BNP Paribas Financial Markets Sells 15,858 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

BNP Paribas Financial Markets reduced its position in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 58.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,074 shares of the company's stock after selling 15,858 shares during the period. BNP Paribas Financial Markets' holdings in MillerKnoll were worth $250,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted 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 worth $33,000 after acquiring an additional 1,201 shares in the last quarter. Amundi boosted its stake in shares of MillerKnoll by 207.3% during the 4th quarter. Amundi now owns 40,433 shares of the company's stock worth $884,000 after acquiring an additional 27,276 shares in the last quarter. Barclays PLC boosted its stake in shares of MillerKnoll by 37.7% during the 3rd quarter. Barclays PLC now owns 119,389 shares of the company's stock worth $2,957,000 after acquiring an additional 32,686 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of MillerKnoll by 5.1% during the 4th quarter. Empowered Funds LLC now owns 377,522 shares of the company's stock worth $8,528,000 after acquiring an additional 18,378 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of MillerKnoll by 8.5% during the 4th quarter. Northern Trust Corp now owns 812,549 shares of the company's stock worth $18,355,000 after acquiring an additional 63,494 shares in the last quarter. Institutional investors own 87.50% of the company's stock.

MillerKnoll Stock Performance

NASDAQ:MLKN traded down $0.43 during mid-day trading on Monday, hitting $16.44. 447,491 shares of the company's stock traded hands, compared to its average volume of 597,735. The firm has a 50 day moving average of $16.95 and a two-hundred day moving average of $20.48. MillerKnoll, Inc. has a 12 month low of $15.25 and a 12 month high of $31.73. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The firm had revenue of $876.20 million during the quarter, compared to the consensus estimate of $918.88 million. During the same quarter in the prior year, the company earned $0.45 EPS. The firm's revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts forecast that MillerKnoll, Inc. will post 2.12 earnings per share 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. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.56%. MillerKnoll's dividend payout ratio is currently 178.57%.

Analysts Set New Price Targets

Several brokerages recently weighed in on MLKN. Sidoti upgraded MillerKnoll to a "hold" rating in a research note on Tuesday, March 25th. Wall Street Zen upgraded MillerKnoll from a "hold" rating to a "buy" rating in a research note on Monday, May 12th.

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.