Knoll Inc. (KNL) Sets New 1-Year High at $25.68
Shares of Knoll Inc. (NYSE:KNL) hit a new 52-week high on Tuesday . The stock traded as high as $25.68 and last traded at $25.53, with a volume of 58,124 shares trading hands. The stock had previously closed at $25.37.
Several equities research analysts have recently commented on KNL shares. Zacks Investment Research raised Knoll from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, April 27th. BB&T Corp. upped their target price on Knoll from $26.00 to $27.00 and gave the company a “buy” rating in a report on Monday, April 25th.
The company has a market capitalization of $1.19 billion and a price-to-earnings ratio of 18.28. The company’s 50 day moving average is $24.56 and its 200 day moving average is $21.78.
Knoll (NYSE:KNL) last issued its earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.02. The company earned $294.70 million during the quarter, compared to analyst estimates of $286.95 million. During the same period in the previous year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts anticipate that Knoll Inc. will post $1.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.34%.
In related news, SVP Michael A. Pollner sold 6,000 shares of the firm’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $24.31, for a total transaction of $145,860.00. Following the completion of the sale, the senior vice president now directly owns 36,886 shares of the company’s stock, valued at approximately $896,698.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Roger B. Wall sold 9,682 shares of the firm’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $24.23, for a total value of $234,594.86. Following the sale, the insider now directly owns 77,666 shares of the company’s stock, valued at $1,881,847.18. The disclosure for this sale can be found here.
A number of large investors have added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its stake in Knoll by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 90,467 shares of the company’s stock worth $1,701,000 after buying an additional 1,420 shares in the last quarter. Rhumbline Advisers boosted its stake in Knoll by 6.4% in the fourth quarter. Rhumbline Advisers now owns 63,942 shares of the company’s stock worth $1,202,000 after buying an additional 3,830 shares in the last quarter. Suntrust Banks Inc. boosted its stake in Knoll by 6.0% in the fourth quarter. Suntrust Banks Inc. now owns 81,662 shares of the company’s stock worth $1,535,000 after buying an additional 4,600 shares in the last quarter. Boston Partners boosted its stake in Knoll by 5.1% in the fourth quarter. Boston Partners now owns 754,036 shares of the company’s stock worth $14,176,000 after buying an additional 36,278 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Knoll during the fourth quarter worth $1,415,000.
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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