Knoll Inc (NYSE:KNL) EVP David L. Schutte sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $24.84, for a total transaction of $124,200.00. Following the transaction, the executive vice president now directly owns 58,424 shares of the company’s stock, valued at approximately $1,451,252.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of KNL stock opened at $23.77 on Friday. Knoll Inc has a one year low of $15.72 and a one year high of $25.89. The company has a quick ratio of 0.54, a current ratio of 1.18 and a debt-to-equity ratio of 1.36. The stock’s 50 day moving average is $22.99. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 12.50 and a beta of 1.45.
Knoll (NYSE:KNL) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.44 by $0.04. Knoll had a net margin of 6.11% and a return on equity of 24.59%. The firm had revenue of $367.30 million during the quarter, compared to analyst estimates of $339.13 million. During the same quarter in the prior year, the business posted $0.42 earnings per share. Knoll’s revenue for the quarter was up 13.6% compared to the same quarter last year. Sell-side analysts anticipate that Knoll Inc will post 2.04 earnings per share for the current fiscal year.
KNL has been the subject of several research analyst reports. Zacks Investment Research raised shares of Knoll from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Tuesday. ValuEngine raised shares of Knoll from a “sell” rating to a “hold” rating in a research report on Friday, April 26th.
Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, and coverings for the workplace and residential markets in the United States, Canada, Europe, and internationally. The company operates through Office and Lifestyle segments.
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