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 research note on Friday, September 30th.
Knoll (NYSE:KNL) opened at 21.55 on Wednesday. The firm has a market cap of $1.04 billion, a P/E ratio of 15.07 and a beta of 1.08. Knoll has a 1-year low of $16.42 and a 1-year high of $26.76. The firm has a 50-day moving average of $24.34 and a 200 day moving average of $23.94.
Knoll (NYSE:KNL) last issued its earnings results on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, beating 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 business had revenue of $294.70 million for the quarter, compared to the consensus estimate of $286.95 million. During the same quarter last year, the firm posted $0.36 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, analysts predict that Knoll will post $1.67 EPS for the current year.
The company 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 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Tuesday, September 13th. Knoll’s dividend payout ratio (DPR) is 41.38%.
In other Knoll news, Director Stephen F. Fisher sold 5,020 shares of the firm’s 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 transaction, the director now directly owns 42,594 shares of the company’s stock, valued at approximately $1,101,480.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Andrew B. Cogan sold 55,054 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $25.31, for a total transaction of $1,393,416.74. Following the transaction, the insider now directly owns 530,212 shares of the company’s stock, valued at $13,419,665.72. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. New York State Teachers Retirement System bought a new position in shares of Knoll during the second quarter valued at $102,000. BNP Paribas Arbitrage SA raised its position in shares of 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 in the last quarter. Acrospire Investment Management LLC raised its position in shares of 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 in the last quarter. Walleye Trading LLC bought a new position in shares of Knoll during the second quarter valued at $119,000. Finally, BlackRock Japan Co. Ltd raised its position in shares of 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 in the last quarter. 92.40% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Knoll Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knoll Inc. and related companies with MarketBeat.com's FREE daily email newsletter.