Norges Bank Buys Shares of 16,164 MillerKnoll, Inc. (NASDAQ:MLKN)

Norges Bank bought a new position in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,164 shares of the company's stock, valued at approximately $365,000.

Several other institutional investors have also recently added to or reduced their stakes in MLKN. Smartleaf Asset Management LLC increased its stake in shares of MillerKnoll by 458.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock valued at $33,000 after acquiring an additional 1,201 shares in the last quarter. Avior Wealth Management LLC grew its holdings in MillerKnoll by 228.8% in the fourth quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock worth $47,000 after purchasing an additional 1,448 shares during the period. KBC Group NV increased its stake in MillerKnoll by 62.9% in the fourth quarter. KBC Group NV now owns 3,319 shares of the company's stock valued at $75,000 after purchasing an additional 1,281 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of MillerKnoll during the third quarter valued at about $210,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of MillerKnoll during the 4th quarter worth about $238,000. 87.50% of the stock is owned by institutional investors and hedge funds.

MillerKnoll Stock Up 0.1 %

Shares of NASDAQ MLKN traded up $0.02 during mid-day trading on Thursday, reaching $15.70. 68,894 shares of the company's stock traded hands, compared to its average volume of 603,750. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. MillerKnoll, Inc. has a 1-year low of $15.30 and a 1-year high of $31.73. The stock has a market cap of $1.06 billion, a P/E ratio of 17.24, a PEG ratio of 0.89 and a beta of 1.05. The business has a 50-day simple moving average of $19.72 and a 200 day simple moving average of $22.22.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, meeting analysts' consensus estimates of $0.44. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The company had revenue of $876.20 million for the quarter, compared to analyst estimates of $918.88 million. During the same quarter last year, the company earned $0.45 earnings per share. The company's revenue for the quarter was up .4% on a year-over-year basis. On average, analysts expect that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MLKN. Sidoti raised MillerKnoll to a "hold" rating in a research note on Tuesday, March 25th. StockNews.com lowered MillerKnoll from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th.

About MillerKnoll

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.