Knoll (KNL) Rating Increased to Hold at Zacks Investment Research

Knoll (NYSE:KNL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

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. “

Separately, ValuEngine lowered Knoll from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th.

KNL stock opened at $19.37 on Friday. Knoll has a twelve month low of $18.62 and a twelve month high of $24.29. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.28 and a quick ratio of 0.60. The company has a market cap of $957.25 million, a P/E ratio of 14.04 and a beta of 1.07.

Knoll (NYSE:KNL) last posted its quarterly earnings data on Monday, October 29th. The business services provider reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. Knoll had a return on equity of 21.51% and a net margin of 6.44%. The company had revenue of $327.70 million during the quarter, compared to analyst estimates of $327.67 million. During the same quarter last year, the company earned $0.39 EPS. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. Equities research analysts forecast that Knoll will post 1.79 earnings per share for the current fiscal year.

In other Knoll news, Director John F. Maypole bought 1,500 shares of Knoll stock in a transaction on Friday, November 2nd. The stock was acquired at an average price of $20.01 per share, with a total value of $30,015.00. Following the acquisition, the director now owns 27,622 shares in the company, valued at $552,716.22. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kathleen G. Bradley sold 12,481 shares of Knoll stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $23.37, for a total value of $291,680.97. Following the completion of the sale, the director now directly owns 120,523 shares of the company’s stock, valued at approximately $2,816,622.51. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Knoll by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,344,814 shares of the business services provider’s stock worth $101,886,000 after purchasing an additional 71,163 shares in the last quarter. Morgan Stanley increased its holdings in shares of Knoll by 25.8% in the 3rd quarter. Morgan Stanley now owns 360,564 shares of the business services provider’s stock worth $8,457,000 after purchasing an additional 73,902 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Knoll by 3.5% in the 3rd quarter. Teachers Advisors LLC now owns 95,478 shares of the business services provider’s stock worth $2,239,000 after purchasing an additional 3,238 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Knoll by 79.3% in the 3rd quarter. AQR Capital Management LLC now owns 56,652 shares of the business services provider’s stock worth $1,328,000 after purchasing an additional 25,052 shares in the last quarter. Finally, MetLife Investment Advisors LLC increased its holdings in shares of Knoll by 55.0% in the 3rd quarter. MetLife Investment Advisors LLC now owns 36,853 shares of the business services provider’s stock worth $864,000 after purchasing an additional 13,072 shares in the last quarter. 91.06% of the stock is owned by institutional investors and hedge funds.

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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