Knoll (KNL) Downgraded by ValuEngine

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

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

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

Knoll (NYSE:KNL) last posted its quarterly earnings data on Monday, October 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $327.67 million. During the same quarter last year, the firm posted $0.39 earnings per share. The firm’s revenue was up 12.5% compared to the same quarter last year. As a group, analysts predict that Knoll will post 1.79 EPS for the current fiscal year.

In other Knoll news, SVP Roxanne B. Klein sold 1,835 shares of Knoll stock in a transaction that occurred 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 of the company’s stock, valued at $379,956.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathleen G. Bradley sold 7,519 shares of Knoll stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $23.53, for a total transaction of $176,922.07. Following the transaction, the director now directly owns 120,523 shares in the company, valued at approximately $2,835,906.19. The disclosure for this sale can be found here. Insiders have sold 26,835 shares of company stock worth $626,175 in the last ninety days. Insiders own 1.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Sun Life Financial INC purchased a new position in shares of Knoll in the second quarter worth $143,000. Trexquant Investment LP purchased a new position in shares of Knoll in the third quarter worth $206,000. Xact Kapitalforvaltning AB lifted its holdings in shares of Knoll by 29.6% in the first quarter. Xact Kapitalforvaltning AB now owns 11,381 shares of the business services provider’s stock worth $230,000 after buying an additional 2,600 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Knoll in the second quarter worth $269,000. Finally, Emerald Advisers Inc. PA purchased a new position in shares of Knoll in the third quarter worth $387,000. 90.19% of the stock is currently owned by hedge funds and other institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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