Front Street Capital Management Inc. Has $14.40 Million Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Front Street Capital Management Inc. increased its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 637,480 shares of the company’s stock after buying an additional 7,151 shares during the quarter. MillerKnoll accounts for about 2.5% of Front Street Capital Management Inc.’s investment portfolio, making the stock its 12th largest position. Front Street Capital Management Inc. owned 0.94% of MillerKnoll worth $14,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of MLKN. Smartleaf Asset Management LLC raised its stake in shares of MillerKnoll by 458.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock valued at $33,000 after acquiring an additional 1,201 shares during the last quarter. KBC Group NV increased its holdings in MillerKnoll by 62.9% during the 4th 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 in the last quarter. Avior Wealth Management LLC raised its position in 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 purchasing an additional 1,448 shares during the last quarter. Sei Investments Co. boosted its stake in MillerKnoll by 12.7% in the fourth quarter. Sei Investments Co. now owns 16,002 shares of the company’s stock worth $361,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of MillerKnoll by 793.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,198 shares of the company’s stock worth $50,000 after purchasing an additional 1,952 shares during the last quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll Trading Up 0.3 %

Shares of MLKN opened at $15.72 on Friday. The stock’s fifty day simple moving average is $19.59 and its 200-day simple moving average is $22.16. 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 firm has a market capitalization of $1.06 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 0.89 and a beta of 1.05. MillerKnoll, Inc. has a 12-month low of $15.43 and a 12-month high of $31.73.

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 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 analyst estimates of $918.88 million. During the same quarter last year, the firm earned $0.45 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. As a group, research analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MLKN shares. Sidoti raised MillerKnoll to a “hold” rating in a report on Tuesday, March 25th. StockNews.com lowered shares of MillerKnoll from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th.

MillerKnoll 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.