Zacks: Analysts Set $27.00 Price Target for Knoll Inc (KNL)

Knoll Inc (NYSE:KNL) has earned an average broker rating score of 0.00 () from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.

Analysts have set a 12 month consensus price objective of $27.00 for the company and are anticipating that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also given Knoll an industry rank of 189 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded shares of Knoll from a “sell” rating to a “hold” rating in a research report on Wednesday, November 30th.

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Knoll (NYSE:KNL) opened at 22.85 on Thursday. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 13.60 and a beta of 1.17. Knoll has a 12 month low of $19.53 and a 12 month high of $28.40. The firm’s 50-day moving average is $23.95 and its 200 day moving average is $24.65.

Knoll (NYSE:KNL) last issued its quarterly earnings data on Friday, February 10th. The company reported $0.44 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. The firm had revenue of $292.90 million for the quarter. Knoll had a net margin of 7.01% and a return on equity of 28.95%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. Equities analysts predict that Knoll will post $1.68 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be given a $0.15 dividend. The ex-dividend date is Monday, March 13th. This represents a $0.60 annualized dividend and a yield of 2.63%. Knoll’s dividend payout ratio is presently 35.71%.

A number of hedge funds have recently modified their holdings of KNL. Acrospire Investment Management LLC increased its stake in shares of Knoll by 31.0% in the third quarter. Acrospire Investment Management LLC now owns 5,881 shares of the company’s stock valued at $134,000 after buying an additional 1,390 shares in the last quarter. BlackRock Japan Co. Ltd increased its stake in shares of Knoll by 2.4% in the third quarter. BlackRock Japan Co. Ltd now owns 6,451 shares of the company’s stock valued at $147,000 after buying an additional 153 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in shares of Knoll during the fourth quarter valued at $198,000. SG Americas Securities LLC purchased a new stake in shares of Knoll during the third quarter valued at $230,000. Finally, Wexford Capital LP purchased a new stake in shares of Knoll during the fourth quarter valued at $234,000. Hedge funds and other institutional investors own 90.92% of the company’s stock.

About Knoll

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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