Knoll, Inc. (NYSE:KNL) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a report released on Friday.
Other equities research analysts also recently issued research reports about the company. Sidoti started coverage on Knoll in a report on Wednesday, August 16th. They issued a “buy” rating and a $28.00 price objective on the stock. Zacks Investment Research upgraded Knoll from a “strong sell” rating to a “hold” rating in a report on Monday, October 2nd. Raymond James Financial, Inc. upgraded Knoll from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Monday, August 28th. Finally, UBS AG upgraded Knoll from a “market perform” rating to an “outperform” rating in a report on Monday, August 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.00.
Shares of Knoll (KNL) traded down $0.23 during trading on Friday, hitting $20.71. The stock had a trading volume of 308,500 shares, compared to its average volume of 402,345. Knoll has a twelve month low of $16.57 and a twelve month high of $28.40. The firm has a market cap of $1,020.00, a price-to-earnings ratio of 14.64 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 0.62 and a debt-to-equity ratio of 0.61.
Knoll (NYSE:KNL) last announced its quarterly earnings results on Monday, October 23rd. The business services provider reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The business had revenue of $291.26 million for the quarter, compared to analyst estimates of $277.40 million. Knoll had a return on equity of 21.94% and a net margin of 6.21%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 EPS. research analysts expect that Knoll will post 1.42 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in KNL. FMR LLC increased its holdings in shares of Knoll by 28.1% in the 2nd quarter. FMR LLC now owns 4,036,259 shares of the business services provider’s stock valued at $80,927,000 after acquiring an additional 884,982 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Knoll by 121.0% in the 2nd quarter. Alliancebernstein L.P. now owns 1,406,649 shares of the business services provider’s stock valued at $28,203,000 after purchasing an additional 770,256 shares during the period. Vanguard Group Inc. boosted its position in shares of Knoll by 13.6% in the 1st quarter. Vanguard Group Inc. now owns 5,092,124 shares of the business services provider’s stock valued at $121,243,000 after purchasing an additional 611,172 shares during the period. Macquarie Group Ltd. boosted its position in shares of Knoll by 29.5% in the 3rd quarter. Macquarie Group Ltd. now owns 1,795,464 shares of the business services provider’s stock valued at $35,909,000 after purchasing an additional 409,142 shares during the period. Finally, Voya Investment Management LLC boosted its position in shares of Knoll by 36.8% in the 2nd quarter. Voya Investment Management LLC now owns 1,382,277 shares of the business services provider’s stock valued at $27,714,000 after purchasing an additional 372,058 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.
Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.
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