Alliancebernstein L.P. Sells 175,890 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Alliancebernstein L.P. lowered its stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,155,964 shares of the company's stock after selling 175,890 shares during the period. Alliancebernstein L.P. owned approximately 7.56% of MillerKnoll worth $116,473,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in shares of MillerKnoll by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,312,945 shares of the company's stock worth $29,659,000 after purchasing an additional 42,343 shares during the period. William Blair Investment Management LLC increased its stake in MillerKnoll by 2.6% in the 4th quarter. William Blair Investment Management LLC now owns 956,425 shares of the company's stock worth $21,606,000 after purchasing an additional 23,933 shares in the last quarter. Forager Capital Management LLC raised its holdings in MillerKnoll by 45.9% during the 3rd quarter. Forager Capital Management LLC now owns 953,841 shares of the company's stock worth $23,617,000 after buying an additional 300,000 shares during the period. Disciplined Growth Investors Inc. MN lifted its stake in MillerKnoll by 157.4% during the third quarter. Disciplined Growth Investors Inc. MN now owns 852,584 shares of the company's stock valued at $21,110,000 after buying an additional 521,318 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in MillerKnoll by 39.9% during the fourth quarter. Wellington Management Group LLP now owns 804,105 shares of the company's stock valued at $18,165,000 after buying an additional 229,283 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company's stock.

MillerKnoll Stock Down 3.5 %

NASDAQ:MLKN traded down $0.61 during trading hours on Monday, hitting $16.77. 853,068 shares of the company's stock traded hands, compared to its average volume of 600,726. The stock's fifty day moving average price is $20.72 and its two-hundred day moving average price is $22.67. The firm has a market cap of $1.14 billion, a P/E ratio of 18.43, a P/E/G 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, Inc. has a twelve month low of $16.24 and a twelve month high of $31.73.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. The company had revenue of $876.20 million for the quarter, compared to analysts' expectations of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The business's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 EPS. On average, research analysts expect that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be given a $0.1875 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.75 dividend on an annualized basis and a yield of 4.47%. MillerKnoll's payout ratio is 178.57%.

Analysts Set New Price Targets

MLKN has been the topic of a number of recent analyst reports. StockNews.com lowered shares of MillerKnoll from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Sidoti upgraded shares of MillerKnoll to a "hold" rating in a research report on Tuesday, March 25th.

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.