The price of Kimball International Inc. (NASDAQ:KBAL) shares last traded on Wall Street rose 1.37% to $12.54.
Based on available information, 1 analysts follow Kimball International Inc. (NASDAQ:KBAL). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $14.00 and a low of $11.00, we find $12.50. Given the previous closing price of $12.37, this indicates a potential upside of 1.05 percent. KBAL stock price is now 75.68% away from the 50-day moving average and 69.46% away from the 200-day moving average. The market capitalization of the company currently stands at $453.20M.
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Among analysts, 0 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $12.50 as their price target over the next twelve months.
With the price target of $80, The Benchmark Company recently initiated with Buy rating for Kimball International Inc. (NASDAQ: KBAL)., while ‘Sidoti’ rates the stock as ‘Buy’.
Insiders disposed of 35,932 shares of company stock worth roughly $0.45 million over the past 1 year. A total of 2.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KBAL stock. A new stake in Kimball International Inc. shares was purchased by MARSHALL WACE, LLP during the first quarter worth $523,000. CAMPBELL & CO INVESTMENT ADVISER LLC invested $403,000 in shares of KBAL during the first quarter. In the first quarter, ALDEBARAN CAPITAL, LLC acquired a new stake in Kimball International Inc. valued at approximately $382,000. LAZARD ASSET MANAGEMENT LLC acquired a new stake in KBAL for approximately $207,000. PETRUS TRUST COMPANY, LTA purchased a new stake in KBAL valued at around $205,000 in the second quarter. In total, there are 160 active investors with 67.90% ownership of the company’s stock.
A candlestick chart of Kimball International Inc. (NASDAQ: KBAL) showed a price of $12.31 on Thursday morning. During the past 12 months, Kimball International Inc. has had a low of $6.11 and a high of $12.44. As of last week, the company has a debt-to-equity ratio of 0.34, a current ratio of 1.40, and a quick ratio of 0.70. The fifty day moving average price for KBAL is $7.14 and a two-hundred day moving average price translates $7.40 for the stock.
The latest earnings results from Kimball International Inc. (NASDAQ: KBAL) was released for Dec, 2022. According to the Furnishings Fixtures & Appliances Company, earnings per share came in at $0.08, missing analysts’ expectations of $0.1 by -0.02. This compares to -$0.58 EPS in the same period last year. The net profit margin was -2.60% and return on equity was -9.20% for KBAL. The company reported revenue of $182.95 million for the quarter, compared to $151.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.83 percent. For the current quarter, analysts expect KBAL to generate $162.4M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/14/2023. Investors who held shares on 03/24/2023 were paid a $0.09 dividend. On an annualized basis, this represents a $0.36 dividend and a 2.87% percent yield. There was an ex-dividend date of 03/23/2023 for this dividend.
Kimball International Inc.(KBAL) Company Profile
Kimball International, Inc. engages in the manufacture and sale of furniture products under the Kimball, National, Etc., Interwoven, Kimball Hospitality, D’style, and Poppin brands in the United States and internationally. It offers desks/workstations, benching, seating, lounge, storage, tables, and casegoods for collaborative and open workspaces, conference and meeting/huddle rooms, training rooms, private offices, learning areas, classrooms, lobby/reception areas, and dining/café areas; and headboards, tables, seating, vanities, casegoods, lighting, and other products for hotel properties, and mixed use commercial and residential developments. The company also provides desks and benching, adjustable height desks, office chairs and stools, file cabinets, tables, lounge seating, PoppinSpaces, and PoppinPods for workspace, including work from home and schools. It markets and sells its products through sales representatives, office furniture dealers, wholesalers, brokers, designers, purchasing companies, and catalog houses, as well as online to end users. The company was formerly known as The Jasper Corporation and changed its name to Kimball International, Inc. in July 1974. Kimball International, Inc. was incorporated in 1939 and is headquartered in Jasper, Indiana.
