Separately, Zacks Investment Research lowered shares of Knoll from a buy rating to a hold rating in a research report on Wednesday, September 28th.
Knoll (NYSE:KNL) opened at 22.00 on Friday. The company has a 50-day moving average of $24.53 and a 200-day moving average of $23.95. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 15.38 and a beta of 1.07. Knoll has a 1-year low of $16.42 and a 1-year high of $26.76.
Knoll (NYSE:KNL) last announced 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. Knoll had a net margin of 6.08% and a return on equity of 29.87%. The company had revenue of $294.70 million for the quarter, compared to analyst estimates of $286.95 million. During the same period in the prior year, the business earned $0.36 earnings per share. Knoll’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts predict that Knoll will post $1.71 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Tuesday, September 13th. Knoll’s dividend payout ratio (DPR) is 41.38%.
In related news, insider Andrew B. Cogan sold 55,054 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $25.31, for a total transaction of $1,393,416.74. Following the completion of the sale, the insider now directly owns 530,212 shares of the company’s stock, valued at $13,419,665.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen F. Fisher sold 5,020 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $25.86, for a total transaction of $129,817.20. Following the sale, the director now directly owns 42,594 shares of the company’s stock, valued at $1,101,480.84. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.
Several large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its stake in Knoll by 85.6% in the third quarter. BNP Paribas Arbitrage SA now owns 4,546 shares of the company’s stock worth $104,000 after buying an additional 2,097 shares during the period. Norman Fields Gottscho Capital Management LLC acquired a new stake in Knoll during the third quarter worth $392,000. Royal Bank of Canada increased its stake in Knoll by 1.9% in the second quarter. Royal Bank of Canada now owns 77,942 shares of the company’s stock worth $1,893,000 after buying an additional 1,443 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Knoll by 0.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 217,928 shares of the company’s stock worth $5,292,000 after buying an additional 958 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new stake in Knoll during the second quarter worth $408,000. 92.38% of the stock is owned by institutional investors and hedge funds.
Knoll Company Profile
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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