Deprince Race & Zollo Inc. Acquires New Stake in MillerKnoll, Inc. (NASDAQ:MLKN)

Deprince Race & Zollo Inc. purchased a new stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,429,078 shares of the company's stock, valued at approximately $32,283,000. Deprince Race & Zollo Inc. owned 2.10% of MillerKnoll at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MLKN. Smartleaf Asset Management LLC grew its position in shares of MillerKnoll by 458.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock worth $33,000 after buying an additional 1,201 shares during the period. 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. Sterling Capital Management LLC increased its stake in MillerKnoll by 793.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,198 shares of the company's stock valued at $50,000 after purchasing an additional 1,952 shares in the last quarter. KBC Group NV raised its holdings in shares of MillerKnoll by 62.9% during 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 during the period. Finally, Dark Forest Capital Management LP acquired a new position in shares of MillerKnoll during the fourth quarter valued at about $221,000. Institutional investors own 87.50% of the company's stock.

MillerKnoll Stock Up 0.3%

Shares of NASDAQ MLKN traded up $0.05 during mid-day trading on Tuesday, reaching $17.91. 99,561 shares of the company's stock traded hands, compared to its average volume of 601,336. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. The business has a 50-day simple moving average of $17.66 and a 200 day simple moving average of $21.18. The stock has a market cap of $1.21 billion, a P/E ratio of 19.68, a PEG ratio of 0.89 and a beta of 1.17. MillerKnoll, Inc. has a 1-year low of $15.25 and a 1-year high of $31.73.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) 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 business had revenue of $876.20 million during the quarter, compared to the consensus estimate of $918.88 million. During the same quarter in the previous year, the business earned $0.45 EPS. The company's quarterly revenue 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.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Sunday, June 1st will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Friday, May 30th. MillerKnoll's payout ratio is 178.57%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MLKN. Sidoti upgraded MillerKnoll to a "hold" rating in a report on Tuesday, March 25th. StockNews.com upgraded MillerKnoll from a "hold" rating to a "buy" rating in a report on Monday.

MillerKnoll Company Profile

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.