Stock Worth Mentioning: Could Knoll Inc Go Down After Achieving Record High?

Stock Worth Mentioning: Could Knoll Inc Go Down After Achieving Record High?

The stock of Knoll Inc (NYSE:KNL) reached all time high today, Nov, 25 and still has $27.85 target or 4.00% above today’s $26.78 share price. This indicates more upside for the $1.33 billion company. This technical setup was reported by Barchart.com. If the $27.85 PT is reached, the company will be worth $53.20 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.34% or $0.09 during the last trading session, hitting $26.78. About 86,611 shares traded hands. Knoll Inc (NYSE:KNL) has risen 11.02% since April 22, 2016 and is uptrending. It has outperformed by 5.61% the S&P500.

Analysts await Knoll Inc (NYSE:KNL) to report earnings on February, 9. They expect $0.45 EPS, up 4.65% or $0.02 from last year’s $0.43 per share. KNL’s profit will be $22.35 million for 14.88 P/E if the $0.45 EPS becomes a reality. After $0.44 actual EPS reported by Knoll Inc for the previous quarter, Wall Street now forecasts 2.27% EPS growth.

Knoll Inc (NYSE:KNL) Ratings Coverage

Out of 2 analysts covering Knoll (NYSE:KNL), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Knoll has been the topic of 2 analyst reports since April 25, 2016 according to StockzIntelligence Inc. BB&T Capital maintained Knoll Inc (NYSE:KNL) rating on Monday, April 25. BB&T Capital has “Buy” rating and $27 price target. The stock of Knoll Inc (NYSE:KNL) has “Buy” rating given on Friday, November 4 by Seaport Global.

According to Zacks Investment Research, “Knoll Inc, a leading designer and manufacturer of branded office furniture products and textiles, serves clients worldwide. Their commitment to innovation and modern design has yielded a comprehensive portfolio of products designed to provide enduring value and help clients shape their workplaces with imagination and vision.”

Insitutional Activity: The institutional sentiment increased to 1.37 in 2016 Q2. Its up 0.03, from 1.34 in 2016Q1. The ratio improved, as 12 funds sold all Knoll Inc shares owned while 61 reduced positions. 36 funds bought stakes while 62 increased positions. They now own 44.86 million shares or 1.97% less from 45.76 million shares in 2016Q1.
Systematic Financial Mngmt Limited Partnership holds 220,795 shares or 0.07% of its portfolio. Zebra Cap Management Lc has 0.21% invested in the company for 25,314 shares. Dimensional Fund Advsr Ltd Partnership has 1.83M shares for 0.03% of their US portfolio. Bokf Na accumulated 196,889 shares or 0.17% of the stock. Stevens Management Ltd Partnership last reported 0.01% of its portfolio in the stock. Moreover, First Mercantile Trust has 0.01% invested in Knoll Inc (NYSE:KNL) for 4,150 shares. Los Angeles Capital Mngmt Equity Inc owns 27,365 shares or 0.01% of their US portfolio. Teachers has 72,841 shares for 0% of their US portfolio. Victory Inc last reported 19,320 shares in the company. Cap Financial Advisers Limited has 0.01% invested in the company for 46,814 shares. Great Lakes Limited has 82,627 shares for 0.05% of their US portfolio. Old Commercial Bank In holds 0.02% or 14,121 shares in its portfolio. Moreover, New York State Teachers Retirement has 0% invested in Knoll Inc (NYSE:KNL) for 4,200 shares. Dupont Corporation owns 43,538 shares or 0.02% of their US portfolio. Credit Suisse Ag has 0% invested in the company for 64,239 shares.

Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 8 sales for $2.60 million net activity. Pardo Benjamin A sold 2,850 shares worth $61,355. Pollner Michael A sold $112,390 worth of stock. $480,214 worth of Knoll Inc (NYSE:KNL) shares were sold by Cogan Andrew B. 25,000 shares with value of $631,425 were sold by Nash Sarah E on Tuesday, August 2. Shares for $129,826 were sold by FISHER STEPHEN F on Tuesday, August 23. MAYPOLE JOHN F sold 4,000 shares worth $101,400.

Another recent and important Knoll Inc (NYSE:KNL) news was published by Forbes.com which published an article titled: “Ex-Dividend Reminder: Motorola Solutions, KBR and Knoll” on September 09, 2016.

KNL Company Profile

Knoll, Inc., incorporated on December 15, 1995, is a designer and maker of furnishings, textiles and leather for the workplace and home. The Firm operates through three divisions: 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. The Studio segment includes its KnollStudio division, the Company’s European subsidiaries, which primarily sell KnollStudio products, Richard Schultz Design and Holly Hunt Enterprises, Inc. The Coverings segment includes KnollTextiles, Spinneybeck (including Filzfelt), and Edelman Leather. It offers a portfolio of furniture, textiles and leathers across five product categories: office systems, which are typically modular and movable workspaces with functionally integrated panels or table desks, worksurfaces, pedestals and other storage units, power and data systems and lighting; office seating; files and storage; desks, casegoods and tables, and specialty products, including high-image side chairs, sofas, desks and tables for the office and home, textiles, accessories, leathers, designer felt and related products.

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