Knoll, Inc. (KNL) Given Consensus Rating of “Hold” by Analysts
Knoll, Inc. (NYSE:KNL) has been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $24.00.
KNL has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Knoll from a “strong sell” rating to a “hold” rating in a research report on Monday, October 2nd. TheStreet lowered shares of Knoll from a “b-” rating to a “c+” rating in a research report on Thursday, September 7th. Sidoti initiated coverage on shares of Knoll in a research report on Wednesday, August 16th. They issued a “buy” rating and a $28.00 price objective for the company. UBS upgraded shares of Knoll from a “market perform” rating to an “outperform” rating in a research report on Monday, August 28th. Finally, Raymond James Financial upgraded shares of Knoll from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Monday, August 28th.
Institutional investors have recently made changes to their positions in the business. Federated Investors Inc. PA lifted its position in Knoll by 71.7% during the second quarter. Federated Investors Inc. PA now owns 111,974 shares of the business services provider’s stock valued at $2,245,000 after purchasing an additional 46,749 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Knoll by 5.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 284,187 shares of the business services provider’s stock valued at $5,698,000 after purchasing an additional 13,545 shares during the last quarter. Macquarie Group Ltd. lifted its position in Knoll by 29.5% during the third 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 last quarter. First Manhattan Co. bought a new stake in Knoll during the third quarter valued at approximately $534,000. Finally, Dean Capital Management lifted its position in Knoll by 4.8% during the second quarter. Dean Capital Management now owns 154,387 shares of the business services provider’s stock valued at $3,095,000 after purchasing an additional 7,100 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.
Knoll (NYSE:KNL) last released its quarterly earnings data on Monday, October 23rd. The business services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Knoll had a net margin of 6.21% and a return on equity of 21.94%. The company had revenue of $291.26 million during the quarter, compared to analyst estimates of $277.40 million. During the same period last year, the business earned $0.44 earnings per share. Knoll’s revenue was down .3% compared to the same quarter last year. analysts predict that Knoll will post 1.42 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.60 annualized dividend and a yield of 2.86%. Knoll’s payout ratio is presently 42.86%.
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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