Forager Capital Management LLC lifted its stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 23.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,181,841 shares of the company's stock after acquiring an additional 228,000 shares during the quarter. MillerKnoll accounts for 11.2% of Forager Capital Management LLC's investment portfolio, making the stock its 3rd largest position. Forager Capital Management LLC owned 1.73% of MillerKnoll worth $26,698,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in MLKN. Barclays PLC increased its stake in MillerKnoll by 37.7% during the 3rd quarter. Barclays PLC now owns 119,389 shares of the company's stock worth $2,957,000 after buying an additional 32,686 shares during the period. Franklin Resources Inc. raised its stake in shares of MillerKnoll by 5.6% in the third quarter. Franklin Resources Inc. now owns 39,928 shares of the company's stock valued at $973,000 after acquiring an additional 2,128 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in MillerKnoll by 1.5% in the third quarter. Principal Financial Group Inc. now owns 358,529 shares of the company's stock valued at $8,877,000 after purchasing an additional 5,155 shares during the period. Nordea Investment Management AB grew its stake in MillerKnoll by 3.7% during the 4th quarter. Nordea Investment Management AB now owns 178,570 shares of the company's stock worth $4,057,000 after purchasing an additional 6,433 shares in the last quarter. Finally, Avior Wealth Management LLC increased its holdings in MillerKnoll by 228.8% during the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock worth $47,000 after purchasing an additional 1,448 shares during the period. Hedge funds and other institutional investors own 87.50% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on MLKN. Sidoti upgraded shares of MillerKnoll to a "hold" rating in a report on Tuesday, March 25th. StockNews.com downgraded MillerKnoll from a "buy" rating to a "hold" rating in a report on Saturday, March 29th.
View Our Latest Research Report on MLKN
MillerKnoll Price Performance
MLKN stock opened at $16.75 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 0.89 and a beta of 1.17. MillerKnoll, Inc. has a 12-month low of $15.25 and a 12-month high of $31.73. The firm has a 50 day moving average of $17.71 and a 200-day moving average of $21.25.
MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, meeting 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 the consensus estimate of $918.88 million. During the same quarter in the previous year, the company posted $0.45 EPS. The firm's revenue for the quarter was up .4% on a year-over-year basis. As a group, equities analysts expect that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.
MillerKnoll Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Sunday, June 1st will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Friday, May 30th. MillerKnoll's payout ratio is 178.57%.
MillerKnoll Company Profile
(
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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