Yousif Capital Management LLC Cuts Stock Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Yousif Capital Management LLC cut its holdings in MillerKnoll, Inc. (NASDAQ:MLKN) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,515 shares of the company’s stock after selling 622 shares during the quarter. Yousif Capital Management LLC’s holdings in MillerKnoll were worth $599,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MLKN. Forager Capital Management LLC boosted its stake in MillerKnoll by 45.9% during the third quarter. Forager Capital Management LLC now owns 953,841 shares of the company’s stock worth $23,617,000 after buying an additional 300,000 shares during the period. Disciplined Growth Investors Inc. MN boosted its stake in MillerKnoll by 157.4% during the third quarter. Disciplined Growth Investors Inc. MN now owns 852,584 shares of the company’s stock worth $21,110,000 after buying an additional 521,318 shares during the period. Wellington Management Group LLP boosted its stake in MillerKnoll by 1.2% during the third quarter. Wellington Management Group LLP now owns 574,822 shares of the company’s stock worth $14,233,000 after buying an additional 6,576 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in MillerKnoll by 127.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 547,540 shares of the company’s stock worth $13,557,000 after buying an additional 307,210 shares during the period. Finally, Empowered Funds LLC boosted its stake in MillerKnoll by 5.3% during the third quarter. Empowered Funds LLC now owns 359,144 shares of the company’s stock worth $8,892,000 after buying an additional 18,224 shares during the period. 87.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

MillerKnoll Stock Performance

MLKN stock opened at $22.73 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. The business has a 50-day moving average price of $22.64 and a 200 day moving average price of $24.74. The company has a market capitalization of $1.55 billion, a P/E ratio of 24.98, a PEG ratio of 0.86 and a beta of 1.22. MillerKnoll, Inc. has a 1-year low of $20.89 and a 1-year 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 for the quarter, beating the consensus estimate of $0.54 by $0.01. The firm had revenue of $970.40 million during the quarter, compared to the consensus estimate of $959.60 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. As a group, equities research analysts forecast that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.75 dividend on an annualized basis and a yield of 3.30%. MillerKnoll’s dividend payout ratio is presently 82.42%.

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.