BidaskClub Lowers Kimball International (KBAL) to Strong Sell

BidaskClub lowered shares of Kimball International (NASDAQ:KBAL) from a sell rating to a strong sell rating in a report published on Tuesday.

Separately, ValuEngine cut shares of Kimball International from a hold rating to a sell rating in a research note on Wednesday, May 2nd.

Shares of Kimball International traded up $0.16, reaching $16.41, during trading hours on Tuesday, MarketBeat reports. 307 shares of the stock were exchanged, compared to its average volume of 96,064. Kimball International has a 12-month low of $16.04 and a 12-month high of $16.27. The stock has a market cap of $599.12 million, a PE ratio of 15.53 and a beta of 1.56.

Kimball International (NASDAQ:KBAL) last released its quarterly earnings results on Tuesday, May 1st. The company reported $0.16 EPS for the quarter. Kimball International had a net margin of 5.16% and a return on equity of 21.20%. The firm had revenue of $157.90 million during the quarter.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Monday, June 25th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, June 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.71%.

Several hedge funds have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC boosted its stake in shares of Kimball International by 9.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 35,226 shares of the company’s stock worth $658,000 after purchasing an additional 3,000 shares during the period. Swiss National Bank boosted its position in Kimball International by 5.4% in the 1st quarter. Swiss National Bank now owns 64,800 shares of the company’s stock valued at $1,104,000 after buying an additional 3,300 shares during the period. Wells Fargo & Company MN boosted its position in Kimball International by 10.6% in the 3rd quarter. Wells Fargo & Company MN now owns 54,999 shares of the company’s stock valued at $1,087,000 after buying an additional 5,273 shares during the period. Northern Trust Corp boosted its position in Kimball International by 1.2% in the 1st quarter. Northern Trust Corp now owns 460,875 shares of the company’s stock valued at $7,853,000 after buying an additional 5,457 shares during the period. Finally, Acadian Asset Management LLC boosted its position in Kimball International by 0.5% in the 4th quarter. Acadian Asset Management LLC now owns 1,212,971 shares of the company’s stock valued at $22,646,000 after buying an additional 5,527 shares during the period. 63.14% of the stock is owned by hedge funds and other institutional investors.

Kimball International Company Profile

Kimball International, Inc manufactures and sells furniture products under the Kimball, National, and Kimball Hospitality brand names in the United States and internationally. The company provides 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 comprising headboards, tables, seating, vanities, and casegoods for hotel properties and mixed use developments.

Receive News & Ratings for Kimball International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimball International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply