MillerKnoll (NASDAQ:MLKN) Reaches New 52-Week Low - Time to Sell?

MillerKnoll, Inc. (NASDAQ:MLKN - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $15.85 and last traded at $15.87, with a volume of 126191 shares changing hands. The stock had previously closed at $16.28.

Analysts Set New Price Targets

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

MillerKnoll Stock Up 0.3 %

The firm has a 50-day moving average of $19.46 and a two-hundred day moving average of $22.08. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 0.89 and a beta of 1.05. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02.

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

Institutional Trading of MillerKnoll

A number of hedge funds have recently modified their holdings of MLKN. Smartleaf Asset Management LLC lifted its position in MillerKnoll by 458.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock worth $33,000 after purchasing an additional 1,201 shares during the period. Avior Wealth Management LLC boosted its position in shares of MillerKnoll by 228.8% during the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock valued at $47,000 after acquiring an additional 1,448 shares in the last quarter. Studio Investment Management LLC raised its position in MillerKnoll by 29.9% in the fourth quarter. Studio Investment Management LLC now owns 2,149 shares of the company's stock worth $49,000 after purchasing an additional 495 shares in the last quarter. Sterling Capital Management LLC lifted its stake in MillerKnoll by 793.5% during 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 during the period. Finally, KBC Group NV grew its stake in shares of 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 purchasing an additional 1,281 shares during the period. Institutional investors own 87.50% of the company's stock.

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.