MillerKnoll (NASDAQ:MLKN) Upgraded at Sidoti

Sidoti upgraded shares of MillerKnoll (NASDAQ:MLKN) to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Separately, StockNews.com raised shares of MillerKnoll from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

MillerKnoll Price Performance

MillerKnoll stock opened at $20.30 on Tuesday. The firm has a market cap of $1.38 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. The stock’s fifty day moving average price is $21.26 and its two-hundred day moving average price is $23.14. MillerKnoll has a one year low of $17.83 and a one year high of $31.73. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99.

MillerKnoll (NASDAQ:MLKN) last issued its earnings results on Wednesday, March 26th. The company reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. The firm had revenue of $876.20 million during the quarter, compared to the consensus estimate of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. As a group, research analysts expect that MillerKnoll will post 2.12 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Friday, February 28th. MillerKnoll’s payout ratio is 82.42%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of MillerKnoll by 458.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock worth $33,000 after acquiring an additional 1,201 shares in the last quarter. Avior Wealth Management LLC grew its holdings in shares of MillerKnoll by 228.8% during the fourth quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock worth $47,000 after purchasing an additional 1,448 shares in the last quarter. Studio Investment Management LLC grew its stake in MillerKnoll by 29.9% in the 4th quarter. Studio Investment Management LLC now owns 2,149 shares of the company’s stock worth $49,000 after buying an additional 495 shares in the last quarter. Sterling Capital Management LLC increased its stake in MillerKnoll by 793.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,198 shares of the company’s stock valued at $50,000 after acquiring an additional 1,952 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of MillerKnoll by 62.9% in the 4th quarter. KBC Group NV now owns 3,319 shares of the company’s stock worth $75,000 after purchasing an additional 1,281 shares in the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

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.