Prudential Financial Inc. lessened its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 32.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 76,187 shares of the company's stock after selling 35,900 shares during the period. Prudential Financial Inc. owned approximately 0.11% of MillerKnoll worth $1,721,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Disciplined Growth Investors Inc. MN boosted its position in MillerKnoll by 157.4% during the third quarter. Disciplined Growth Investors Inc. MN now owns 852,584 shares of the company's stock valued at $21,110,000 after purchasing an additional 521,318 shares in the last quarter. Forager Capital Management LLC raised its position in MillerKnoll by 45.9% during the third quarter. Forager Capital Management LLC now owns 953,841 shares of the company's stock valued at $23,617,000 after acquiring an additional 300,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in MillerKnoll by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,312,945 shares of the company's stock valued at $29,659,000 after acquiring an additional 42,343 shares in the last quarter. Victory Capital Management Inc. grew its holdings in MillerKnoll by 17.4% in the fourth quarter. Victory Capital Management Inc. now owns 275,948 shares of the company's stock valued at $6,234,000 after purchasing an additional 40,928 shares during the period. Finally, FMR LLC grew its holdings in MillerKnoll by 939.8% in the third quarter. FMR LLC now owns 38,784 shares of the company's stock valued at $960,000 after purchasing an additional 35,054 shares during the period. Hedge funds and other institutional investors own 87.50% of the company's stock.
Analyst Upgrades and Downgrades
MLKN has been the topic of a number of research analyst reports. Sidoti raised MillerKnoll to a "hold" rating in a research note on Tuesday, March 25th. StockNews.com downgraded MillerKnoll from a "buy" rating to a "hold" rating in a report on Saturday, March 29th.
Read Our Latest Stock Analysis on MillerKnoll
MillerKnoll Stock Performance
MillerKnoll stock traded down $0.65 during mid-day trading on Thursday, reaching $17.08. 70,155 shares of the company were exchanged, compared to its average volume of 625,177. The firm has a market cap of $1.16 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 0.89 and a beta of 1.05. The firm's 50-day simple moving average is $20.26 and its two-hundred day simple moving average is $22.49. MillerKnoll, Inc. has a twelve month low of $15.91 and a twelve month high of $31.73. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60.
MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its earnings results on Wednesday, March 26th. The company reported $0.44 EPS for the quarter, meeting analysts' consensus estimates of $0.44. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The firm had revenue of $876.20 million for the quarter, compared to analysts' expectations of $918.88 million. During the same quarter in the prior year, the firm earned $0.45 EPS. MillerKnoll's quarterly revenue was up .4% on a year-over-year basis. Equities analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.
MillerKnoll Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 4.39%. The ex-dividend date is Friday, February 28th. MillerKnoll's dividend payout ratio (DPR) is presently 178.57%.
MillerKnoll Company Profile
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Free Report)
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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