Knoll (KNL) Downgraded by ValuEngine

ValuEngine cut shares of Knoll (NYSE:KNL) from a hold rating to a sell rating in a research note released on Wednesday.

Separately, Zacks Investment Research upgraded shares of Knoll from a hold rating to a buy rating and set a $25.00 price target on the stock in a research report on Saturday, August 4th.

KNL traded down $0.43 during trading hours on Wednesday, hitting $19.09. The company’s stock had a trading volume of 210,355 shares, compared to its average volume of 253,258. Knoll has a 12 month low of $18.91 and a 12 month high of $24.29. The stock has a market capitalization of $985.19 million, a PE ratio of 13.83 and a beta of 1.07. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.61 and a current ratio of 1.30.

Knoll (NYSE:KNL) last announced its quarterly earnings results on Monday, October 29th. The business services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. Knoll had a net margin of 6.44% and a return on equity of 21.81%. The company had revenue of $327.70 million for the quarter, compared to analysts’ expectations of $327.67 million. During the same quarter in the previous year, the business posted $0.39 earnings per share. Knoll’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, research analysts forecast that Knoll will post 1.79 earnings per share for the current year.

In other Knoll news, SVP Roxanne B. Klein sold 1,835 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $22.90, for a total transaction of $42,021.50. Following the transaction, the senior vice president now owns 16,592 shares in the company, valued at $379,956.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David L. Schutte sold 5,000 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $23.11, for a total transaction of $115,550.00. Following the transaction, the executive vice president now owns 55,735 shares in the company, valued at approximately $1,288,035.85. The disclosure for this sale can be found here. Insiders have sold 26,835 shares of company stock worth $626,175 in the last quarter. Company insiders own 1.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Deprince Race & Zollo Inc. increased its position in Knoll by 0.3% during the third quarter. Deprince Race & Zollo Inc. now owns 756,558 shares of the business services provider’s stock valued at $17,741,000 after acquiring an additional 2,563 shares during the last quarter. Xact Kapitalforvaltning AB increased its position in Knoll by 29.6% during the first quarter. Xact Kapitalforvaltning AB now owns 11,381 shares of the business services provider’s stock valued at $230,000 after acquiring an additional 2,600 shares during the last quarter. Greenwich Wealth Management LLC increased its position in Knoll by 16.3% during the second quarter. Greenwich Wealth Management LLC now owns 19,984 shares of the business services provider’s stock valued at $416,000 after acquiring an additional 2,801 shares during the last quarter. Raymond James & Associates increased its position in Knoll by 5.7% during the second quarter. Raymond James & Associates now owns 55,160 shares of the business services provider’s stock valued at $1,148,000 after acquiring an additional 2,951 shares during the last quarter. Finally, Algert Global LLC increased its position in Knoll by 23.2% during the second quarter. Algert Global LLC now owns 33,594 shares of the business services provider’s stock valued at $699,000 after acquiring an additional 6,329 shares during the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.

About Knoll

Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, textiles, fine leathers, and felt for the workplace and residential markets in the United States, Canada, and Europe. The company operates through three segments: Office, Studio, and Coverings.

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