Knoll (NYSE:KNL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday.

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. “

Separately, ValuEngine lowered shares of Knoll from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th.

Knoll stock opened at $17.94 on Friday. Knoll has a twelve month low of $17.86 and a twelve month high of $24.29. The company has a market capitalization of $917.22 million, a price-to-earnings ratio of 13.00 and a beta of 1.04. The company has a current ratio of 1.28, a quick ratio of 0.60 and a debt-to-equity ratio of 1.20.

Knoll (NYSE:KNL) last announced its quarterly earnings results on Monday, October 29th. The business services provider reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Knoll had a net margin of 6.44% and a return on equity of 21.51%. The company had revenue of $327.70 million for the quarter, compared to analyst estimates of $327.67 million. During the same quarter in the prior year, the business posted $0.39 EPS. Knoll’s quarterly revenue was up 12.5% on a year-over-year basis. Equities research analysts forecast that Knoll will post 1.79 earnings per share for the current year.

In other news, Director John F. Maypole bought 1,500 shares of the stock in a transaction that occurred on Friday, November 2nd. The shares were acquired at an average cost of $20.01 per share, for a total transaction of $30,015.00. Following the purchase, the director now owns 27,622 shares of the company’s stock, valued at approximately $552,716.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.90% of the company’s stock.

A number of large investors have recently bought and sold shares of KNL. Sun Life Financial INC acquired a new position in Knoll in the 2nd quarter valued at $143,000. Lido Advisors LLC acquired a new position in Knoll in the 3rd quarter valued at $201,000. Trexquant Investment LP acquired a new position in Knoll in the 3rd quarter valued at $206,000. Engineers Gate Manager LP acquired a new position in Knoll in the 2nd quarter valued at $269,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Knoll in the 3rd quarter valued at $316,000. Institutional investors and hedge funds own 90.56% of the company’s stock.

Knoll Company Profile

Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, textiles, fine leathers, and felt for the workplace and residential markets in the United States, Canada, and Europe. The company operates through three segments: Office, Studio, and Coverings.

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