Kimball International (KBAL) Downgraded by BidaskClub

Kimball International (NASDAQ:KBAL) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

KBAL stock opened at $17.33 on Friday. Kimball International has a fifty-two week low of $15.40 and a fifty-two week high of $20.97. The firm has a market cap of $634.98, a P/E ratio of 15.83 and a beta of 1.55.

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Kimball International (NASDAQ:KBAL) last released its quarterly earnings results on Wednesday, January 31st. The company reported $0.31 earnings per share for the quarter. Kimball International had a return on equity of 22.51% and a net margin of 5.41%. The firm had revenue of $173.67 million during the quarter.



Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Kimball International in the 4th quarter valued at $104,000. LPL Financial LLC acquired a new stake in shares of Kimball International in the 4th quarter valued at $190,000. Investors Research Corp acquired a new stake in shares of Kimball International in the 4th quarter valued at $224,000. Teacher Retirement System of Texas acquired a new stake in shares of Kimball International in the 4th quarter valued at $239,000. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Kimball International in the 4th quarter valued at $312,000. 62.66% of the stock is owned by institutional investors.

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About Kimball International

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.

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