Knoll Inc. (KNL) Rating Lowered to Market Perform at Raymond James Financial Inc.
Knoll Inc. (NYSE:KNL) was downgraded by Raymond James Financial Inc. from an “outperform” rating to a “market perform” rating in a research report issued on Friday.
Separately, Zacks Investment Research lowered Knoll from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th.
Shares of Knoll (NYSE:KNL) opened at 22.29 on Friday. The company has a 50-day moving average price of $24.71 and a 200-day moving average price of $23.95. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 15.59 and a beta of 1.08. Knoll has a 12 month low of $16.42 and a 12 month high of $26.76.
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. Knoll had a return on equity of 29.87% and a net margin of 6.08%. The company earned $294.70 million during the quarter, compared to analysts’ expectations of $286.95 million. During the same period last year, the business posted $0.36 EPS. Knoll’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts expect that Knoll will post $1.71 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were paid a $0.15 dividend. The ex-dividend date was Tuesday, September 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.69%. Knoll’s dividend payout ratio (DPR) is currently 41.38%.
In other Knoll news, 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 value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Benjamin A. Pardo sold 2,500 shares of Knoll stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $25.74, for a total value of $64,350.00. Following the completion of the transaction, the director now owns 24,425 shares in the company, valued at $628,699.50. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of the stock. Aperio Group LLC increased its stake in Knoll by 74.4% in the first quarter. Aperio Group LLC now owns 36,549 shares of the company’s stock worth $791,000 after buying an additional 15,597 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in Knoll by 2.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 30,515 shares of the company’s stock worth $661,000 after buying an additional 635 shares during the last quarter. Prudential Financial Inc. increased its stake in Knoll by 418.0% in the first quarter. Prudential Financial Inc. now owns 212,997 shares of the company’s stock worth $4,612,000 after buying an additional 171,876 shares during the last quarter. Algert Global LLC purchased a new stake in Knoll during the first quarter worth approximately $498,000. Finally, BlackRock Group LTD increased its stake in Knoll by 27.3% in the first quarter. BlackRock Group LTD now owns 108,133 shares of the company’s stock worth $2,341,000 after buying an additional 23,216 shares during the last quarter. Hedge funds and other institutional investors own 92.38% of the company’s stock.
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.
Receive News & Ratings for Knoll Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knoll Inc. and related companies with MarketBeat.com's FREE daily email newsletter.