BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys New Shares in MillerKnoll, Inc. (NASDAQ:MLKN)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 31,000 shares of the company's stock, valued at approximately $821,000.

A number of other large investors have also modified their holdings of the business. Quadrant Capital Group LLC increased its position in shares of MillerKnoll by 46.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,537 shares of the company's stock valued at $41,000 after acquiring an additional 488 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in shares of MillerKnoll by 100.0% in the fourth 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 during the period. SummerHaven Investment Management LLC raised its stake in shares of MillerKnoll by 1.3% in the second quarter. SummerHaven Investment Management LLC now owns 44,779 shares of the company's stock worth $1,186,000 after purchasing an additional 580 shares during the last quarter. Oliver Luxxe Assets LLC lifted its holdings in shares of MillerKnoll by 1.9% during the first quarter. Oliver Luxxe Assets LLC now owns 35,724 shares of the company's stock worth $885,000 after purchasing an additional 665 shares during the period. Finally, Bridge City Capital LLC boosted its position in MillerKnoll by 0.8% in the first quarter. Bridge City Capital LLC now owns 91,676 shares of the company's stock valued at $2,270,000 after buying an additional 693 shares during the last quarter. Hedge funds and other institutional investors own 87.50% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of MillerKnoll from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 3rd.

MillerKnoll Stock Performance

Shares of MLKN stock traded down $1.09 on Tuesday, hitting $28.36. The company had a trading volume of 417,079 shares, compared to its average volume of 629,587. The firm has a market cap of $2.03 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 1.11 and a beta of 1.19. MillerKnoll, Inc. has a twelve month low of $16.50 and a twelve month high of $31.73. The company has a 50-day moving average price of $28.29 and a 200-day moving average price of $27.71. 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 (NASDAQ:MLKN - Get Free Report) last released its quarterly earnings results on Wednesday, June 26th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.54 by $0.13. The company had revenue of $888.90 million for the quarter, compared to analyst estimates of $898.65 million. MillerKnoll had a net margin of 2.27% and a return on equity of 10.94%. The firm's revenue was down 7.1% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share. As a group, equities research analysts predict that MillerKnoll, Inc. will post 2.21 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Saturday, August 31st will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.64%. MillerKnoll's dividend payout ratio (DPR) is 67.57%.

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.