Knoll Inc. (KNL) Reaches New 52-Week High at $25.68
Knoll Inc. (NYSE:KNL) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $25.68 and last traded at $25.53, with a volume of 58,124 shares. The stock had previously closed at $25.37.
Several research analysts have commented on the stock. Zacks Investment Research raised shares of Knoll from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, April 27th. BB&T Corp. lifted their price target on shares of Knoll from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, April 25th.
The company has a 50-day moving average of $24.54 and a 200 day moving average of $21.69. The stock has a market cap of $1.22 billion and a P/E ratio of 18.74.
Knoll (NYSE:KNL) last posted its quarterly earnings data on Friday, April 22nd. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.06. During the same quarter in the prior year, the firm posted $0.36 EPS. The firm earned $284.60 million during the quarter, compared to analysts’ expectations of $272.40 million. Knoll’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, analysts anticipate that Knoll Inc. will post $1.67 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were issued a $0.15 dividend. The ex-dividend date was Monday, June 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.35%.
In other Knoll news, CEO Andrew B. Cogan sold 28,403 shares of the company’s stock in a transaction dated Wednesday, April 27th. The stock was sold at an average price of $24.03, for a total transaction of $682,524.09. Following the sale, the chief executive officer now owns 605,266 shares in the company, valued at approximately $14,544,541.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Burton B. Staniar sold 28,417 shares of the company’s stock in a transaction dated Wednesday, April 27th. The stock was sold at an average price of $23.92, for a total value of $679,734.64. Following the sale, the chairman now owns 118,102 shares in the company, valued at approximately $2,824,999.84. The disclosure for this sale can be found here.
Other large investors recently modified their holdings of the company. California State Teachers Retirement System increased its stake in shares of Knoll by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 90,467 shares of the company’s stock valued at $1,701,000 after buying an additional 1,420 shares during the period. 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 valued at $1,202,000 after buying an additional 3,830 shares during the period. 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 valued at $1,535,000 after buying an additional 4,600 shares during the period. 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 valued at $14,176,000 after buying an additional 36,278 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Knoll during the fourth quarter valued at $1,415,000.
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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