Millennium Management LLC Acquires 267,097 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Millennium Management LLC increased its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 43.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 877,809 shares of the company's stock after acquiring an additional 267,097 shares during the quarter. Millennium Management LLC owned approximately 1.29% of MillerKnoll worth $19,830,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in MillerKnoll by 458.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock worth $33,000 after acquiring an additional 1,201 shares during the period. Amundi increased its position in 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 during the last quarter. Barclays PLC increased its position in 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 during the last quarter. Empowered Funds LLC increased its position in MillerKnoll by 5.1% in the fourth quarter. Empowered Funds LLC now owns 377,522 shares of the company's stock worth $8,528,000 after buying an additional 18,378 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in MillerKnoll by 17.4% in 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 during the last quarter. 87.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wall Street Zen raised MillerKnoll from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Sidoti raised MillerKnoll to a "hold" rating in a research report on Tuesday, March 25th.

MillerKnoll Stock Performance

Shares of NASDAQ MLKN traded down $0.27 during mid-day trading on Monday, hitting $16.29. The company had a trading volume of 330,629 shares, compared to its average volume of 597,634. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 17.90, a P/E/G 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. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The stock's 50-day moving average price is $17.13 and its 200-day moving average price is $20.74.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. The company had revenue of $876.20 million during 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 quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. On average, sell-side analysts forecast that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Sunday, June 1st will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Friday, May 30th. MillerKnoll's dividend payout ratio (DPR) is presently 178.57%.

MillerKnoll 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.