Knoll (KNL) Lowered to Sell at ValuEngine

ValuEngine cut shares of Knoll (NYSE:KNL) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

Separately, Zacks Investment Research upgraded shares of Knoll from a hold rating to a buy rating and set a $25.00 target price on the stock in a report on Saturday, August 4th.

Shares of KNL opened at $19.09 on Wednesday. The firm has a market capitalization of $964.44 million, a P/E ratio of 12.12 and a beta of 1.07. Knoll has a one year low of $18.91 and a one year high of $24.29. The company has a current ratio of 1.30, a quick ratio of 0.61 and a debt-to-equity ratio of 1.28.

Knoll (NYSE:KNL) last announced its earnings results on Monday, October 29th. The business services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. The firm had revenue of $327.70 million for the quarter, compared to the consensus estimate of $327.67 million. Knoll had a net margin of 6.44% and a return on equity of 21.81%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. On average, research analysts expect that Knoll will post 1.79 EPS for the current fiscal year.

In other news, SVP Roxanne B. Klein sold 1,835 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $22.90, for a total transaction of $42,021.50. Following the transaction, the senior vice president now owns 16,592 shares in the company, valued at approximately $379,956.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP David L. Schutte sold 5,000 shares of the business’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $23.11, for a total transaction of $115,550.00. Following the transaction, the executive vice president now owns 55,735 shares in the company, valued at approximately $1,288,035.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,835 shares of company stock worth $626,175. Insiders own 1.90% of the company’s stock.

Several large investors have recently bought and sold shares of KNL. Guggenheim Capital LLC increased its holdings in shares of Knoll by 89.0% during the 1st quarter. Guggenheim Capital LLC now owns 99,912 shares of the business services provider’s stock worth $2,016,000 after purchasing an additional 47,051 shares during the period. Xact Kapitalforvaltning AB increased its holdings in shares of Knoll by 29.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 11,381 shares of the business services provider’s stock worth $230,000 after purchasing an additional 2,600 shares during the period. Allianz Asset Management GmbH increased its holdings in shares of Knoll by 31.8% during the 1st quarter. Allianz Asset Management GmbH now owns 318,027 shares of the business services provider’s stock worth $6,421,000 after purchasing an additional 76,730 shares during the period. Deprince Race & Zollo Inc. increased its stake in Knoll by 21.8% in the second quarter. Deprince Race & Zollo Inc. now owns 753,995 shares of the business services provider’s stock valued at $15,691,000 after acquiring an additional 135,125 shares during the period. Finally, Greenwich Wealth Management LLC increased its stake in Knoll by 16.3% in the second quarter. Greenwich Wealth Management LLC now owns 19,984 shares of the business services provider’s stock valued at $416,000 after acquiring an additional 2,801 shares during the period. Institutional investors own 90.19% of the company’s stock.

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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