Knoll (KNL) Downgraded to “C+” at TheStreet

Knoll (NYSE:KNL) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued on Wednesday, December 19th.

KNL has been the topic of several other reports. Zacks Investment Research downgraded shares of Knoll from a “hold” rating to a “sell” rating in a research report on Saturday, November 3rd. ValuEngine downgraded shares of Knoll from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th.

Shares of KNL stock traded down $0.06 during midday trading on Wednesday, reaching $18.80. 210,700 shares of the company were exchanged, compared to its average volume of 463,489. The company has a current ratio of 1.28, a quick ratio of 0.60 and a debt-to-equity ratio of 1.20. Knoll has a 12 month low of $15.72 and a 12 month high of $24.29. The company has a market capitalization of $929.57 million, a price-to-earnings ratio of 13.62 and a beta of 1.11.

Knoll (NYSE:KNL) last released its earnings results on Monday, October 29th. The business services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $327.70 million for the quarter, compared to the consensus estimate of $327.67 million. Knoll had a net margin of 6.44% and a return on equity of 21.51%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. On average, equities research analysts predict that Knoll will post 1.79 earnings per share for the current year.

In other Knoll news, Director John F. Maypole bought 1,500 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was bought at an average cost of $20.01 per share, with a total value of $30,015.00. Following the completion of the transaction, the director now directly owns 27,622 shares of the company’s stock, valued at approximately $552,716.22. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.90% of the company’s stock.

Several institutional investors have recently modified their holdings of KNL. Sun Life Financial INC acquired a new stake in shares of Knoll in the second quarter worth $143,000. Lido Advisors LLC acquired a new position in Knoll during the 3rd quarter valued at $201,000. Trexquant Investment LP acquired a new position in Knoll during the 3rd quarter valued at $206,000. Engineers Gate Manager LP acquired a new position in Knoll during the 2nd quarter valued at $269,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Knoll during the 3rd quarter valued at $316,000. Institutional investors and hedge funds own 90.56% of the company’s stock.

Knoll Company Profile

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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