Knoll (KNL) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of Knoll (NYSE:KNL) from a buy rating to a hold rating in a research note published on Wednesday morning.

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. “

A number of other research analysts also recently weighed in on KNL. ValuEngine downgraded Knoll from a buy rating to a hold rating in a research note on Friday, February 2nd. TheStreet raised Knoll from a c+ rating to a b- rating in a research note on Friday, November 17th. Finally, Raymond James Financial raised Knoll from an outperform rating to a strong-buy rating and increased their price target for the company from $23.00 to $26.00 in a research note on Tuesday, December 26th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $26.00.

Knoll (NYSE KNL) opened at $22.18 on Wednesday. The company has a market capitalization of $1,115.31, a price-to-earnings ratio of 13.61 and a beta of 0.98. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.31 and a quick ratio of 0.62. Knoll has a 12-month low of $16.57 and a 12-month high of $24.47.

Knoll (NYSE:KNL) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.06). The firm had revenue of $316.10 million during the quarter, compared to the consensus estimate of $302.07 million. Knoll had a net margin of 7.08% and a return on equity of 20.51%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 earnings per share. equities research analysts predict that Knoll will post 1.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Wednesday, March 14th. Knoll’s dividend payout ratio (DPR) is currently 36.81%.

Hedge funds have recently bought and sold shares of the company. Investors Research Corp acquired a new position in shares of Knoll in the 4th quarter valued at $234,000. Gotham Asset Management LLC acquired a new stake in Knoll during the 4th quarter worth $262,000. OxFORD Asset Management LLP acquired a new stake in Knoll during the 2nd quarter worth $275,000. Dynamic Technology Lab Private Ltd acquired a new stake in Knoll during the 2nd quarter worth $300,000. Finally, Stoneridge Investment Partners LLC acquired a new stake in Knoll during the 3rd quarter worth $301,000. 90.86% of the stock is currently owned by institutional investors.

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About Knoll

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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