Knoll Inc. (KNL) Trading Up 1.9%
Knoll Inc. (NYSE:KNL)’s share price was up 1.9% during trading on Friday . The company traded as high as $25.75 and last traded at $25.64, with a volume of 112,024 shares trading hands. The stock had previously closed at $25.17.
A number of equities analysts have recently commented on KNL shares. Zacks Investment Research downgraded shares of Knoll from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. BB&T Corp. raised their price target on shares of Knoll from $26.00 to $27.00 and gave the company a “buy” rating in a report on Monday, April 25th.
The stock has a market capitalization of $1.23 billion and a price-to-earnings ratio of 17.90. The firm’s 50 day moving average price is $25.14 and its 200-day moving average price is $22.67.
Knoll (NYSE:KNL) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. The company had revenue of $294.70 million for the quarter, compared to analysts’ expectations of $286.95 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities research analysts anticipate that Knoll Inc. will post $1.73 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Tuesday, September 13th.
In related news, Director Benjamin A. Pardo sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $25.74, for a total transaction of $64,350.00. Following the transaction, the director now directly owns 24,425 shares of the company’s stock, valued at $628,699.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew B. Cogan sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $24.01, for a total transaction of $480,200.00. Following the transaction, the chief executive officer now directly owns 585,266 shares in the company, valued at $14,052,236.66. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors recently made changes to their positions in the stock. Rhumbline Advisers increased its position 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. Marshall Wace LLP bought a new position in shares of Knoll during the fourth quarter worth approximately $1,415,000. Finally, Suntrust Banks Inc. increased its position 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.
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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