Knoll (NYSE:KNL) Upgraded to “Hold” at ValuEngine

Knoll (NYSE:KNL) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Monday, February 4th.

Several other analysts have also weighed in on the company. Sidoti decreased their price objective on Knoll from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 2nd. Zacks Investment Research lowered Knoll from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, TheStreet lowered Knoll from a “b-” rating to a “c+” rating in a research note on Wednesday, December 19th.

Shares of KNL stock opened at $21.12 on Monday. The company has a current ratio of 1.28, a quick ratio of 0.60 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $1.04 billion, a P/E ratio of 11.42 and a beta of 1.23. Knoll has a twelve month low of $15.72 and a twelve month high of $24.29.

Knoll (NYSE:KNL) last announced its quarterly earnings data on Wednesday, February 6th. The business services provider reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.04. Knoll had a return on equity of 24.14% and a net margin of 5.62%. The company had revenue of $354.60 million for the quarter, compared to analyst estimates of $354.10 million. During the same quarter last year, the firm earned $0.36 EPS. Knoll’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, research analysts forecast that Knoll will post 2.01 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in KNL. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Knoll during the third quarter worth $6,650,000. Assenagon Asset Management S.A. bought a new stake in shares of Knoll during the third quarter worth $5,862,000. Brant Point Investment Management LLC bought a new stake in shares of Knoll during the third quarter worth $5,833,000. D. E. Shaw & Co. Inc. raised its position in shares of Knoll by 49.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 700,770 shares of the business services provider’s stock worth $11,549,000 after acquiring an additional 233,376 shares during the last quarter. Finally, LSV Asset Management raised its position in shares of Knoll by 34.2% during the third quarter. LSV Asset Management now owns 725,644 shares of the business services provider’s stock worth $17,016,000 after acquiring an additional 185,000 shares during the last quarter. Institutional investors own 90.48% 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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