Handelsbanken Fonder AB Purchases 5,900 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Handelsbanken Fonder AB grew its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 51.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,277 shares of the company’s stock after acquiring an additional 5,900 shares during the period. Handelsbanken Fonder AB’s holdings in MillerKnoll were worth $461,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MLKN. Vanguard Group Inc. raised its position in MillerKnoll by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,971,907 shares of the company’s stock worth $219,363,000 after purchasing an additional 48,165 shares during the last quarter. Assenagon Asset Management S.A. raised its position in MillerKnoll by 359.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 79,781 shares of the company’s stock worth $2,129,000 after purchasing an additional 62,403 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in MillerKnoll during the 4th quarter worth $982,000. Northern Trust Corp raised its position in MillerKnoll by 3.1% during the 3rd quarter. Northern Trust Corp now owns 848,549 shares of the company’s stock worth $20,747,000 after purchasing an additional 25,270 shares during the last quarter. Finally, LSV Asset Management raised its position in MillerKnoll by 141.1% during the 3rd quarter. LSV Asset Management now owns 1,040,300 shares of the company’s stock worth $25,435,000 after purchasing an additional 608,810 shares during the last quarter. 87.50% of the stock is currently owned by institutional investors.

MillerKnoll Stock Down 0.4 %

Shares of NASDAQ:MLKN opened at $25.32 on Thursday. The business has a fifty day simple moving average of $27.84 and a 200 day simple moving average of $26.83. MillerKnoll, Inc. has a 12-month low of $13.20 and a 12-month high of $31.33. The company has a quick ratio of 0.95, a current ratio of 1.59 and a debt-to-equity ratio of 0.93. The firm has a market cap of $1.81 billion, a P/E ratio of 26.10, a P/E/G ratio of 1.12 and a beta of 1.29.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings data on Wednesday, March 27th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. MillerKnoll had a return on equity of 9.61% and a net margin of 1.96%. The firm had revenue of $872.30 million during the quarter, compared to analyst estimates of $909.55 million. During the same period last year, the company posted $0.54 EPS. The business’s quarterly revenue was down 11.4% on a year-over-year basis. Analysts predict that MillerKnoll, Inc. will post 1.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered MillerKnoll from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 28th.

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.