A Director at Interface is Exercising Options

Today it was reported that a Director at Interface (TILEResearch Report), Christopher G. Kennedy, exercised options to buy 5,000 TILE shares at $4.31 a share, for a total transaction value of $21.55K. The options were close to expired and Christopher G. Kennedy retained stocks.

Following this transaction Christopher G. Kennedy’s holding in the company was increased by 6.49% to a total of $1.28 million. In addition to Christopher G. Kennedy, one other TILE executive reported Buy trades in the last month.

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Based on Interface’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $318 million and quarterly net profit of $8.17 million. In comparison, last year the company earned revenue of $266 million and had a net profit of $4.32 million. TILE’s market cap is $926.1M and the company has a P/E ratio of 19.27. Currently, Interface has an average volume of 22.66K.

Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $21.80, reflecting a 40.8% upside. Three different firms, including Nomura and SunTrust Robinson, currently also have a Buy rating on the stock.

The insider sentiment on Interface has been positive according to 38 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Interface, Inc. designs, manufactures and sells modular carpet, manufactured for the commercial and institutional markets under the Interface brand, and for consumer markets as FLOR modular carpets. It also offers Intersept, a proprietary antimicrobial used in a number of interior finishes.

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