BidaskClub Upgrades Kimball International (NASDAQ:KBAL) to Hold

Kimball International (NASDAQ:KBAL) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, BidAskClub reports.

Separately, Sidoti started coverage on shares of Kimball International in a research report on Thursday, July 2nd. They issued a “buy” rating on the stock.

Shares of NASDAQ KBAL opened at $12.03 on Friday. The stock has a market capitalization of $405.60 million, a P/E ratio of 10.84 and a beta of 0.99. The company has a 50-day moving average price of $11.31 and a 200-day moving average price of $11.44. Kimball International has a 1 year low of $8.19 and a 1 year high of $22.40.

Kimball International (NASDAQ:KBAL) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.19. Kimball International had a net margin of 5.64% and a return on equity of 20.36%. The firm had revenue of $156.07 million during the quarter.

Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. purchased a new position in Kimball International during the first quarter valued at approximately $31,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Kimball International by 63.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,878 shares of the company’s stock valued at $34,000 after acquiring an additional 1,119 shares in the last quarter. Aigen Investment Management LP grew its stake in Kimball International by 63.3% during the first quarter. Aigen Investment Management LP now owns 4,658 shares of the company’s stock valued at $55,000 after acquiring an additional 1,805 shares in the last quarter. Private Advisor Group LLC purchased a new position in Kimball International during the second quarter valued at approximately $104,000. Finally, BNP Paribas Arbitrage SA grew its stake in Kimball International by 92.4% during the first quarter. BNP Paribas Arbitrage SA now owns 11,012 shares of the company’s stock valued at $131,000 after acquiring an additional 5,288 shares in the last quarter. 66.83% of the stock is currently owned by institutional investors and hedge funds.

About Kimball International

Kimball International, Inc designs, manufactures, and sells furniture products under the Kimball, National, and Kimball Hospitality brands in the United States and internationally. The company offers 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, such as headboards, tables, seating, vanities, casegoods, lighting, and other products for hotel properties, and commercial and residential mixed use developments.

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