Shares of Knoll Inc. (NYSE:KNL) have been assigned a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating. Knoll’s rating score has declined by 33.3% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokerages have set a twelve-month consensus target price of $27.00 for the company and are expecting that the company will post $0.43 EPS for the current quarter, according to Zacks. Zacks has also given Knoll an industry rank of 60 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Knoll from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Thursday, September 15th.
Knoll (NYSE:KNL) opened at 22.64 on Wednesday. The company’s 50-day moving average is $25.18 and its 200 day moving average is $23.76. Knoll has a 12-month low of $16.42 and a 12-month high of $26.76. The stock has a market capitalization of $1.09 billion, a PE ratio of 15.83 and a beta of 1.11.
Knoll (NYSE:KNL) last announced its quarterly 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. The business earned $294.70 million during the quarter, compared to analysts’ expectations of $286.95 million. Knoll had a net margin of 6.08% and a return on equity of 29.87%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 EPS. On average, equities research analysts expect that Knoll will post $1.73 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a $0.15 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.65%. Knoll’s dividend payout ratio is 41.38%.
In other news, Director Stephen F. Fisher sold 5,020 shares of the firm’s stock in a transaction dated 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 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 filing with the SEC, which is available at the SEC website. Also, Director Sarah E. Nash sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 57,805 shares of the company’s stock, valued at $1,460,154.30. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of KNL. BlackRock Group LTD raised its position in shares of Knoll by 27.3% in the first quarter. BlackRock Group LTD now owns 108,133 shares of the company’s stock valued at $2,341,000 after buying an additional 23,216 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its position in shares of 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 during the last quarter. Silvercrest Asset Management Group LLC raised its position in shares of 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 during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of 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 during the last quarter. Finally, Neumeier Poma Investment Counsel LLC raised its position in shares of 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 during the last quarter. 92.38% of the stock is owned by hedge funds and other institutional investors.
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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