MillerKnoll, Inc. (NASDAQ:MLKN) Shares Sold by Scharf Investments LLC

Scharf Investments LLC cut its stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,541,631 shares of the company's stock after selling 64,231 shares during the quarter. MillerKnoll comprises about 1.9% of Scharf Investments LLC's investment portfolio, making the stock its 23rd biggest position. Scharf Investments LLC owned 3.55% of MillerKnoll worth $67,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. grew its holdings in MillerKnoll by 100.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,140 shares of the company's stock valued at $30,000 after purchasing an additional 570 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of MillerKnoll during the second quarter worth about $30,000. International Assets Investment Management LLC lifted its stake in shares of MillerKnoll by 1,117.6% in the fourth quarter. International Assets Investment Management LLC now owns 1,449 shares of the company's stock worth $39,000 after acquiring an additional 1,330 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in MillerKnoll in the fourth quarter valued at about $40,000. Finally, Quadrant Capital Group LLC grew its stake in MillerKnoll by 46.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,537 shares of the company's stock valued at $41,000 after purchasing an additional 488 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company's stock.

MillerKnoll Stock Down 1.3 %

Shares of MLKN traded down $0.39 during midday trading on Thursday, hitting $28.82. The company had a trading volume of 290,644 shares, compared to its average volume of 639,232. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.14 and a beta of 1.19. The company's 50 day moving average price is $27.70 and its 200 day moving average price is $27.63. The company has a quick ratio of 0.92, a current ratio of 1.53 and a debt-to-equity ratio of 0.93. MillerKnoll, Inc. has a 52 week low of $16.50 and a 52 week high of $31.73.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its quarterly earnings results on Wednesday, June 26th. The company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.13. MillerKnoll had a return on equity of 10.94% and a net margin of 2.27%. The business had revenue of $888.90 million during the quarter, compared to the consensus estimate of $898.65 million. During the same period last year, the firm earned $0.41 earnings per share. The company's revenue for the quarter was down 7.1% compared to the same quarter last year. On average, equities research analysts predict that MillerKnoll, Inc. will post 2.21 EPS for the current year.

MillerKnoll Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Saturday, August 31st will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Friday, August 30th. MillerKnoll's dividend payout ratio is presently 67.57%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised MillerKnoll from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 3rd.

MillerKnoll 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.

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