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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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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.


 Comment on this Post

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