Balyasny Asset Management L.P. increased its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 82.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,769 shares of the company's stock after buying an additional 36,907 shares during the quarter. Balyasny Asset Management L.P. owned 0.12% of MillerKnoll worth $1,847,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of MLKN. Russell Investments Group Ltd. grew its holdings in shares of MillerKnoll by 198.0% during the fourth quarter. Russell Investments Group Ltd. now owns 433,884 shares of the company's stock valued at $9,801,000 after buying an additional 288,304 shares in the last quarter. Wellington Management Group LLP grew its stake in MillerKnoll by 39.9% in the fourth quarter. Wellington Management Group LLP now owns 804,105 shares of the company's stock valued at $18,165,000 after purchasing an additional 229,283 shares in the last quarter. Vulcan Value Partners LLC grew its stake in MillerKnoll by 12.8% in the fourth quarter. Vulcan Value Partners LLC now owns 1,252,093 shares of the company's stock valued at $28,285,000 after purchasing an additional 141,936 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in MillerKnoll by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,820,581 shares of the company's stock valued at $86,306,000 after purchasing an additional 121,478 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in MillerKnoll in the fourth quarter valued at about $2,370,000. Hedge funds and other institutional investors own 87.50% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on MLKN shares. Sidoti upgraded MillerKnoll to a "hold" rating in a research note on Tuesday, March 25th. StockNews.com upgraded MillerKnoll from a "hold" rating to a "buy" rating in a research note on Monday.
Get Our Latest Report on MillerKnoll
MillerKnoll Stock Performance
Shares of NASDAQ MLKN opened at $17.86 on Tuesday. The business's 50-day moving average price is $17.66 and its two-hundred day moving average price is $21.18. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. MillerKnoll, Inc. has a one year low of $15.25 and a one year high of $31.73. The company has a market capitalization of $1.21 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17.
MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, hitting analysts' consensus estimates of $0.44. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The company had revenue of $876.20 million during the quarter, compared to analysts' expectations of $918.88 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The business's quarterly revenue was up .4% compared to the same quarter last year. Analysts anticipate that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.
MillerKnoll Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 dividend yield of 4.20%. 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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