Knoll Inc. (KNL) Sets New 52-Week High at $26.08
Knoll Inc. (NYSE:KNL) reached a new 52-week high during trading on Monday . The stock traded as high as $26.08 and last traded at $25.83, with a volume of 301,484 shares. The stock had previously closed at $25.25.
Several research firms have recently commented on KNL. Zacks Investment Research upgraded Knoll from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. BB&T Corp. upped their price objective on 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 market capitalization of $1.21 billion and a PE ratio of 17.62. The company has a 50 day moving average of $24.62 and a 200-day moving average of $22.04.
Knoll (NYSE:KNL) last announced its earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The firm earned $294.70 million during the quarter, compared to analyst estimates of $286.95 million. During the same quarter last year, the business earned $0.36 earnings per share. Knoll’s revenue was up 9.7% on a year-over-year basis. Equities research analysts anticipate that Knoll Inc. will post $1.73 earnings per share for the current fiscal year.
In other news, insider Roger B. Wall sold 9,682 shares of Knoll stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $24.23, for a total transaction of $234,594.86. Following the completion of the sale, the insider now directly owns 77,666 shares in the company, valued at $1,881,847.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew B. Cogan sold 20,000 shares of Knoll stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $24.01, for a total transaction of $480,200.00. Following the sale, the chief executive officer now owns 585,266 shares of the company’s stock, valued at $14,052,236.66. The disclosure for this sale can be found here.
Several large investors recently bought and sold shares of KNL. California State Teachers Retirement System increased its stake in 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. Suntrust Banks Inc. increased its stake in 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. Marshall Wace LLP bought a new stake in Knoll during the fourth quarter valued at approximately $1,415,000. Finally, Rhumbline Advisers increased its stake in 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.
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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