter. Wellington Management Group LLP now owns 2,508,961 shares of the textile maker’s stock valued at $31,663,000 after purchasing an additional 12,847 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Interface by 22.3% in the 2nd quarter. American Century Companies Inc. now owns 1,563,447 shares of the textile maker’s stock worth $22,951,000 after buying an additional 285,353 shares in 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.