Scharf Investments LLC cut its stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 96.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,939 shares of the company's stock after selling 814,654 shares during the period. Scharf Investments LLC owned about 0.05% of MillerKnoll worth $650,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in MillerKnoll by 458.4% in the fourth 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 in the last quarter. Amundi boosted its holdings in shares of MillerKnoll by 207.3% in 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. Northern Trust Corp grew its position in 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 during the last quarter. Victory Capital Management Inc. grew its position in MillerKnoll by 17.4% during the 4th quarter. Victory Capital Management Inc. now owns 275,948 shares of the company's stock worth $6,234,000 after acquiring an additional 40,928 shares during the last quarter. Finally, Barclays PLC increased its holdings in MillerKnoll by 4.9% during the 4th quarter. Barclays PLC now owns 125,186 shares of the company's stock valued at $2,828,000 after purchasing an additional 5,797 shares in the last quarter. Institutional investors own 87.50% of the company's stock.
MillerKnoll Price Performance
Shares of MLKN stock opened at $16.91 on Monday. 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 1.67, a quick ratio of 1.05 and a debt-to-equity ratio of 1.02. The firm's 50 day moving average is $16.76 and its 200-day moving average is $19.73. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 40.26, a PEG ratio of 0.74 and a beta of 1.17.
MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The firm had revenue of $876.20 million during the quarter, compared to analysts' expectations of $918.88 million. MillerKnoll had a net margin of 0.84% and a return on equity of 10.79%. MillerKnoll's revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. Sell-side analysts forecast 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. Investors 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 yield of 4.44%. MillerKnoll's payout ratio is 178.57%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the company. Sidoti raised MillerKnoll to a "hold" rating in a research note 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.
Check Out Our Latest Analysis on MLKN
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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