Knoll Inc (NYSE:KNL) has received an average recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $27.00.
A number of brokerages recently issued reports on KNL. Zacks Investment Research cut Knoll from a “buy” rating to a “hold” rating in a report on Friday, January 12th. ValuEngine cut Knoll from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Raymond James Financial upgraded Knoll from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $23.00 to $26.00 in a report on Tuesday, December 26th.
In related news, EVP David L. Schutte sold 2,358 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $21.57, for a total value of $50,862.06. Following the transaction, the executive vice president now directly owns 58,735 shares in the company, valued at approximately $1,266,913.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.90% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of KNL. Xact Kapitalforvaltning AB bought a new position in Knoll during the 4th quarter valued at $202,000. Investors Research Corp bought a new position in Knoll during the 4th quarter valued at $234,000. Gotham Asset Management LLC bought a new position in Knoll during the 4th quarter valued at $262,000. SG Americas Securities LLC lifted its stake in Knoll by 63.6% during the 3rd quarter. SG Americas Securities LLC now owns 15,832 shares of the business services provider’s stock valued at $317,000 after acquiring an additional 6,156 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Knoll during the 4th quarter valued at $393,000. Institutional investors and hedge funds own 92.38% of the company’s stock.
Shares of KNL opened at $20.53 on Tuesday. Knoll has a 12-month low of $16.57 and a 12-month high of $24.47. The company has a current ratio of 1.25, a quick ratio of 0.60 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1,029.61, a P/E ratio of 14.88 and a beta of 1.01.
Knoll (NYSE:KNL) last issued its earnings results on Thursday, February 8th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.06). Knoll had a return on equity of 19.97% and a net margin of 7.08%. The firm had revenue of $316.10 million during the quarter, compared to the consensus estimate of $302.07 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. Knoll’s revenue for the quarter was up 7.9% on a year-over-year basis. sell-side analysts forecast that Knoll will post 1.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Wednesday, March 14th. Knoll’s dividend payout ratio is currently 43.48%.
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Knoll Company Profile
Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, textiles, fine leathers, and felt for the workplace and residential markets in the United States, Canada, and Europe. The company operates through three segments: Office, Studio, and Coverings.
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