MillerKnoll (NASDAQ:MLKN) Sets New 52-Week Low - Should You Sell?

MillerKnoll, Inc. (NASDAQ:MLKN - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $15.85 and last traded at $15.87, with a volume of 126191 shares. The stock had previously closed at $16.28.

Analysts Set New Price Targets

Several research analysts recently commented on MLKN shares. Sidoti upgraded MillerKnoll to a "hold" rating in a research report on Tuesday, March 25th. StockNews.com downgraded shares of MillerKnoll from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th.

MillerKnoll Stock Up 0.3 %

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 company's 50 day moving average is $19.46 and its 200 day moving average is $22.10. The company has a market cap of $1.06 billion, a PE ratio of 17.27, a P/E/G ratio of 0.89 and a beta of 1.05.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. The company had revenue of $876.20 million for 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%. MillerKnoll's revenue was up .4% compared to the same quarter last year. During the same period last year, the company posted $0.45 earnings per share. As a group, analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in MillerKnoll by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,820,581 shares of the company's stock worth $86,306,000 after purchasing an additional 121,478 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in shares of MillerKnoll in the fourth quarter worth about $32,283,000. Charles Schwab Investment Management Inc. grew its stake in shares of MillerKnoll by 3.3% during the 4th 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. Vulcan Value Partners LLC increased its holdings in shares of MillerKnoll by 12.8% during the 4th quarter. Vulcan Value Partners LLC now owns 1,252,093 shares of the company's stock valued at $28,285,000 after purchasing an additional 141,936 shares in the last quarter. Finally, Forager Capital Management LLC lifted its stake in shares of MillerKnoll by 23.9% in the 4th quarter. Forager Capital Management LLC now owns 1,181,841 shares of the company's stock valued at $26,698,000 after purchasing an additional 228,000 shares during the period. Institutional investors own 87.50% of the company's stock.

MillerKnoll Company 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.