Knoll Inc. (KNL) Sets New 1-Year High at $26.10
Knoll Inc. (NYSE:KNL)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $26.10 and last traded at $25.99, with a volume of 55,380 shares. The stock had previously closed at $25.99.
Separately, Zacks Investment Research raised shares of Knoll from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Tuesday, August 2nd.
The stock has a market cap of $1.26 billion and a PE ratio of 18.30. The stock has a 50-day moving average price of $25.37 and a 200-day moving average price of $22.95.
Knoll (NYSE:KNL) last announced its earnings results on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. During the same quarter in the prior year, the company earned $0.36 EPS. The business had revenue of $294.70 million for the quarter, compared to the consensus estimate of $286.95 million. Knoll’s revenue was up 9.7% compared to the same quarter last year. On average, analysts anticipate that Knoll Inc. will post $1.73 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.29%.
In related news, Director Benjamin A. Pardo sold 4,200 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 26,925 shares in the company, valued at $677,433. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Stephen F. Fisher sold 5,020 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $25.86, for a total value of $129,817.20. Following the transaction, the director now owns 42,594 shares of the company’s stock, valued at approximately $1,101,480.84. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Knoll stock. Rhumbline Advisers raised its position in shares of Knoll Inc. (NYSE:KNL) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,942 shares of the company’s stock after buying an additional 3,830 shares during the period. Rhumbline Advisers owned approximately 0.13% of Knoll worth $1,202,000 as of its most recent SEC filing.
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.