MillerKnoll, Inc. (NASDAQ:MLKN) Shares Sold by Arizona State Retirement System

Arizona State Retirement System reduced its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 2.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,051 shares of the company’s stock after selling 577 shares during the quarter. Arizona State Retirement System’s holdings in MillerKnoll were worth $453,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in MillerKnoll by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,312,945 shares of the company’s stock valued at $29,659,000 after buying an additional 42,343 shares during the period. Forager Capital Management LLC grew its stake in shares of MillerKnoll by 45.9% during the 3rd quarter. Forager Capital Management LLC now owns 953,841 shares of the company’s stock worth $23,617,000 after purchasing an additional 300,000 shares during the period. Disciplined Growth Investors Inc. MN grew its stake in shares of MillerKnoll by 157.4% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 852,584 shares of the company’s stock worth $21,110,000 after purchasing an additional 521,318 shares during the period. Wellington Management Group LLP grew its stake in shares of MillerKnoll by 1.2% during the 3rd quarter. Wellington Management Group LLP now owns 574,822 shares of the company’s stock worth $14,233,000 after purchasing an additional 6,576 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of MillerKnoll by 127.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 547,540 shares of the company’s stock worth $13,557,000 after purchasing an additional 307,210 shares during the period. 87.50% of the stock is owned by institutional investors and hedge funds.

MillerKnoll Stock Performance

NASDAQ:MLKN opened at $19.13 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 1.02. MillerKnoll, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $31.73. The stock has a market cap of $1.30 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. The firm’s fifty day simple moving average is $21.75 and its 200-day simple moving average is $23.75.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings data on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The business had revenue of $970.40 million for the quarter, compared to analyst estimates of $959.60 million. During the same period in the previous year, the firm earned $0.59 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Analysts expect that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Saturday, March 1st will be given a $0.1875 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.75 annualized dividend and a dividend yield of 3.92%. MillerKnoll’s dividend payout ratio is presently 82.42%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of MillerKnoll from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

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.