Knoll (NYSE:KNL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage presently has a $26.00 price objective on the business services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 12.02% from the stock’s current price.

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. “

KNL has been the subject of several other research reports. TheStreet upgraded Knoll from a “c+” rating to a “b-” rating in a research report on Friday, November 17th. Raymond James Financial upgraded Knoll from an “outperform” rating to a “strong-buy” rating and increased their price objective for the stock from $23.00 to $26.00 in a research report on Tuesday, December 26th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $26.67.

Knoll (NYSE KNL) traded up $0.05 during trading hours on Friday, reaching $23.21. The company’s stock had a trading volume of 244,431 shares, compared to its average volume of 415,775. The stock has a market capitalization of $1,147.39, a PE ratio of 16.58 and a beta of 1.07. 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 1 year low of $16.57 and a 1 year high of $28.03.

Knoll (NYSE:KNL) last released its quarterly earnings data on Monday, October 23rd. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The firm had revenue of $291.26 million during the quarter, compared to analysts’ expectations of $277.40 million. Knoll had a return on equity of 21.94% and a net margin of 6.21%. Knoll’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share. sell-side analysts anticipate that Knoll will post 1.43 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP purchased a new position in Knoll in the third quarter worth $683,000. Dean Investment Associates LLC increased its position in shares of Knoll by 35.5% in the third quarter. Dean Investment Associates LLC now owns 325,745 shares of the business services provider’s stock valued at $6,515,000 after buying an additional 85,280 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Knoll by 8.2% in the third quarter. California Public Employees Retirement System now owns 53,782 shares of the business services provider’s stock valued at $1,076,000 after buying an additional 4,082 shares in the last quarter. Highbridge Capital Management LLC increased its position in shares of Knoll by 45.1% in the third quarter. Highbridge Capital Management LLC now owns 24,538 shares of the business services provider’s stock valued at $491,000 after buying an additional 7,622 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Knoll by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,992,197 shares of the business services provider’s stock valued at $39,844,000 after buying an additional 68,154 shares in the last quarter. Hedge funds and other institutional investors own 90.57% of the company’s stock.

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Knoll Company Profile

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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