Bridgeway Capital Management LLC Trims Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Bridgeway Capital Management LLC trimmed its position in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 649,522 shares of the company's stock after selling 31,622 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.95% of MillerKnoll worth $14,673,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MLKN. Smartleaf Asset Management LLC lifted its stake in MillerKnoll by 458.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock worth $33,000 after purchasing an additional 1,201 shares in the last quarter. Amundi raised its position in shares of MillerKnoll by 207.3% in the fourth quarter. Amundi now owns 40,433 shares of the company's stock worth $884,000 after buying an additional 27,276 shares in the last quarter. Barclays PLC raised its position in shares of MillerKnoll by 37.7% in the third quarter. Barclays PLC now owns 119,389 shares of the company's stock worth $2,957,000 after buying an additional 32,686 shares in the last quarter. Empowered Funds LLC boosted its stake in MillerKnoll by 5.1% during the fourth quarter. Empowered Funds LLC now owns 377,522 shares of the company's stock valued at $8,528,000 after buying an additional 18,378 shares during the period. Finally, Victory Capital Management Inc. grew its position in MillerKnoll by 17.4% during the fourth quarter. Victory Capital Management Inc. now owns 275,948 shares of the company's stock worth $6,234,000 after buying an additional 40,928 shares in the last quarter. 87.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. StockNews.com downgraded MillerKnoll from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Sidoti upgraded shares of MillerKnoll to a "hold" rating in a research report on Tuesday, March 25th.

MillerKnoll Stock Down 2.4 %

Shares of NASDAQ:MLKN opened at $16.32 on Tuesday. The firm has a fifty day moving average of $18.09 and a 200 day moving average of $21.43. MillerKnoll, Inc. has a 52-week low of $15.25 and a 52-week high of $31.73. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60. The firm has a market capitalization of $1.11 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. The firm had revenue of $876.20 million for the quarter, compared to analyst estimates of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The company's revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 EPS. As a group, research analysts anticipate that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Sunday, June 1st will be issued a $0.1875 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.60%. MillerKnoll's payout ratio is 178.57%.

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.

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