BidaskClub lowered shares of Kimball International, Inc. (NASDAQ:KBAL) from a sell rating to a strong sell rating in a report released on Monday, July 31st.
Kimball International (KBAL) traded up 0.48% during mid-day trading on Monday, reaching $16.74. 84,255 shares of the company’s stock traded hands. The stock has a market capitalization of $623.75 million, a PE ratio of 16.91 and a beta of 1.54. The stock’s 50 day moving average is $16.62 and its 200-day moving average is $16.92. Kimball International has a 52 week low of $11.86 and a 52 week high of $18.94.
Kimball International (NASDAQ:KBAL) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.05. The firm had revenue of $171.98 million for the quarter. Kimball International had a return on equity of 22.62% and a net margin of 5.60%. On average, equities analysts anticipate that Kimball International will post $0.69 EPS for the current year.
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Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in Kimball International by 1,322.6% in the second quarter. BNP Paribas Arbitrage SA now owns 6,302 shares of the company’s stock worth $105,000 after buying an additional 5,859 shares in the last quarter. Great West Life Assurance Co. Can purchased a new position in shares of Kimball International during the second quarter valued at about $119,000. Legal & General Group Plc raised its position in shares of Kimball International by 3.8% in the second quarter. Legal & General Group Plc now owns 10,060 shares of the company’s stock valued at $168,000 after buying an additional 366 shares during the period. Victory Capital Management Inc. raised its position in shares of Kimball International by 17.6% in the second quarter. Victory Capital Management Inc. now owns 10,534 shares of the company’s stock valued at $176,000 after buying an additional 1,578 shares during the period. Finally, Royal Bank of Canada raised its position in shares of Kimball International by 3.0% in the second quarter. Royal Bank of Canada now owns 11,236 shares of the company’s stock valued at $187,000 after buying an additional 332 shares during the period. 61.58% of the stock is currently owned by institutional investors.
About Kimball International
Kimball International, Inc creates design driven furnishings. The Company sells a portfolio of furniture products and services under three brands, which include Kimball Office, National Office Furniture, and Kimball Hospitality. The Company’s portfolio offers solutions for the workplace, learning, healing, and hospitality environments.
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