MillerKnoll, Inc. (NASDAQ:MLKN - Get Free Report) shares rose 6.9% on Monday . The company traded as high as $19.80 and last traded at $19.47. Approximately 90,795 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 548,219 shares. The stock had previously closed at $18.21.
Analyst Ratings Changes
MLKN has been the topic of several recent analyst reports. Wall Street Zen raised shares of MillerKnoll from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Benchmark upgraded MillerKnoll to a "hold" rating in a research report on Friday, June 27th.
View Our Latest Report on MillerKnoll
MillerKnoll Stock Performance
The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The firm's fifty day moving average is $18.94 and its 200 day moving average is $19.03. The company has a market cap of $1.36 billion, a PE ratio of -35.64, a price-to-earnings-growth ratio of 0.91 and a beta of 1.22.
MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.16. MillerKnoll had a positive return on equity of 10.44% and a negative net margin of 1.01%. The company had revenue of $961.80 million for the quarter, compared to analyst estimates of $913.80 million. During the same quarter last year, the firm posted $0.67 EPS. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, research analysts predict that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.
MillerKnoll Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Sunday, August 31st will be paid a dividend of $0.1875 per share. The ex-dividend date is Friday, August 29th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.7%. MillerKnoll's payout ratio is presently -133.93%.
Hedge Funds Weigh In On MillerKnoll
Several large investors have recently bought and sold shares of MLKN. Studio Investment Management LLC raised its stake in shares of MillerKnoll by 29.9% during 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 during the last quarter. Sterling Capital Management LLC lifted its stake in shares of MillerKnoll by 793.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,198 shares of the company's stock worth $50,000 after acquiring an additional 1,952 shares during the period. Summit Securities Group LLC purchased a new stake in shares of MillerKnoll in the first quarter valued at about $70,000. CWM LLC increased its stake in shares of MillerKnoll by 346.9% during the second quarter. CWM LLC now owns 5,072 shares of the company's stock worth $99,000 after acquiring an additional 3,937 shares during the period. Finally, Headlands Technologies LLC raised its holdings in MillerKnoll by 816.5% during the first quarter. Headlands Technologies LLC now owns 7,213 shares of the company's stock worth $138,000 after purchasing an additional 6,426 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company's stock.
About MillerKnoll
(
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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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