Teacher Retirement System of Texas Invests $200,000 in MillerKnoll, Inc. $MLKN

Teacher Retirement System of Texas acquired a new stake in MillerKnoll, Inc. (NASDAQ:MLKN) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 10,298 shares of the company’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. grew its holdings in shares of MillerKnoll by 7.9% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,329,264 shares of the company’s stock worth $44,582,000 after purchasing an additional 170,504 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in MillerKnoll by 2.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,343,825 shares of the company’s stock valued at $25,721,000 after buying an additional 30,880 shares during the period. LSV Asset Management grew its holdings in MillerKnoll by 36.4% in the 1st quarter. LSV Asset Management now owns 1,280,484 shares of the company’s stock worth $24,508,000 after acquiring an additional 342,048 shares during the last quarter. Wellington Management Group LLP increased its position in shares of MillerKnoll by 11.0% in the first quarter. Wellington Management Group LLP now owns 892,863 shares of the company’s stock valued at $17,089,000 after acquiring an additional 88,758 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of MillerKnoll by 26.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 839,998 shares of the company’s stock valued at $16,078,000 after acquiring an additional 175,648 shares during the period. Institutional investors own 87.50% of the company’s stock.

Analyst Ratings Changes

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

MillerKnoll Stock Performance

MillerKnoll stock opened at $14.66 on Thursday. MillerKnoll, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $25.96. The stock’s 50 day simple moving average is $17.56 and its two-hundred day simple moving average is $18.40. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.96 and a current ratio of 1.67. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of -58.64, a PEG ratio of 0.71 and a beta of 1.36.

MillerKnoll (NASDAQ:MLKN) last released its earnings results on Wednesday, February 16th. The company reported $0.35 EPS for the quarter. MillerKnoll had a positive return on equity of 10.96% and a negative net margin of 0.41%.The company had revenue of $92.95 million during the quarter. As a group, analysts expect that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Saturday, November 29th will be given 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 5.1%. MillerKnoll’s dividend payout ratio (DPR) is currently -300.00%.

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.