MillerKnoll (NASDAQ:MLKN) Hits New 1-Year Low - Time to Sell?

Shares of MillerKnoll, Inc. (NASDAQ:MLKN - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $18.35 and last traded at $19.03, with a volume of 399 shares traded. The stock had previously closed at $19.13.

Analyst Ratings Changes

Separately, StockNews.com raised MillerKnoll from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th.

MillerKnoll Trading Down 2.5 %

The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. The business has a fifty day moving average of $21.52 and a 200-day moving average of $23.46. 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 earnings results on Wednesday, December 18th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. The company had revenue of $970.40 million for the quarter, compared to analyst estimates of $959.60 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. MillerKnoll's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 earnings per share. On average, equities analysts anticipate that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

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MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Friday, February 28th. MillerKnoll's dividend payout ratio is presently 82.42%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MLKN. FMR LLC boosted its stake in MillerKnoll by 939.8% in the 3rd quarter. FMR LLC now owns 38,784 shares of the company's stock worth $960,000 after purchasing an additional 35,054 shares during the period. Jane Street Group LLC lifted 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 boosted its position in shares of MillerKnoll by 45.9% in the third 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. Smartleaf Asset Management LLC grew its holdings in shares of MillerKnoll by 458.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock valued at $33,000 after buying an additional 1,201 shares in the last quarter. Finally, Empowered Funds LLC raised its position in MillerKnoll by 5.1% during the fourth quarter. Empowered Funds LLC now owns 377,522 shares of the company's stock valued at $8,528,000 after buying an additional 18,378 shares during the period. 87.50% of the stock is owned by hedge funds and other institutional investors.

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.