Arrowstreet Capital Limited Partnership Raises Stake in MillerKnoll, Inc. (NASDAQ:MLKN)

Arrowstreet Capital Limited Partnership boosted its stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 516,496 shares of the company's stock after acquiring an additional 54,752 shares during the period. Arrowstreet Capital Limited Partnership owned 0.76% of MillerKnoll worth $11,668,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its position in MillerKnoll by 458.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock worth $33,000 after acquiring an additional 1,201 shares during the period. KBC Group NV raised its position in MillerKnoll by 62.9% in the fourth quarter. KBC Group NV now owns 3,319 shares of the company's stock worth $75,000 after acquiring an additional 1,281 shares during the period. Avior Wealth Management LLC raised its position in shares of MillerKnoll by 228.8% in the fourth quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock valued at $47,000 after purchasing an additional 1,448 shares during the period. Sei Investments Co. raised its position in shares of MillerKnoll by 12.7% in the fourth quarter. Sei Investments Co. now owns 16,002 shares of the company's stock valued at $361,000 after purchasing an additional 1,800 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of MillerKnoll by 5.6% in the third quarter. Franklin Resources Inc. now owns 39,928 shares of the company's stock valued at $973,000 after purchasing an additional 2,128 shares during the period. Institutional investors own 87.50% of the company's stock.

MillerKnoll Price Performance

MLKN stock traded down $0.65 during midday trading on Thursday, reaching $17.08. The company had a trading volume of 70,155 shares, compared to its average volume of 625,177. MillerKnoll, Inc. has a 1 year low of $15.91 and a 1 year high of $31.73. The company has a market capitalization of $1.16 billion, a P/E ratio of 18.77, a P/E/G ratio of 0.89 and a beta of 1.05. The firm has a 50-day moving average price of $20.26 and a 200-day moving average price of $22.49. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.44. The company had revenue of $876.20 million during the quarter, compared to analysts' expectations of $918.88 million. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The firm's revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. On average, research analysts anticipate 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. Stockholders 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 annualized dividend and a dividend yield of 4.39%. MillerKnoll's dividend payout ratio is 178.57%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MLKN. StockNews.com lowered shares of MillerKnoll from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Sidoti raised 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.