Kimball International (KBAL) Raised to Hold at BidaskClub

Kimball International (NASDAQ:KBAL) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday, BidAskClub reports.

Shares of NASDAQ:KBAL opened at $16.04 on Thursday. The company has a market cap of $578.18 million, a P/E ratio of 15.01 and a beta of 0.90. Kimball International has a 12 month low of $13.49 and a 12 month high of $18.14.

Kimball International (NASDAQ:KBAL) last issued its quarterly earnings data on Monday, February 4th. The company reported $0.26 EPS for the quarter. The company had revenue of $201.01 million during the quarter. Kimball International had a net margin of 4.93% and a return on equity of 19.31%.

Large investors have recently modified their holdings of the stock. Quantamental Technologies LLC purchased a new position in Kimball International during the fourth quarter valued at approximately $26,000. Founders Capital Management bought a new stake in Kimball International during the first quarter valued at approximately $28,000. Oppenheimer Asset Management Inc. bought a new stake in Kimball International during the fourth quarter valued at approximately $83,000. Legal & General Group Plc lifted its position in Kimball International by 21.4% during the fourth quarter. Legal & General Group Plc now owns 6,773 shares of the company’s stock valued at $97,000 after purchasing an additional 1,194 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in Kimball International by 5,321.0% during the first quarter. BNP Paribas Arbitrage SA now owns 7,481 shares of the company’s stock valued at $106,000 after purchasing an additional 7,343 shares during the last quarter. 63.88% of the stock is owned by institutional investors.

Kimball International Company Profile

Kimball International, Inc designs, manufactures, and sells furniture products under the Kimball, National, and Kimball Hospitality brands in the United States and internationally. The company offers office furniture, including desks, tables, seating, bookcases, and filing and storage units for federal, state, and local government offices, as well as other government related entities; and furniture solutions, such as headboards, tables, seating, vanities, casegoods, lighting, and other products for hotel properties, and commercial and residential mixed use developments.

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