Bank of America Corp DE cut its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 27.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 371,199 shares of the company's stock after selling 138,733 shares during the period. Bank of America Corp DE owned about 0.54% of MillerKnoll worth $8,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MLKN. Smartleaf Asset Management LLC raised its stake 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 valued at $33,000 after buying an additional 1,201 shares during the last quarter. Avior Wealth Management LLC raised its position in MillerKnoll by 228.8% during the fourth quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock valued at $47,000 after acquiring an additional 1,448 shares in the last quarter. Sterling Capital Management LLC raised its position in MillerKnoll by 793.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,198 shares of the company's stock valued at $50,000 after acquiring an additional 1,952 shares in the last quarter. KBC Group NV lifted its holdings 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 acquiring an additional 1,281 shares during the period. Finally, Dark Forest Capital Management LP purchased a new stake in MillerKnoll in the 4th quarter worth approximately $221,000. 87.50% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
MLKN has been the subject of several recent research reports. Sidoti raised shares of MillerKnoll to a "hold" rating in a report on Tuesday, March 25th. Wall Street Zen upgraded shares of MillerKnoll from a "hold" rating to a "buy" rating in a research report on Monday, May 12th.
View Our Latest Stock Report on MLKN
MillerKnoll Price Performance
Shares of MillerKnoll stock traded up $0.71 on Tuesday, hitting $17.00. The company's stock had a trading volume of 535,192 shares, compared to its average volume of 597,384. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60. MillerKnoll, Inc. has a 1 year low of $15.25 and a 1 year high of $31.73. The firm has a fifty day moving average price of $17.13 and a 200-day moving average price of $20.74. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17.
MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued 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 company 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%. MillerKnoll's quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. As a group, sell-side analysts anticipate that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.
MillerKnoll Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Sunday, June 1st will be paid a $0.1875 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.75 dividend on an annualized basis and a yield of 4.41%. MillerKnoll's dividend payout ratio is currently 178.57%.
About MillerKnoll
(
Free Report)
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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