Landscape Capital Management L.L.C. trimmed its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 30.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,906 shares of the company's stock after selling 42,760 shares during the period. Landscape Capital Management L.L.C. owned 0.14% of MillerKnoll worth $2,167,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in MillerKnoll by 939.8% in the 3rd quarter. FMR LLC now owns 38,784 shares of the company's stock valued at $960,000 after acquiring an additional 35,054 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of MillerKnoll by 56.6% in the third quarter. Jane Street Group LLC now owns 90,960 shares of the company's stock valued at $2,252,000 after purchasing an additional 32,861 shares in the last quarter. Forager Capital Management LLC raised its position in MillerKnoll by 45.9% in the 3rd quarter. Forager Capital Management LLC now owns 953,841 shares of the company's stock worth $23,617,000 after purchasing an additional 300,000 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in MillerKnoll by 458.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock worth $33,000 after buying an additional 1,201 shares in the last quarter. Finally, Amundi boosted its position in MillerKnoll by 207.3% in the 4th quarter. Amundi now owns 40,433 shares of the company's stock valued at $884,000 after buying an additional 27,276 shares during the last quarter. 87.50% of the stock is owned by institutional investors.
MillerKnoll Stock Down 6.9 %
Shares of NASDAQ MLKN traded down $1.23 during mid-day trading on Thursday, reaching $16.51. 182,943 shares of the company's stock were exchanged, compared to its average volume of 603,440. MillerKnoll, Inc. has a twelve month low of $15.91 and a twelve month high of $31.73. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 0.89 and a beta of 1.05. The business has a fifty day simple moving average of $20.26 and a 200 day simple moving average of $22.49.
MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, meeting analysts' consensus estimates of $0.44. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The firm had revenue of $876.20 million for the quarter, compared to analyst estimates of $918.88 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The business's revenue was up .4% on a year-over-year basis. As a group, equities analysts expect that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.
MillerKnoll Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Friday, February 28th. MillerKnoll's dividend payout ratio is 178.57%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on MLKN shares. StockNews.com downgraded MillerKnoll from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Sidoti upgraded shares of MillerKnoll to a "hold" rating in a research report on Tuesday, March 25th.
View Our Latest Stock Analysis on MLKN
About MillerKnoll
(
Free Report)
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.
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