Knoll Inc. (KNL) Sets New 52-Week High at $26.08
Shares of Knoll Inc. (NYSE:KNL) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $26.08 and last traded at $25.83, with a volume of 301,484 shares traded. The stock had previously closed at $25.25.
KNL has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Knoll from a “hold” rating to a “sell” rating in a research note on Thursday, April 7th. BB&T Corp. increased their price objective 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 firm has a 50-day moving average price of $24.56 and a 200 day moving average price of $21.86. The company has a market capitalization of $1.22 billion and a PE ratio of 17.83.
Knoll (NYSE:KNL) last released its earnings results on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The company earned $294.70 million during the quarter, compared to analyst estimates of $286.95 million. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business earned $0.36 earnings per share. Equities research analysts expect that Knoll Inc. will post $1.69 EPS for the current year.
In related news, SVP Michael A. Pollner sold 6,000 shares of Knoll stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $24.31, for a total value of $145,860.00. Following the completion of the sale, the senior vice president now directly owns 36,886 shares in the company, valued at approximately $896,698.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Benjamin A. Pardo sold 4,200 shares of Knoll stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $25.16, for a total transaction of $105,672.00. Following the completion of the sale, the director now owns 26,925 shares of the company’s stock, valued at $677,433. The disclosure for this sale can be found here.
Other hedge funds have made changes to their positions in the company. Marshall Wace LLP acquired a new stake in shares of Knoll during the fourth quarter valued at approximately $1,415,000. Suntrust Banks Inc. boosted 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 last quarter. Monarch Partners Asset Management LLC boosted 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 valued at $4,780,000 after buying an additional 183,479 shares during the last quarter. Rhumbline Advisers boosted 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 last quarter. Finally, California State Teachers Retirement System boosted 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 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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