Franklin Resources Inc. Trims Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Franklin Resources Inc. decreased its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 40.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,885 shares of the company's stock after selling 16,043 shares during the quarter. Franklin Resources Inc.'s holdings in MillerKnoll were worth $540,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in MillerKnoll by 458.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock valued at $33,000 after purchasing an additional 1,201 shares in the last quarter. KBC Group NV increased its position in MillerKnoll by 62.9% in the 4th quarter. KBC Group NV now owns 3,319 shares of the company's stock valued at $75,000 after buying an additional 1,281 shares in the last quarter. Avior Wealth Management LLC raised its stake 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 buying an additional 1,448 shares during the period. Sei Investments Co. boosted its holdings in MillerKnoll by 12.7% in the fourth quarter. Sei Investments Co. now owns 16,002 shares of the company's stock worth $361,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Gallacher Capital Management LLC grew its stake in MillerKnoll by 17.0% in the fourth quarter. Gallacher Capital Management LLC now owns 20,004 shares of the company's stock valued at $452,000 after acquiring an additional 2,908 shares during the period. Institutional investors own 87.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MLKN. Sidoti upgraded shares of MillerKnoll to a "hold" rating in a report on Tuesday, March 25th. StockNews.com lowered shares of MillerKnoll from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th.

MillerKnoll Price Performance

MLKN traded up $0.45 on Tuesday, reaching $15.92. The company had a trading volume of 601,149 shares, compared to its average volume of 608,077. MillerKnoll, Inc. has a 52-week low of $15.25 and a 52-week high of $31.73. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 0.89 and a beta of 1.05. 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 business has a 50 day simple moving average of $19.19 and a 200 day simple moving average of $21.96.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. The firm had revenue of $876.20 million during the quarter, compared to analyst estimates of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The company's revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. As a group, sell-side analysts anticipate that MillerKnoll, Inc. will post 2.12 EPS for the current year.

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.