Zacks: Analysts Set $27.00 Price Target for Knoll Inc (KNL)

Knoll Inc (NYSE:KNL) has been given a consensus broker rating score of 0.00 () from the two analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Analysts have set a one year consensus price objective of $27.00 for the company and are anticipating that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Knoll an industry rank of 189 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded Knoll from a “sell” rating to a “hold” rating in a report on Wednesday, November 30th.

Knoll (NYSE:KNL) opened at 22.85 on Thursday. The firm’s 50-day moving average is $23.95 and its 200-day moving average is $24.65. The firm has a market capitalization of $1.10 billion, a P/E ratio of 13.60 and a beta of 1.17. Knoll has a 52-week low of $19.53 and a 52-week high of $28.40.

Knoll (NYSE:KNL) last issued its quarterly earnings data on Friday, February 10th. The company reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. Knoll had a return on equity of 28.95% and a net margin of 7.01%. The firm earned $292.90 million during the quarter. During the same quarter in the prior year, the company posted $0.43 EPS. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, equities analysts expect that Knoll will post $1.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.63%. Knoll’s dividend payout ratio is presently 35.71%.

Hedge funds have recently modified their holdings of the stock. Acrospire Investment Management LLC raised its stake in shares of Knoll by 31.0% in the third quarter. Acrospire Investment Management LLC now owns 5,881 shares of the company’s stock valued at $134,000 after buying an additional 1,390 shares in the last quarter. BlackRock Japan Co. Ltd raised its stake in shares of Knoll by 2.4% in the third quarter. BlackRock Japan Co. Ltd now owns 6,451 shares of the company’s stock valued at $147,000 after buying an additional 153 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Knoll during the fourth quarter valued at approximately $198,000. SG Americas Securities LLC acquired a new stake in shares of Knoll during the third quarter valued at approximately $230,000. Finally, Wexford Capital LP acquired a new stake in shares of Knoll during the fourth quarter valued at approximately $234,000. Hedge funds and other institutional investors own 90.92% of the company’s stock.

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Knoll Company Profile

Knoll, Inc is a designer and manufacturer of furnishings, textiles and leather for the workplace and home. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes systems, seating, storage, tables, desks and KnollExtra ergonomic accessories, as well as the international sales of its North American Office products.

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