MillerKnoll, Inc. (NASDAQ:MLKN) Short Interest Update

MillerKnoll, Inc. (NASDAQ:MLKN - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 3,120,000 shares, a growth of 37.4% from the March 15th total of 2,270,000 shares. Based on an average daily volume of 866,400 shares, the days-to-cover ratio is currently 3.6 days. Approximately 4.3% of the shares of the stock are sold short.

MillerKnoll Trading Down 0.5 %

Shares of NASDAQ:MLKN traded down $0.14 on Friday, reaching $25.98. 512,735 shares of the company traded hands, compared to its average volume of 1,292,465. The stock has a market capitalization of $1.86 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 1.12 and a beta of 1.29. The business's 50-day simple moving average is $28.63 and its 200 day simple moving average is $26.73. The company has a current ratio of 1.59, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. MillerKnoll has a 52 week low of $13.20 and a 52 week high of $31.33.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its quarterly earnings results on Wednesday, March 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. MillerKnoll had a return on equity of 9.61% and a net margin of 1.96%. The business had revenue of $872.30 million for the quarter, compared to analyst estimates of $909.55 million. During the same period last year, the company earned $0.54 EPS. MillerKnoll's revenue for the quarter was down 11.4% compared to the same quarter last year. As a group, equities analysts anticipate that MillerKnoll will post 1.94 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Saturday, March 2nd will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, February 29th. MillerKnoll's dividend payout ratio (DPR) is presently 77.32%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of MillerKnoll from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 28th.

Hedge Funds Weigh In On MillerKnoll

Several hedge funds and other institutional investors have recently modified their holdings of MLKN. Vanguard Group Inc. increased its holdings in MillerKnoll by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,971,907 shares of the company's stock valued at $219,363,000 after purchasing an additional 48,165 shares during the period. Assenagon Asset Management S.A. lifted its stake in MillerKnoll by 359.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 79,781 shares of the company's stock worth $2,129,000 after acquiring an additional 62,403 shares during the period. Northern Trust Corp lifted its stake in MillerKnoll by 3.1% in the third quarter. Northern Trust Corp now owns 848,549 shares of the company's stock worth $20,747,000 after acquiring an additional 25,270 shares during the period. LSV Asset Management boosted its holdings in MillerKnoll by 141.1% in the third quarter. LSV Asset Management now owns 1,040,300 shares of the company's stock valued at $25,435,000 after acquiring an additional 608,810 shares in the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new position in MillerKnoll during the 3rd quarter valued at $1,126,000. 87.50% of the stock is owned by institutional investors.

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.