Invenomic Capital Management LP Purchases Shares of 97,458 MillerKnoll, Inc. (NASDAQ:MLKN)

Invenomic Capital Management LP acquired a new position in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 97,458 shares of the company's stock, valued at approximately $2,202,000. Invenomic Capital Management LP owned 0.14% of MillerKnoll as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in MillerKnoll by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,820,581 shares of the company's stock worth $86,306,000 after acquiring an additional 121,478 shares during the period. Deprince Race & Zollo Inc. acquired a new position in MillerKnoll during the fourth quarter worth $32,283,000. Charles Schwab Investment Management Inc. raised its position 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 worth $29,659,000 after acquiring an additional 42,343 shares during the period. Vulcan Value Partners LLC grew its holdings in shares of MillerKnoll by 12.8% during the fourth quarter. Vulcan Value Partners LLC now owns 1,252,093 shares of the company's stock worth $28,285,000 after buying an additional 141,936 shares in the last quarter. Finally, Forager Capital Management LLC grew its holdings in shares of MillerKnoll by 23.9% during the fourth quarter. Forager Capital Management LLC now owns 1,181,841 shares of the company's stock worth $26,698,000 after buying an additional 228,000 shares in the last quarter. 87.50% of the stock is currently owned by institutional investors and hedge funds.

MillerKnoll Price Performance

Shares of MillerKnoll stock traded up $0.14 during trading hours on Thursday, reaching $17.73. 319,854 shares of the company's stock were exchanged, compared to its average volume of 602,081. MillerKnoll, Inc. has a 1 year low of $15.25 and a 1 year high of $31.73. The company has a market capitalization of $1.20 billion, a P/E ratio of 19.48, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17. The business has a fifty day moving average of $17.53 and a two-hundred day moving average of $21.13. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 1.02.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The firm had revenue of $876.20 million during the quarter, compared to analysts' expectations of $918.88 million. During the same period last year, the business earned $0.45 earnings per share. MillerKnoll's revenue was up .4% compared to the same quarter last year. As a group, research analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Sunday, June 1st will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Friday, May 30th. MillerKnoll's dividend payout ratio (DPR) is presently 178.57%.

Analysts Set New Price Targets

MLKN has been the subject of a number of research reports. Sidoti raised shares of MillerKnoll to a "hold" rating in a report on Tuesday, March 25th. StockNews.com raised shares of MillerKnoll from a "hold" rating to a "buy" rating in a report on Monday.

MillerKnoll Company Profile

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.