Knoll Inc. (KNL) Sets New 52-Week High at $25.49
Knoll Inc. (NYSE:KNL)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $25.49 and last traded at $25.46, with a volume of 77,803 shares changing hands. The stock had previously closed at $24.93.
Several equities analysts have issued reports on the stock. BB&T Corp. boosted their price objective on shares of Knoll from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, April 25th. Zacks Investment Research raised shares of Knoll from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Wednesday, April 27th.
The stock’s 50-day moving average is $24.50 and its 200 day moving average is $21.48. The stock has a market cap of $1.22 billion and a P/E ratio of 18.66.
Knoll (NYSE:KNL) last announced its quarterly earnings data on Friday, April 22nd. The company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.06. During the same quarter in the previous year, the business posted $0.36 earnings per share. The business had revenue of $284.60 million for the quarter, compared to analyst estimates of $272.40 million. The company’s revenue was up 6.8% compared to the same quarter last year. Equities analysts anticipate that Knoll Inc. will post $1.67 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, June 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.36%.
In other news, CEO Andrew B. Cogan sold 28,403 shares of Knoll stock in a transaction dated Wednesday, April 27th. The stock was sold at an average price of $24.03, for a total transaction of $682,524.09. Following the completion of the sale, the chief executive officer now directly owns 605,266 shares in the company, valued at approximately $14,544,541.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew B. Cogan sold 20,000 shares of Knoll stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $24.01, for a total value of $480,200.00. Following the sale, the chief executive officer now owns 585,266 shares of the company’s stock, valued at $14,052,236.66. The disclosure for this sale can be found here.
Other large investors have recently made changes to their positions in the company. Monarch Partners Asset Management LLC raised its stake in shares of Knoll by 259.3% in the fourth quarter. Monarch Partners Asset Management LLC now owns 254,229 shares of the company’s stock valued at $4,780,000 after buying an additional 183,479 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Knoll during the fourth quarter valued at about $1,415,000. Boston Partners raised its stake in shares of Knoll by 5.1% in the fourth quarter. Boston Partners now owns 754,036 shares of the company’s stock valued at $14,176,000 after buying an additional 36,278 shares in the last quarter. Suntrust Banks Inc. raised its stake in shares of Knoll by 6.0% in the fourth quarter. Suntrust Banks Inc. now owns 81,662 shares of the company’s stock valued at $1,535,000 after buying an additional 4,600 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Knoll by 6.4% in the fourth quarter. Rhumbline Advisers now owns 63,942 shares of the company’s stock valued at $1,202,000 after buying an additional 3,830 shares in the last quarter.
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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