Victory Capital Management Inc. Sells 27,430 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Victory Capital Management Inc. decreased its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 9.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 248,518 shares of the company's stock after selling 27,430 shares during the period. Victory Capital Management Inc. owned 0.37% of MillerKnoll worth $4,757,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC bought a new stake in MillerKnoll in the 1st quarter valued at about $624,000. GAMMA Investing LLC boosted its holdings in MillerKnoll by 2,189.3% in the 1st quarter. GAMMA Investing LLC now owns 46,472 shares of the company's stock valued at $889,000 after purchasing an additional 44,442 shares during the period. Northern Trust Corp boosted its holdings in MillerKnoll by 8.5% in the 4th quarter. Northern Trust Corp now owns 812,549 shares of the company's stock valued at $18,355,000 after purchasing an additional 63,494 shares during the period. Barclays PLC boosted its holdings in MillerKnoll by 4.9% in 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 during the period. Finally, American Century Companies Inc. boosted its holdings in MillerKnoll by 9.4% in the 4th quarter. American Century Companies Inc. now owns 176,966 shares of the company's stock valued at $3,998,000 after purchasing an additional 15,175 shares during the period. Institutional investors own 87.50% of the company's stock.

Analyst Ratings Changes

MLKN has been the subject of a number of recent research reports. Wall Street Zen raised shares of MillerKnoll from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Benchmark raised shares of MillerKnoll to a "hold" rating in a report on Friday, June 27th.

MillerKnoll Price Performance

Shares of NASDAQ:MLKN opened at $20.17 on Friday. The firm has a 50 day moving average of $18.45 and a 200-day moving average of $19.15. The stock has a market capitalization of $1.37 billion, a PE ratio of -36.02, a PEG ratio of 0.93 and a beta of 1.20. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. MillerKnoll, Inc. has a 12 month low of $15.25 and a 12 month high of $31.73.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its earnings results on Wednesday, June 25th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.44 by $0.16. The company had revenue of $961.80 million during the quarter, compared to analysts' expectations of $913.80 million. MillerKnoll had a negative net margin of 1.01% and a positive return on equity of 10.44%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 EPS. On average, equities research analysts predict 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 Wednesday, October 15th. Investors of record on Sunday, August 31st will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Friday, August 29th. MillerKnoll's dividend payout ratio is -133.93%.

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.

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