Louisiana State Employees Retirement System Makes New $982,000 Investment in MillerKnoll, Inc. (NASDAQ:MLKN)

Louisiana State Employees Retirement System bought a new stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 36,800 shares of the company's stock, valued at approximately $982,000. Louisiana State Employees Retirement System owned 0.05% of MillerKnoll as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in MillerKnoll in the 3rd quarter valued at about $36,000. Signaturefd LLC increased its holdings in shares of MillerKnoll by 52,066.7% during the third quarter. Signaturefd LLC now owns 1,565 shares of the company's stock worth $38,000 after purchasing an additional 1,562 shares during the period. International Assets Investment Management LLC increased its holdings in shares of MillerKnoll by 1,117.6% during the fourth quarter. International Assets Investment Management LLC now owns 1,449 shares of the company's stock worth $39,000 after purchasing an additional 1,330 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of MillerKnoll by 101.2% during the third quarter. PNC Financial Services Group Inc. now owns 3,104 shares of the company's stock worth $76,000 after purchasing an additional 1,561 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of MillerKnoll during the third quarter worth approximately $109,000. 87.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

MillerKnoll Trading Up 0.0 %

Shares of MLKN stock traded up $0.01 during trading hours on Thursday, hitting $25.36. 1,193,534 shares of the company's stock traded hands, compared to its average volume of 817,667. The stock's 50 day simple moving average is $28.25 and its 200 day simple moving average is $26.80. The stock has a market cap of $1.82 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 1.12 and a beta of 1.29. MillerKnoll, Inc. has a 12 month low of $13.20 and a 12 month high of $31.33. The company has a quick ratio of 0.95, a current ratio of 1.59 and a debt-to-equity ratio of 0.93.

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

MillerKnoll 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.