MillerKnoll (NASDAQ:MLKN) Sets New 52-Week Low – Time to Sell?

MillerKnoll, Inc. (NASDAQ:MLKN)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $17.36 and last traded at $17.44, with a volume of 353543 shares changing hands. The stock had previously closed at $19.22.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Sidoti raised MillerKnoll to a “hold” rating in a research report on Tuesday, March 25th. StockNews.com lowered MillerKnoll from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th.

MillerKnoll Price Performance

The stock has a market capitalization of $1.18 billion, a PE ratio of 19.10, a P/E/G ratio of 0.89 and a beta of 1.22. 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 stock’s 50-day moving average is $21.05 and its 200 day moving average is $22.92.

MillerKnoll (NASDAQ:MLKN) last issued its earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $918.88 million. During the same quarter last year, the business posted $0.45 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. As a group, equities analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Announces Dividend

The company also recently announced 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 4.32%. The ex-dividend date is Friday, February 28th. MillerKnoll’s payout ratio is currently 178.57%.

Institutional Investors Weigh In On MillerKnoll

Institutional investors have recently made changes to their positions in the company. Deprince Race & Zollo Inc. bought a new position in MillerKnoll during the fourth quarter valued at approximately $32,283,000. Disciplined Growth Investors Inc. MN increased 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 last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings 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 valued at $13,557,000 after purchasing an additional 307,210 shares in the last quarter. Forager Capital Management LLC lifted its stake in shares of MillerKnoll by 45.9% in the 3rd quarter. Forager Capital Management LLC now owns 953,841 shares of the company’s stock valued at $23,617,000 after purchasing an additional 300,000 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in MillerKnoll in the fourth quarter worth $6,576,000. 87.50% of the stock is currently owned by institutional investors and hedge funds.

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.