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

LSV Asset Management increased its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,331,199 shares of the company’s stock after acquiring an additional 50,715 shares during the period. LSV Asset Management’s holdings in MillerKnoll were worth $25,852,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MLKN. Hsbc Holdings PLC grew its position in MillerKnoll by 7.8% in the 1st quarter. Hsbc Holdings PLC now owns 10,350 shares of the company’s stock worth $201,000 after purchasing an additional 753 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of MillerKnoll by 2.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company’s stock worth $775,000 after buying an additional 801 shares during the period. PNC Financial Services Group Inc. grew its holdings in MillerKnoll by 3.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 23,877 shares of the company’s stock worth $457,000 after buying an additional 859 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in MillerKnoll by 6.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,393 shares of the company’s stock valued at $338,000 after acquiring an additional 1,082 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in MillerKnoll by 10.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 16,022 shares of the company’s stock valued at $311,000 after acquiring an additional 1,532 shares in the last quarter. 87.50% of the stock is owned by institutional investors and hedge funds.

MillerKnoll Trading Down 0.4%

Shares of MillerKnoll stock opened at $13.88 on Wednesday. The business has a fifty day simple moving average of $17.02 and a 200-day simple moving average of $18.35. MillerKnoll, Inc. has a fifty-two week low of $13.78 and a fifty-two week high of $25.96. The firm has a market cap of $950.99 million, a price-to-earnings ratio of -55.52, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36. The company has a quick ratio of 0.96, a current ratio of 1.67 and a debt-to-equity ratio of 1.02.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Wednesday, February 16th. The company reported $0.35 EPS for the quarter. MillerKnoll had a negative net margin of 0.41% and a positive return on equity of 10.96%. The firm had revenue of $92.95 million for the quarter. On average, equities analysts forecast that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Saturday, November 29th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.75 annualized dividend and a yield of 5.4%. MillerKnoll’s dividend payout ratio is currently -300.00%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MLKN shares. Weiss Ratings reissued a “sell (d)” rating on shares of MillerKnoll in a research note on Monday. Wall Street Zen upgraded shares of MillerKnoll from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. Finally, Zacks Research upgraded shares of MillerKnoll from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, MillerKnoll has a consensus rating of “Hold”.

About MillerKnoll

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.