Victory Capital Management Inc. Has $5.82 Million Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Victory Capital Management Inc. trimmed its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 235,020 shares of the company’s stock after selling 5,838 shares during the quarter. Victory Capital Management Inc. owned 0.34% of MillerKnoll worth $5,819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Mather Group LLC. bought a new position in shares of MillerKnoll during the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC lifted its holdings in shares of MillerKnoll by 254.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,201 shares of the company’s stock valued at $32,000 after acquiring an additional 862 shares during the period. GAMMA Investing LLC lifted its holdings in shares of MillerKnoll by 35.0% during the third quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock valued at $41,000 after acquiring an additional 426 shares during the period. EntryPoint Capital LLC boosted its stake in shares of MillerKnoll by 566.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,661 shares of the company’s stock valued at $66,000 after purchasing an additional 2,262 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in shares of MillerKnoll in the 2nd quarter worth about $85,000. 87.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of MillerKnoll from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th.

MillerKnoll Price Performance

NASDAQ:MLKN opened at $24.53 on Friday. The firm has a market cap of $1.70 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 0.90 and a beta of 1.18. MillerKnoll, Inc. has a 12 month low of $22.35 and a 12 month high of $31.73. The company has a quick ratio of 0.93, a current ratio of 1.59 and a debt-to-equity ratio of 0.99. The company’s 50-day moving average price is $24.40 and its two-hundred day moving average price is $26.45.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings results on Thursday, September 19th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). The firm had revenue of $861.50 million during the quarter, compared to analyst estimates of $889.38 million. MillerKnoll had a net margin of 1.80% and a return on equity of 10.93%. MillerKnoll’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 earnings per share. On average, equities analysts anticipate that MillerKnoll, Inc. will post 2.17 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Saturday, November 30th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Friday, November 29th. MillerKnoll’s dividend payout ratio is presently 86.21%.

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.