Knoll Inc. (NYSE:KNL) was downgraded by stock analysts at Raymond James Financial Inc. from an “outperform” rating to a “market perform” rating in a research note issued on Friday, StockTargetPrices.com reports.
Separately, Zacks Investment Research downgraded Knoll from a “buy” rating to a “hold” rating in a report on Wednesday.
Shares of Knoll (NYSE:KNL) opened at 23.00 on Friday. Knoll has a 1-year low of $16.42 and a 1-year high of $26.76. The firm’s 50-day moving average is $24.87 and its 200 day moving average is $23.85. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 16.08 and a beta of 1.11.
Knoll (NYSE:KNL) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Knoll had a return on equity of 29.87% and a net margin of 6.08%. The firm had revenue of $294.70 million for the quarter, compared to the consensus estimate of $286.95 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. Equities analysts expect that Knoll will post $1.73 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.60 annualized dividend and a yield of 2.61%. Knoll’s dividend payout ratio (DPR) is presently 41.38%.
In other news, insider Andrew B. Cogan sold 55,054 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $25.31, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sarah E. Nash sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $25.26, for a total value 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. Company insiders own 2.20% of the company’s stock.
Several large investors have recently bought and sold shares of KNL. Aperio Group LLC boosted its stake in Knoll by 74.4% in the first quarter. Aperio Group LLC now owns 36,549 shares of the company’s stock valued at $791,000 after buying an additional 15,597 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Knoll by 2.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 30,515 shares of the company’s stock valued at $661,000 after buying an additional 635 shares in the last quarter. Prudential Financial Inc. boosted its stake in Knoll by 418.0% in the first quarter. Prudential Financial Inc. now owns 212,997 shares of the company’s stock valued at $4,612,000 after buying an additional 171,876 shares in the last quarter. Algert Global LLC acquired a new stake in Knoll during the first quarter valued at $498,000. Finally, BlackRock Group LTD boosted its stake in 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 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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