Knoll (NYSE:KNL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Knoll Inc, a leading designer and manufacturer of branded office furniture products and textiles, serves clients worldwide. Their commitment to innovation and modern design has yielded a comprehensive portfolio of products designed to provide enduring value and help clients shape their workplaces with imagination and vision. “

Other equities research analysts have also issued reports about the stock. TheStreet raised shares of Knoll from a “c+” rating to a “b-” rating in a report on Friday, November 17th. ValuEngine lowered shares of Knoll from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Raymond James Financial raised shares of Knoll from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $23.00 to $26.00 in a report on Tuesday, December 26th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Knoll currently has an average rating of “Buy” and a consensus target price of $26.67.

Shares of Knoll (NYSE KNL) opened at $21.26 on Wednesday. The firm has a market cap of $1,006.74, a price-to-earnings ratio of 13.04 and a beta of 0.98. The company has a current ratio of 1.31, a quick ratio of 0.62 and a debt-to-equity ratio of 0.61. Knoll has a 1-year low of $16.57 and a 1-year high of $24.47.

Knoll (NYSE:KNL) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.06). The company had revenue of $316.10 million for the quarter, compared to analysts’ expectations of $302.07 million. Knoll had a net margin of 7.08% and a return on equity of 20.51%. Knoll’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. analysts predict that Knoll will post 1.66 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of KNL. Investors Research Corp purchased a new stake in Knoll in the fourth quarter valued at $234,000. OxFORD Asset Management LLP purchased a new stake in Knoll in the second quarter valued at $275,000. Dynamic Technology Lab Private Ltd purchased a new stake in Knoll in the second quarter valued at $300,000. Stoneridge Investment Partners LLC purchased a new stake in Knoll in the third quarter valued at $301,000. Finally, SG Americas Securities LLC boosted its holdings in Knoll by 63.6% in the third quarter. SG Americas Securities LLC now owns 15,832 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 6,156 shares during the last quarter. 90.86% of the stock is currently owned by institutional investors.

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Knoll Company Profile

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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