Knoll Inc. (KNL) Reaches New 1-Year High at $26.65
Knoll Inc. (NYSE:KNL) reached a new 52-week high during mid-day trading on Wednesday . The company 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 lowered shares of Knoll from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th.
The stock’s 50 day moving average price is $25.52 and its 200-day moving average price is $23.19. The stock has a market cap of $1.26 billion and a price-to-earnings ratio of 18.35.
Knoll (NYSE:KNL) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $294.70 million for the quarter, compared to the consensus estimate of $286.95 million. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. Equities research analysts forecast that Knoll Inc. will post $1.73 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Tuesday, September 13th.
In related news, SVP Michael A. Pollner sold 4,386 shares of Knoll stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $25.62, for a total transaction of $112,369.32. Following the transaction, the senior vice president now owns 32,500 shares of the company’s stock, valued at approximately $832,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sarah E. Nash sold 25,000 shares of Knoll stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $25.26, for a total transaction of $631,500.00. Following the transaction, the director now directly owns 57,805 shares in the company, valued at approximately $1,460,154.30. 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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