First Trust Advisors LP Has $3.20 Million Stake in MillerKnoll, Inc. (NASDAQ:MLKN)

First Trust Advisors LP boosted its position in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 28.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 141,554 shares of the company's stock after purchasing an additional 31,762 shares during the period. First Trust Advisors LP owned approximately 0.21% of MillerKnoll worth $3,198,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MLKN. Front Street Capital Management Inc. lifted its holdings in shares of MillerKnoll by 1.1% during the fourth quarter. Front Street Capital Management Inc. now owns 637,480 shares of the company's stock valued at $14,401,000 after purchasing an additional 7,151 shares during the last quarter. Barclays PLC increased its stake in shares of MillerKnoll by 4.9% during the 4th quarter. Barclays PLC now owns 125,186 shares of the company's stock worth $2,828,000 after purchasing an additional 5,797 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in MillerKnoll by 793.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,198 shares of the company's stock worth $50,000 after purchasing an additional 1,952 shares in the last quarter. LSV Asset Management raised its holdings in MillerKnoll by 0.6% during the fourth quarter. LSV Asset Management now owns 938,436 shares of the company's stock valued at $21,199,000 after buying an additional 5,690 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of MillerKnoll during the 4th quarter valued at about $773,000. Institutional investors and hedge funds own 87.50% of the company's stock.

Wall Street Analysts Forecast Growth

MLKN has been the topic of a number of recent analyst reports. StockNews.com lowered MillerKnoll from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th. Sidoti upgraded shares of MillerKnoll to a "hold" rating in a research report on Tuesday, March 25th.

MillerKnoll Price Performance

NASDAQ MLKN traded down $0.09 during trading on Friday, reaching $16.65. 76,249 shares of the company traded hands, compared to its average volume of 600,754. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 0.89 and a beta of 1.17. MillerKnoll, Inc. has a 1-year low of $15.25 and a 1-year high of $31.73. The stock's 50 day moving average price is $17.79 and its two-hundred day moving average price is $21.30.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued 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 for the quarter, compared to analysts' expectations of $918.88 million. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The company's quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. As a group, analysts anticipate that MillerKnoll, Inc. will post 2.12 EPS for the current 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 issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Friday, May 30th. MillerKnoll's dividend payout ratio is currently 178.57%.

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.