Barclays PLC Has $2.96 Million Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Barclays PLC grew its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 37.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 119,389 shares of the company’s stock after buying an additional 32,686 shares during the period. Barclays PLC owned 0.17% of MillerKnoll worth $2,957,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. raised its stake in MillerKnoll by 15.3% during the second quarter. Pacer Advisors Inc. now owns 4,015,462 shares of the company’s stock worth $106,370,000 after buying an additional 532,427 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of MillerKnoll by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,392,354 shares of the company’s stock worth $89,864,000 after acquiring an additional 377,121 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of MillerKnoll by 127.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 547,540 shares of the company’s stock valued at $13,557,000 after purchasing an additional 307,210 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in shares of MillerKnoll during the 2nd quarter valued at about $1,901,000. Finally, Intech Investment Management LLC boosted its position in shares of MillerKnoll by 289.0% during the 3rd quarter. Intech Investment Management LLC now owns 62,473 shares of the company’s stock valued at $1,547,000 after purchasing an additional 46,413 shares in the last quarter. 87.50% of the stock is currently owned by institutional investors.

MillerKnoll Stock Down 0.2 %

MillerKnoll stock opened at $22.03 on Wednesday. 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 has a market capitalization of $1.52 billion, a PE ratio of 25.32, a PEG ratio of 0.96 and a beta of 1.20. The firm’s fifty day moving average is $24.34 and its 200 day moving average is $26.08. MillerKnoll, Inc. has a 12-month low of $20.89 and a 12-month high of $31.73.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings data on Wednesday, December 18th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. MillerKnoll had a net margin of 1.80% and a return on equity of 10.93%. The company had revenue of $970.40 million for the quarter, compared to analysts’ expectations of $959.60 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The business’s revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts predict that MillerKnoll, Inc. will post 2.17 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Saturday, November 30th will be issued a dividend of $0.1875 per share. The ex-dividend date is Friday, November 29th. This represents a $0.75 annualized dividend and a dividend yield of 3.40%. MillerKnoll’s dividend payout ratio is 82.42%.

Analysts Set New Price Targets

Separately, StockNews.com raised MillerKnoll from a “hold” rating to a “buy” rating in a research note on Friday, December 20th.

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.