Knoll Inc. (KNL) Sets New 52-Week High at $26.65
Knoll Inc. (NYSE:KNL)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $26.65 and last traded at $26.45, with a volume of 80,196 shares trading hands. The stock had previously closed at $26.49.
Separately, Zacks Investment Research raised shares of Knoll from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Tuesday, August 2nd.
The company has a market capitalization of $1.27 billion and a P/E ratio of 18.514. The stock has a 50-day moving average price of $25.46 and a 200-day moving average price of $23.15.
Knoll (NYSE:KNL) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The company earned $294.70 million during the quarter, compared to the consensus estimate of $286.95 million. The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. On average, analysts anticipate 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. Shareholders of record on Thursday, September 15th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.27%.
In other Knoll news, insider Andrew B. Cogan sold 55,054 shares of Knoll stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $25.31, for a total value of $1,393,416.74. Following the sale, the insider now directly owns 530,212 shares in the company, valued at approximately $13,419,665.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen F. Fisher sold 5,020 shares of Knoll stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $25.86, for a total transaction of $129,817.20. Following the completion of the sale, the director now owns 42,594 shares in the company, valued at $1,101,480.84. The disclosure for this sale can be found here.
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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