1 week Ago By Defense World Staff
Norges Bank acquired a new stake in MillerKnoll, Inc. (NASDAQ:MLKN – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,164 shares of the company’s stock, valued at approximately $365,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its stake in shares of MillerKnoll by 458.4% in the 4th quarter.
Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock valued at $33,000 after purchasing an additional 1,201 shares during the period. Avior Wealth Management LLC increased its holdings in MillerKnoll by 228.8% in the fourth 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. KBC Group NV lifted its stake in MillerKnoll by 62.9% in the fourth quarter.
KBC Group NV now owns 3,319 shares of the company’s stock valued at $75,000 after buying an additional 1,281 shares during the period. Verition Fund Management LLC acquired a new position in MillerKnoll in the third quarter valued at about $210,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in MillerKnoll during the fourth quarter worth about $238,000.
87.50% of the stock is owned by institutional investors. MillerKnoll Price PerformanceMLKN opened at $16.
44 on Friday. The company has a fifty day simple moving average of $20.07 and a 200 day simple moving average of $22.
38. 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 has a market cap of $1.
11 billion, a P/E ratio of 18.07, a P/E/G ratio of 0.89 and a beta of 1.
05. MillerKnoll, Inc. has a 12 month low of $15.
87 and a 12 month high of $31.73. MillerKnoll (NASDAQ:MLKN – Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th.
The company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44.
MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%.
The company had revenue of $876.20 million during the quarter, compared to the consensus estimate of $918.88 million.
During the same period in the prior year, the company earned $0.45 earnings per share. The company’s revenue for the quarter was up .
4% compared to the same quarter last year. On average, research analysts expect that MillerKnoll, Inc. will post 2.
12 EPS for the current year. MillerKnoll Dividend AnnouncementThe business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be paid a $0.
1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 4.
56%. The ex-dividend date of this dividend is Friday, February 28th. MillerKnoll’s payout ratio is currently 178.
57%. Analyst Ratings ChangesA number of analysts have recently commented on MLKN shares. Sidoti raised MillerKnoll to a “hold” rating in a research note on Tuesday, March 25th.
StockNews.com downgraded shares of MillerKnoll from a “buy” rating to a “hold” rating in a research note on Saturday, March 29th.Read Our Latest Analysis on MLKNMillerKnoll Profile (Free Report)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.Featured ArticlesFive stocks we like better than MillerKnollHow to Invest in Tech Stocks and Top Tech Stocks to ConsiderRobinhood Strategies Could Be a Game-Changer for Young InvestorsFinancial Services Stocks InvestingAre These 3 Retail Stocks Oversold or Really in Trouble?Dividend Screener: How to Evaluate Dividend Stocks Before BuyingIONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
