Knoll Inc. (KNL) Trading Up 1.9%
Shares of Knoll Inc. (NYSE:KNL) were up 1.9% during trading on Friday . The stock traded as high as $25.75 and last traded at $25.64, with a volume of 112,024 shares changing hands. The stock had previously closed at $25.17.
Several analysts have recently commented on KNL shares. BB&T Corp. increased their target price on shares of Knoll from $26.00 to $27.00 and gave the company a “buy” rating in a report on Monday, April 25th. Zacks Investment Research upgraded shares of Knoll from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Tuesday, August 2nd.
The stock has a market capitalization of $1.23 billion and a P/E ratio of 17.90. The company’s 50 day moving average is $25.14 and its 200 day moving average is $22.67.
Knoll (NYSE:KNL) last issued its earnings results on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm earned $294.70 million during the quarter, compared to analysts’ expectations of $286.95 million. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 earnings per share. Analysts expect that Knoll Inc. will post $1.73 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.34%. The ex-dividend date is Tuesday, September 13th.
In other news, Director Sarah E. Nash sold 25,000 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $25.26, for a total transaction of $631,500.00. Following the sale, the director now owns 57,805 shares in the company, valued at approximately $1,460,154.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Andrew B. Cogan sold 20,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 585,266 shares in the company, valued at approximately $14,052,236.66. The disclosure for this sale can be found here.
Several hedge funds have made changes to their positions in KNL. Marshall Wace LLP acquired a new stake in shares of Knoll during the fourth quarter worth 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 worth $1,535,000 after buying an additional 4,600 shares during the period. Finally, 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 worth $1,202,000 after buying an additional 3,830 shares during the period.
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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