The stock of Knoll Inc (NYSE:KNL) hit a new 52-week high and has $28.12 target or 5.00% above today’s $26.78 share price. The 6 months bullish chart indicates low risk for the $1.33 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $28.12 price target is reached, the company will be worth $66.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.34% or $0.09 on November 25, hitting $26.78. About 71,412 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 $22.35M 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 the shares of KNL in a report on Monday, April 25 with “Buy” rating. On Friday, November 4 the stock rating was initiated by Seaport Global with “Buy”.
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 Q2 2016. Its up 0.03, from 1.34 in 2016Q1. The ratio increased, 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.
Schroder Invest Mngmt reported 715,900 shares or 0.03% of all its holdings. Moreover, Raymond James Financial Advsrs has 0% invested in Knoll Inc (NYSE:KNL) for 10,299 shares. Geode Limited Liability Co, a Massachusetts-based fund reported 377,598 shares. Systematic Financial Management L P, a New Jersey-based fund reported 220,795 shares. Moreover, Great West Life Assurance Co Can has 0% invested in Knoll Inc (NYSE:KNL) for 6,141 shares. The Massachusetts-based Copper Rock Cap Prtnrs Ltd Liability Com has invested 1.66% in Knoll Inc (NYSE:KNL). Gotham Asset Ltd Liability holds 0.01% of its portfolio in Knoll Inc (NYSE:KNL) for 30,687 shares. California State Teachers Retirement Systems has invested 0.01% of its portfolio in Knoll Inc (NYSE:KNL). Ranger Invest Management Lp, a Texas-based fund reported 891,615 shares. Panagora Asset Mgmt last reported 0% of its portfolio in the stock. Bancshares Of Mellon Corporation holds 1.60 million shares or 0.01% of its portfolio. Palisade Mngmt Nj accumulated 196,831 shares or 0.17% of the stock. Pacad Investment Ltd has 0.03% invested in the company for 8,900 shares. Oberweis Asset Mngmt Inc reported 19,600 shares or 0.14% of all its holdings. Citadel Ltd Co holds 0.01% or 219,103 shares in its portfolio.
Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 8 insider sales for $2.60 million net activity. Pardo Benjamin A had sold 4,200 shares worth $105,656. MAYPOLE JOHN F also sold $101,400 worth of Knoll Inc (NYSE:KNL) shares. FISHER STEPHEN F sold $129,826 worth of Knoll Inc (NYSE:KNL) on Tuesday, August 23. Another trade for 4,386 shares valued at $112,390 was made by Pollner Michael A on Tuesday, August 9. Cogan Andrew B had sold 55,054 shares worth $1.39M. Nash Sarah E sold $631,425 worth of stock.
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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