The President & COO of Interface (NASDAQ: TILE) is Buying Shares

By George MacDonald

Today, the President & COO of Interface (NASDAQ: TILE), Jay Gould, bought shares of TILE for $147.6k.

Jay Gould increased his holding by 10.64% to a total of $1538044.68. In addition to Jay Gould, 2 other TILE executives reported Buy trades in the last month.

The company has a one year high of $26.88 and a one year low of $13.62. TILE’s market cap is $982.7M and the company has a P/E ratio of 13.40%. Currently, Interface has an average volume of 542.9k.

Based on 3 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $17.00, reflecting a -10.3% downside.

Looking at blogger coverage of TILE, there is a 83% Bullish tendency on the stock, in relation to a 66% average bullish tendency within the Conglomerates sector.

Over the last 3 months, the insider sentiment on Interface has been negative based on 53 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

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. The company also offers Intersept, a proprietary antimicrobial used in a number of interior finishes. Interface was founded by Ray C. Anderson in 1973 and is headquartered in Atlanta, GA.