Kimball International (KBAL) Stock Rating Upgraded by BidaskClub

Kimball International (NASDAQ:KBAL) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Shares of Kimball International (NASDAQ KBAL) opened at $18.70 on Wednesday. The stock has a market cap of $699.90, a PE ratio of 18.89 and a beta of 1.46. Kimball International has a one year low of $15.40 and a one year high of $20.97.

Kimball International (NASDAQ:KBAL) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.29 earnings per share for the quarter. Kimball International had a net margin of 5.64% and a return on equity of 21.84%. The company had revenue of $169.52 million for the quarter.

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake in shares of Kimball International by 1,322.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,302 shares of the company’s stock valued at $105,000 after purchasing an additional 5,859 shares in the last quarter. Great West Life Assurance Co. Can acquired a new stake in shares of Kimball International in the 2nd quarter valued at approximately $119,000. Legal & General Group Plc boosted its stake in shares of Kimball International by 3.8% in the 2nd quarter. Legal & General Group Plc now owns 10,060 shares of the company’s stock valued at $168,000 after purchasing an additional 366 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Kimball International by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 10,534 shares of the company’s stock valued at $176,000 after purchasing an additional 1,578 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Kimball International by 3.0% in the 2nd quarter. Royal Bank of Canada now owns 11,236 shares of the company’s stock valued at $187,000 after purchasing an additional 332 shares in the last quarter. Institutional investors own 61.46% of the company’s stock.

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Kimball International Company Profile

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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