Knoll Inc (KNL) is Downgraded by Raymond James to Mkt Perform

Knoll Inc (KNL) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Sep 30, 2016.

On the company’s financial health, Knoll Inc reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.42. The company had revenue of $294.70 million for the quarter, compared to analysts expectations of $286.95 million. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Knoll Inc opened for trading at $22.62 and hit $22.85 on the upside on Tuesday, eventually ending the session at $22.68, with a gain of 0.31% or 0.07 points. The heightened volatility saw the trading volume jump to 1,99,076 shares. Company has a market cap of $1,114 M.

In a different news, on Aug 25, 2016, Stephen F Fisher (director) sold 5,020 shares at $25.86 per share price. According to the SEC, on Aug 10, 2016, Michael A Pollner (SVP, General Counsel & Sec.) sold 4,386 shares at $25.62 per share price. On Aug 10, 2016, Benjamin A Pardo (E.V.P.-Director of Design) sold 2,500 shares at $25.74 per share price, according to the Form-4 filing with the securities and exchange commission.

Knoll Inc. is a designer and manufacturer of furnishings textiles and leather for the workplace and home. The Company operates through three segments: 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 Company’s Studio segment includes its KnollStudio division the Company’s European subsidiaries which primarily sell KnollStudio products Richard Schultz Design and as of February 3 2014 Holly Hunt Enterprises Inc. The Coverings segment includes KnollTextiles Spinneybeck (including Filzfelt) and Edelman Leather. The Company offers its portfolio of furniture textiles and leathers across five product categories: office systems; office seating; files and storage; desks casegoods and tables and specialty products. The Company markets its products under the Knoll and HOLLY HUNT brands.

Knoll Inc

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