Zacks: Analysts Set $27.00 Target Price for Knoll Inc. (NYSE:KNL)
Shares of Knoll Inc. (NYSE:KNL) have been given a consensus broker rating score of 2.00 (Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating. Knoll’s rating score has declined by 33.3% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 12-month consensus price target of $27.00 for the company and are forecasting that the company will post $0.43 EPS for the current quarter, according to Zacks. Zacks has also given Knoll an industry rank of 112 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised Knoll from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Thursday, September 15th.
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Shares of Knoll (NYSE:KNL) traded up 0.04% during midday trading on Wednesday, hitting $22.30. The stock had a trading volume of 214,821 shares. The firm has a market capitalization of $1.07 billion, a PE ratio of 15.59 and a beta of 1.11. Knoll has a one year low of $16.42 and a one year high of $26.76. The firm’s 50-day moving average price is $25.40 and its 200-day moving average price is $23.76.
Knoll (NYSE:KNL) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Knoll had a return on equity of 29.87% and a net margin of 6.08%. The business earned $294.70 million during the quarter, compared to analysts’ expectations of $286.95 million. During the same period in the previous year, the firm earned $0.36 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts predict that Knoll will post $1.73 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $0.60 dividend on an annualized basis and a yield of 2.69%. Knoll’s payout ratio is 41.38%.
In other news, Director Benjamin A. Pardo sold 2,500 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $25.74, for a total value of $64,350.00. Following the sale, the director now directly owns 24,425 shares in the company, valued at $628,699.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen F. Fisher sold 5,020 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $25.86, for a total value of $129,817.20. Following the completion of the sale, the director now owns 42,594 shares in the company, valued at $1,101,480.84. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of KNL. New York State Teachers Retirement System purchased a new stake in shares of Knoll during the second quarter worth approximately $102,000. Acrospire Investment Management LLC raised its stake in shares of Knoll by 404.0% in the second quarter. Acrospire Investment Management LLC now owns 4,491 shares of the company’s stock worth $109,000 after buying an additional 3,600 shares during the period. Walleye Trading LLC purchased a new stake in shares of Knoll during the second quarter worth approximately $119,000. BlackRock Japan Co. Ltd raised its stake in shares of Knoll by 41.4% in the first quarter. BlackRock Japan Co. Ltd now owns 6,523 shares of the company’s stock worth $141,000 after buying an additional 1,910 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Knoll by 271.1% in the second quarter. Sei Investments Co. now owns 6,569 shares of the company’s stock worth $160,000 after buying an additional 4,799 shares during the period. Institutional investors own 92.38% of the company’s stock.
Knoll Company Profile
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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