Knoll Inc. (KNL) Reaches New 12-Month High at $26.10
Knoll Inc. (NYSE:KNL)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $26.10 and last traded at $25.99, with a volume of 55,380 shares trading hands. The stock had previously closed at $25.99.
Separately, Zacks Investment Research upgraded shares of Knoll from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Wednesday, April 27th.
The company has a market capitalization of $1.25 billion and a P/E ratio of 18.24. The stock’s 50-day moving average is $25.25 and its 200-day moving average is $22.87.
Knoll (NYSE:KNL) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The firm had revenue of $294.70 million for the quarter, compared to analysts’ expectations of $286.95 million. During the same period last year, the firm earned $0.36 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts forecast that Knoll Inc. will post $1.73 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Tuesday, September 13th.
In other Knoll news, Director Sarah E. Nash sold 25,000 shares of the firm’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 completion of the transaction, the director now directly owns 57,805 shares of the company’s stock, valued at approximately $1,460,154.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Benjamin A. Pardo sold 4,200 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 26,925 shares of the company’s stock, valued at $677,433. The disclosure for this sale can be found here.
An institutional investor recently bought a new position in Knoll stock. Marshall Wace LLP acquired a new stake in Knoll Inc. (NYSE:KNL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 75,290 shares of the company’s stock, valued at approximately $1,415,000. Marshall Wace LLP owned approximately 0.16% of Knoll at the end of the most recent reporting 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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