MillerKnoll (NASDAQ:MLKN) Hits New 12-Month Low - Should You Sell?

MillerKnoll, Inc. (NASDAQ:MLKN - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $15.91 and last traded at $16.21, with a volume of 1142970 shares trading hands. The stock had previously closed at $16.77.

Analyst Ratings Changes

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

MillerKnoll Stock Down 0.3 %

The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 18.01, 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 current ratio of 1.60 and a quick ratio of 0.99. The firm's fifty day moving average price is $20.07 and its 200-day moving average price is $22.37.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released 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. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The company had revenue of $876.20 million during the quarter, compared to the consensus estimate of $918.88 million. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The firm's revenue was up .4% compared to the same quarter last year. Sell-side analysts expect that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Saturday, March 1st will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Friday, February 28th. MillerKnoll's dividend payout ratio is currently 178.57%.

Institutional Investors Weigh In On MillerKnoll

Institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised 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 purchasing an additional 1,201 shares during the last quarter. Avior Wealth Management LLC grew its holdings in MillerKnoll by 228.8% during the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock worth $47,000 after acquiring an additional 1,448 shares during the period. Studio Investment Management LLC boosted its position in shares of MillerKnoll by 29.9% during the 4th quarter. Studio Investment Management LLC now owns 2,149 shares of the company's stock valued at $49,000 after purchasing an additional 495 shares in the last quarter. Sterling Capital Management LLC increased its holdings in MillerKnoll by 793.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,198 shares of the company's stock worth $50,000 after purchasing an additional 1,952 shares in the last quarter. Finally, KBC Group NV lifted its stake in MillerKnoll by 62.9% in the fourth quarter. KBC Group NV now owns 3,319 shares of the company's stock valued at $75,000 after buying an additional 1,281 shares during the period. Institutional investors and hedge funds 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.