MillerKnoll (NASDAQ:MLKN) Reaches New 52-Week Low - Should You Sell?

MillerKnoll, Inc. (NASDAQ:MLKN - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $15.31 and last traded at $15.38, with a volume of 37329 shares changing hands. The stock had previously closed at $15.72.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Sidoti raised shares of MillerKnoll to a "hold" rating in a research note on Tuesday, March 25th. StockNews.com downgraded shares of MillerKnoll from a "buy" rating to a "hold" rating in a report on Saturday, March 29th.

MillerKnoll Trading Up 0.2 %

The company has a 50 day moving average of $18.80 and a 200-day moving average of $21.81. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth 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.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 EPS 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 business had revenue of $876.20 million during the quarter, compared to analyst estimates of $918.88 million. During the same quarter last year, the firm posted $0.45 earnings per share. The business's revenue for the quarter was up .4% compared to the same quarter last year. On average, research analysts anticipate that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Sunday, June 1st will be issued a $0.1875 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.75 dividend on an annualized basis and a yield of 4.56%. MillerKnoll's dividend payout ratio (DPR) is presently 178.57%.

Institutional Investors Weigh In On MillerKnoll

Hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its stake in shares of MillerKnoll by 458.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock worth $33,000 after buying an additional 1,201 shares during the period. Amundi raised its holdings in shares of MillerKnoll by 207.3% in the 4th quarter. Amundi now owns 40,433 shares of the company's stock valued at $884,000 after purchasing an additional 27,276 shares in the last quarter. Barclays PLC lifted its position in shares of 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 purchasing an additional 32,686 shares during the last quarter. Empowered Funds LLC increased its holdings in MillerKnoll by 5.1% in the fourth quarter. Empowered Funds LLC now owns 377,522 shares of the company's stock valued at $8,528,000 after buying an additional 18,378 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in MillerKnoll by 17.4% in the fourth quarter. Victory Capital Management Inc. now owns 275,948 shares of the company's stock valued at $6,234,000 after buying an additional 40,928 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company's stock.

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.