Dimensional Fund Advisors LP Has $86.31 Million Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Dimensional Fund Advisors LP lifted its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,820,581 shares of the company's stock after buying an additional 121,478 shares during the period. Dimensional Fund Advisors LP owned 5.61% of MillerKnoll worth $86,306,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. First Trust Advisors LP increased its position in MillerKnoll by 28.9% in the fourth quarter. First Trust Advisors LP now owns 141,554 shares of the company's stock worth $3,198,000 after buying an additional 31,762 shares during the period. Front Street Capital Management Inc. increased its holdings in shares of MillerKnoll by 1.1% in the 4th quarter. Front Street Capital Management Inc. now owns 637,480 shares of the company's stock worth $14,401,000 after acquiring an additional 7,151 shares during the period. Barclays PLC increased its holdings in shares of MillerKnoll by 4.9% in the 4th quarter. Barclays PLC now owns 125,186 shares of the company's stock worth $2,828,000 after acquiring an additional 5,797 shares during the period. Sterling Capital Management LLC boosted its stake in MillerKnoll by 793.5% during the 4th 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 during the period. Finally, LSV Asset Management grew its position in MillerKnoll by 0.6% in the 4th quarter. LSV Asset Management now owns 938,436 shares of the company's stock worth $21,199,000 after purchasing an additional 5,690 shares during the last quarter. Institutional investors and hedge funds own 87.50% of the company's stock.

Analysts Set New Price Targets

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

MillerKnoll Price Performance

Shares of MillerKnoll stock traded up $0.50 on Friday, hitting $16.72. The company had a trading volume of 498,421 shares, compared to its average volume of 604,158. MillerKnoll, Inc. has a 52 week low of $15.25 and a 52 week high of $31.73. The company has a market cap of $1.13 billion, a PE ratio of 18.37, a PEG ratio of 0.89 and a beta of 1.05. The business has a 50-day simple moving average of $18.21 and a 200-day simple moving average of $21.52. 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 (NASDAQ:MLKN - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. The company had revenue of $876.20 million for the quarter, compared to analysts' expectations of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The firm's revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the firm earned $0.45 EPS. Research analysts expect that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Sunday, June 1st will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Friday, May 30th. 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.