Interface CEO Laurel Hurd Sold 7,000 Shares for $254,940
The October 26 sale was the third disposal of 7,000 shares by Hurd since August 24, leaving her with 492,978 shares of the flooring maker.
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Laurel Hurd, chief executive of Interface, Inc., sold 7,000 shares of the flooring maker's stock on October 26 at an average price of $36.42, a transaction worth $254,940, according to MarketBeat, which cited a filing with the Securities and Exchange Commission.
The sale cut Hurd's holding by 1.40%, leaving her with 492,978 shares valued at about $17.95 million. It followed two earlier disposals of the same size: 7,000 shares on September 24 at an average $34.99, and 7,000 shares on August 24 at an average $39.09.
Interface shares traded at $36.51 on October 27, within a 12-month range of $24.40 to $40.50. The company has a market capitalization of $2.12 billion and a price-to-earnings ratio of 14.78.
In results released on August 7, Interface reported quarterly earnings of $0.88 per share, above the consensus estimate of $0.64, on revenue of $395.70 million, up 5.4% from a year earlier. The company paid a quarterly dividend of $0.03 per share on September 18, an annualized $0.12 and a yield of 0.3%.
Analysts tracked by MarketBeat rate the stock a "Moderate Buy" with an average price target of $40.50. Institutional investors hold 98.34% of the shares.
Interface, founded in 1973 by Ray Anderson, is based in Atlanta and makes carpet tile, broadloom carpet and resilient flooring.
This story was first reported by MarketBeat.
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