StockNews.com upgraded shares of MillerKnoll (NASDAQ:MLKN - Free Report) from a hold rating to a buy rating in a research note published on Monday.
Separately, Sidoti upgraded MillerKnoll to a "hold" rating in a report on Tuesday, March 25th.
Read Our Latest Report on MillerKnoll
MillerKnoll Stock Performance
Shares of MillerKnoll stock traded down $0.04 during midday trading on Monday, hitting $17.69. The company had a trading volume of 345,261 shares, compared to its average volume of 602,028. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 0.89 and a beta of 1.17. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 1.02. The company has a fifty day simple moving average of $17.43 and a 200 day simple moving average of $21.05. MillerKnoll has a 12-month low of $15.25 and a 12-month high of $31.73.
MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The company had revenue of $876.20 million for the quarter, compared to the consensus estimate of $918.88 million. During the same quarter in the prior year, the company earned $0.45 EPS. MillerKnoll's quarterly revenue was up .4% on a year-over-year basis. As a group, analysts predict that MillerKnoll 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, July 15th. Investors of record on Sunday, June 1st will be issued a $0.1875 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.75 annualized dividend and a yield of 4.24%. MillerKnoll's dividend payout ratio (DPR) is currently 178.57%.
Hedge Funds Weigh In On MillerKnoll
Several institutional investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in shares of MillerKnoll by 458.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock worth $33,000 after buying an additional 1,201 shares in the last quarter. Amundi grew its position in shares of MillerKnoll by 207.3% during the fourth quarter. Amundi now owns 40,433 shares of the company's stock worth $884,000 after buying an additional 27,276 shares in the last quarter. Barclays PLC grew its position in shares of MillerKnoll by 37.7% during the third quarter. Barclays PLC now owns 119,389 shares of the company's stock worth $2,957,000 after buying an additional 32,686 shares in the last quarter. Empowered Funds LLC grew its position in shares of MillerKnoll by 5.1% during the fourth quarter. Empowered Funds LLC now owns 377,522 shares of the company's stock worth $8,528,000 after buying an additional 18,378 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of MillerKnoll by 17.4% during the fourth quarter. Victory Capital Management Inc. now owns 275,948 shares of the company's stock worth $6,234,000 after buying an additional 40,928 shares in the last quarter. 87.50% of the stock is owned by institutional investors and hedge funds.
MillerKnoll Company Profile
(
Get 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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