MillerKnoll (NASDAQ:MLKN) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of MillerKnoll (NASDAQ:MLKN - Free Report) from a hold rating to a buy rating in a report issued on Monday morning.

Separately, Sidoti upgraded shares of MillerKnoll to a "hold" rating in a research note on Tuesday, March 25th.

MillerKnoll Trading Up 0.8%

MillerKnoll stock traded up $0.14 during mid-day trading on Monday, hitting $17.73. 319,854 shares of the stock were exchanged, compared to its average volume of 602,988. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 1.02. MillerKnoll has a 12 month low of $15.25 and a 12 month high of $31.73. The firm's fifty day simple moving average is $17.48 and its two-hundred day simple moving average is $21.09. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 0.89 and a beta of 1.17.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its quarterly earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. The firm had revenue of $876.20 million during the quarter, compared to analyst estimates of $918.88 million. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The company's revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS. Analysts forecast that MillerKnoll will post 2.12 EPS for the current year.

MillerKnoll Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Sunday, June 1st will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 4.23%. The ex-dividend date is Friday, May 30th. MillerKnoll's payout ratio is currently 178.57%.

Institutional Trading of MillerKnoll

Several hedge funds have recently bought and sold shares of MLKN. Deprince Race & Zollo Inc. acquired a new stake in MillerKnoll in the 4th quarter valued at $32,283,000. LSV Asset Management boosted its holdings in MillerKnoll by 36.4% during the 1st quarter. LSV Asset Management now owns 1,280,484 shares of the company's stock worth $24,508,000 after acquiring an additional 342,048 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in MillerKnoll by 877.9% during the 1st quarter. Raymond James Financial Inc. now owns 334,772 shares of the company's stock worth $6,407,000 after acquiring an additional 300,539 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in MillerKnoll during the 4th quarter worth $6,576,000. Finally, Russell Investments Group Ltd. boosted its holdings in MillerKnoll by 198.0% during the 4th quarter. Russell Investments Group Ltd. now owns 433,884 shares of the company's stock worth $9,801,000 after acquiring an additional 288,304 shares during the last quarter. Institutional investors and hedge funds 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.