MillerKnoll, Inc. $MLKN Shares Bought by LSV Asset Management

LSV Asset Management lifted its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 4.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,331,199 shares of the company’s stock after acquiring an additional 50,715 shares during the quarter. LSV Asset Management owned 1.96% of MillerKnoll worth $25,852,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new stake in MillerKnoll during the first quarter worth $70,000. CWM LLC raised its stake in shares of MillerKnoll by 346.9% during the 2nd quarter. CWM LLC now owns 5,072 shares of the company’s stock worth $99,000 after buying an additional 3,937 shares during the last quarter. Headlands Technologies LLC raised its stake in shares of MillerKnoll by 816.5% during the 1st quarter. Headlands Technologies LLC now owns 7,213 shares of the company’s stock worth $138,000 after buying an additional 6,426 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of MillerKnoll in the 2nd quarter worth about $200,000. Finally, Allianz Asset Management GmbH acquired a new stake in MillerKnoll in the 1st quarter valued at about $201,000. 87.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MLKN has been the topic of several recent research reports. Zacks Research raised shares of MillerKnoll from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of MillerKnoll in a report on Monday. Finally, Wall Street Zen raised MillerKnoll from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

MillerKnoll Stock Down 0.4%

Shares of NASDAQ:MLKN opened at $13.88 on Wednesday. The stock has a 50-day simple moving average of $17.02 and a 200-day simple moving average of $18.35. The stock has a market capitalization of $950.99 million, a P/E ratio of -55.52, a PEG ratio of 0.71 and a beta of 1.36. MillerKnoll, Inc. has a 1 year low of $13.78 and a 1 year high of $25.96. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.96 and a current ratio of 1.67.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data on Wednesday, February 16th. The company reported $0.35 EPS for the quarter. The company had revenue of $92.95 million for the quarter. MillerKnoll had a positive return on equity of 10.96% and a negative net margin of 0.41%. Equities analysts forecast 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 Thursday, January 15th. Shareholders of record on Saturday, November 29th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Friday, November 28th. MillerKnoll’s dividend payout ratio (DPR) is currently -300.00%.

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.