According to Zacks, “Knoll Inc, a leading designer and manufacturer of branded office furniture products and textiles, serves clients worldwide. Their commitment to innovation and modern design has yielded a comprehensive portfolio of products designed to provide enduring value and help clients shape their workplaces with imagination and vision. “
Separately, Raymond James Financial Inc. downgraded shares of Knoll from an outperform rating to a market perform rating in a report on Friday, September 30th.
Shares of Knoll (NYSE:KNL) opened at 22.00 on Wednesday. The stock’s 50 day moving average price is $24.53 and its 200 day moving average price is $23.95. Knoll has a one year low of $16.42 and a one year high of $26.76. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 15.38 and a beta of 1.07.
Knoll (NYSE:KNL) last posted its earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm earned $294.70 million during the quarter, compared to the consensus estimate of $286.95 million. During the same quarter last year, the firm earned $0.36 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. Analysts forecast 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. 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 2.73%. Knoll’s dividend payout ratio (DPR) is 41.38%.
In other Knoll news, Director Stephen F. Fisher sold 5,020 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $25.86, for a total value of $129,817.20. Following the completion of the transaction, the director now owns 42,594 shares in the company, valued at $1,101,480.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sarah E. Nash sold 25,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 57,805 shares of the company’s stock, valued at approximately $1,460,154.30. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new position in Knoll during the second quarter valued at approximately $102,000. BNP Paribas Arbitrage SA increased its position in Knoll by 85.6% in the third quarter. BNP Paribas Arbitrage SA now owns 4,546 shares of the company’s stock valued at $104,000 after buying an additional 2,097 shares during the period. Acrospire Investment Management LLC increased its position in Knoll by 404.0% in the second quarter. Acrospire Investment Management LLC now owns 4,491 shares of the company’s stock valued at $109,000 after buying an additional 3,600 shares during the period. Walleye Trading LLC acquired a new position in Knoll during the second quarter valued at approximately $119,000. Finally, BlackRock Japan Co. Ltd increased its position in Knoll by 41.4% in the first quarter. BlackRock Japan Co. Ltd now owns 6,523 shares of the company’s stock valued at $141,000 after buying an additional 1,910 shares during the period. Institutional investors and hedge funds 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.
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