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. “
Knoll (NYSE:KNL) opened at 22.85 on Wednesday. The firm has a market cap of $1.10 billion, a P/E ratio of 15.98 and a beta of 1.08. The stock has a 50 day moving average price of $24.80 and a 200 day moving average price of $23.87. Knoll has a 52-week low of $16.42 and a 52-week high of $26.76.
Knoll (NYSE:KNL) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Knoll had a net margin of 6.08% and a return on equity of 29.87%. The business earned $294.70 million during the quarter, compared to analyst estimates of $286.95 million. During the same period in the previous year, the business earned $0.36 EPS. Knoll’s revenue was up 9.7% compared to the same quarter last year. Equities analysts predict that Knoll will post $1.71 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.63%. Knoll’s dividend payout ratio (DPR) is currently 41.38%.
In other news, Director Stephen F. Fisher sold 5,020 shares of Knoll stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $25.86, for a total transaction of $129,817.20. Following the completion of the sale, the director now directly owns 42,594 shares of the company’s stock, valued at approximately $1,101,480.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John F. Maypole sold 4,000 shares of Knoll stock in a transaction on Monday, August 8th. The stock was sold at an average price of $25.35, for a total transaction of $101,400.00. Following the sale, the director now directly owns 32,358 shares of the company’s stock, valued at $820,275.30. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
Several hedge funds have recently bought and sold shares of KNL. 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 in the last quarter. Silvercrest Asset Management Group LLC increased its stake in Knoll by 1.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 3,036,717 shares of the company’s stock valued at $65,745,000 after buying an additional 28,934 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in Knoll by 87.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,823,754 shares of the company’s stock valued at $39,484,000 after buying an additional 850,000 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Knoll by 11.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,050,790 shares of the company’s stock valued at $44,400,000 after buying an additional 212,652 shares in the last quarter. Finally, Neumeier Poma Investment Counsel LLC increased its stake in Knoll by 14.1% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 929,555 shares of the company’s stock valued at $20,125,000 after buying an additional 115,175 shares in the last quarter. 92.38% of the stock is owned by institutional investors.
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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