Knoll Inc. (KNL) Hits New 12-Month High at $25.49
Knoll Inc. (NYSE:KNL)’s share price hit a new 52-week high on Wednesday . The company traded as high as $25.49 and last traded at $25.46, with a volume of 77,803 shares traded. The stock had previously closed at $24.93.
A number of brokerages have weighed in on KNL. Zacks Investment Research raised Knoll from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Wednesday, April 27th. BB&T Corp. upped their price target on shares of Knoll from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, April 25th.
The firm has a market capitalization of $1.20 billion and a PE ratio of 18.32. The company’s 50 day moving average is $24.51 and its 200-day moving average is $21.54.
Knoll (NYSE:KNL) last issued its quarterly earnings data on Friday, April 22nd. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The company had revenue of $284.60 million for the quarter, compared to the consensus estimate of $272.40 million. Knoll’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. On average, equities research analysts expect that Knoll Inc. will post $1.67 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Monday, June 13th.
In related news, Director Benjamin A. Pardo sold 4,200 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $25.16, for a total transaction of $105,672.00. Following the sale, the director now owns 26,925 shares of the company’s stock, valued at $677,433. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Pamela J. Ahrens sold 4,233 shares of the firm’s stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $23.72, for a total value of $100,406.76. Following the sale, the vice president now directly owns 27,500 shares in the company, valued at approximately $652,300. The disclosure for this sale can be found here.
A number of large investors recently modified their holdings of the stock. Monarch Partners Asset Management LLC increased its stake in shares of Knoll by 259.3% in the fourth quarter. Monarch Partners Asset Management LLC now owns 254,229 shares of the company’s stock worth $4,780,000 after buying an additional 183,479 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Knoll during the fourth quarter worth $1,415,000. Boston Partners increased its stake in shares of Knoll by 5.1% in the fourth quarter. Boston Partners now owns 754,036 shares of the company’s stock worth $14,176,000 after buying an additional 36,278 shares during the last quarter. Suntrust Banks Inc. increased its stake in shares of Knoll by 6.0% in the fourth quarter. Suntrust Banks Inc. now owns 81,662 shares of the company’s stock worth $1,535,000 after buying an additional 4,600 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Knoll by 6.4% in the fourth quarter. Rhumbline Advisers now owns 63,942 shares of the company’s stock worth $1,202,000 after buying an additional 3,830 shares during the last quarter.
Knoll, Inc is a designer and manufacturer of furnishings, textiles and leather for the workplace and home. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes systems, seating, storage, tables, desks and KnollExtra ergonomic accessories, as well as the international sales of its North American Office products.
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