SG Americas Securities LLC purchased a new position in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 32,581 shares of the company's stock, valued at approximately $624,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in MillerKnoll by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,820,581 shares of the company's stock valued at $86,306,000 after buying an additional 121,478 shares during the period. Deprince Race & Zollo Inc. bought a new stake in MillerKnoll during the fourth quarter valued at $32,283,000. Charles Schwab Investment Management Inc. boosted its stake in MillerKnoll by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,312,945 shares of the company's stock valued at $29,659,000 after buying an additional 42,343 shares during the period. Vulcan Value Partners LLC boosted its stake in MillerKnoll by 12.8% during the fourth quarter. Vulcan Value Partners LLC now owns 1,252,093 shares of the company's stock valued at $28,285,000 after buying an additional 141,936 shares during the period. Finally, Forager Capital Management LLC boosted its stake in MillerKnoll by 23.9% during the fourth quarter. Forager Capital Management LLC now owns 1,181,841 shares of the company's stock valued at $26,698,000 after buying an additional 228,000 shares during the period. Hedge funds and other institutional investors own 87.50% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on MLKN. Wall Street Zen raised MillerKnoll from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Sidoti upgraded MillerKnoll to a "hold" rating in a research report on Tuesday, March 25th.
View Our Latest Analysis on MillerKnoll
MillerKnoll Price Performance
NASDAQ MLKN remained flat at $16.91 during trading hours on Friday. The company's stock had a trading volume of 653,622 shares, compared to its average volume of 596,500. The firm has a 50-day moving average price of $16.76 and a 200 day moving average price of $19.73. MillerKnoll, Inc. has a twelve month low of $15.25 and a twelve month high of $31.73. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.05 and a current ratio of 1.67. The firm has a market cap of $1.15 billion, a P/E ratio of 40.26, a price-to-earnings-growth ratio of 0.74 and a beta of 1.17.
MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, meeting analysts' consensus estimates of $0.44. MillerKnoll had a return on equity of 10.79% and a net margin of 0.84%. The business had revenue of $876.20 million for the quarter, compared to the consensus estimate of $918.88 million. During the same quarter last year, the business posted $0.45 earnings per share. The company's revenue for the quarter was up .4% on a year-over-year basis. On average, sell-side analysts forecast that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.
MillerKnoll Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Sunday, June 1st will be issued a $0.1875 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.75 annualized dividend and a dividend yield of 4.44%. 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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