Knoll, Inc. (KNL) Upgraded to “B-” at TheStreet
Several other brokerages have also recently weighed in on KNL. Zacks Investment Research cut shares of Knoll from a hold rating to a strong sell rating in a research note on Tuesday, August 1st. Sidoti initiated coverage on shares of Knoll in a research note on Wednesday, August 16th. They issued a buy rating and a $28.00 price objective on the stock. UBS AG upgraded shares of Knoll from a market perform rating to an outperform rating in a research note on Monday, August 28th. Finally, Raymond James Financial, Inc. upgraded shares of Knoll from a market perform rating to an outperform rating and set a $20.00 price objective on the stock in a research note on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $24.00.
Shares of Knoll (KNL) traded down $0.23 during midday trading on Friday, hitting $20.71. 308,500 shares of the stock were exchanged, compared to its average volume of 402,345. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 1.31. The stock has a market cap of $1,020.00, a P/E ratio of 14.64 and a beta of 1.07. Knoll has a 12-month low of $16.57 and a 12-month high of $28.40.
Knoll (NYSE:KNL) last announced its quarterly earnings results on Monday, October 23rd. The business services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $291.26 million for the quarter, compared to the consensus estimate of $277.40 million. Knoll had a net margin of 6.21% and a return on equity of 21.94%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 EPS. equities research analysts forecast that Knoll will post 1.42 EPS for the current fiscal year.
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Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Knoll by 13.6% in the 1st quarter. Vanguard Group Inc. now owns 5,092,124 shares of the business services provider’s stock worth $121,243,000 after purchasing an additional 611,172 shares during the period. FMR LLC lifted its stake in shares of Knoll by 28.1% in the 2nd quarter. FMR LLC now owns 4,036,259 shares of the business services provider’s stock worth $80,927,000 after purchasing an additional 884,982 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Knoll by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,992,197 shares of the business services provider’s stock worth $39,844,000 after purchasing an additional 68,154 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Knoll by 3.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,904,661 shares of the business services provider’s stock worth $38,093,000 after purchasing an additional 58,169 shares during the period. Finally, Macquarie Group Ltd. raised its stake in Knoll by 29.5% during the 3rd quarter. Macquarie Group Ltd. now owns 1,795,464 shares of the business services provider’s stock worth $35,909,000 after acquiring an additional 409,142 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.
Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.
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