MillerKnoll (NASDAQ:MLKN) Upgraded by Sidoti to "Hold" Rating

Sidoti upgraded shares of MillerKnoll (NASDAQ:MLKN - Free Report) to a hold rating in a research report released on Tuesday,Zacks.com reports.

Separately, StockNews.com upgraded shares of MillerKnoll from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th.

MillerKnoll Stock Down 2.7 %

Shares of NASDAQ:MLKN traded down $0.54 during trading hours on Tuesday, hitting $19.76. The company's stock had a trading volume of 991,095 shares, compared to its average volume of 599,561. The firm's fifty day moving average price is $21.22 and its 200 day moving average price is $23.07. MillerKnoll has a 52 week low of $17.83 and a 52 week high of $31.73. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 21.71, a P/E/G ratio of 0.89 and a beta of 1.22. 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 issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 EPS for the quarter, hitting analysts' consensus estimates of $0.44. The company had revenue of $876.20 million during the quarter, compared to the consensus estimate of $918.88 million. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. MillerKnoll's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. As a group, research analysts expect that MillerKnoll will post 2.12 EPS for the current year.

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MillerKnoll Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Saturday, March 1st will be issued a dividend of $0.1875 per share. The ex-dividend date is Friday, February 28th. This represents a $0.75 annualized dividend and a dividend yield of 3.80%. MillerKnoll's dividend payout ratio is presently 82.42%.

Institutional Investors Weigh In On MillerKnoll

Large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC grew its position 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 increased its position in shares of MillerKnoll by 228.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock valued at $47,000 after acquiring an additional 1,448 shares during the period. Studio Investment Management LLC lifted its position in MillerKnoll by 29.9% during the 4th quarter. Studio Investment Management LLC now owns 2,149 shares of the company's stock worth $49,000 after acquiring an additional 495 shares during the period. Sterling Capital Management LLC grew its stake in MillerKnoll by 793.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,198 shares of the company's stock valued at $50,000 after purchasing an additional 1,952 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of 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 purchasing an additional 1,281 shares during the period. Hedge funds and other institutional investors 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.