Bridgeway Capital Management LLC Reduces Stock Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Bridgeway Capital Management LLC lessened its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 649,522 shares of the company’s stock after selling 31,622 shares during the period. Bridgeway Capital Management LLC’s holdings in MillerKnoll were worth $14,673,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Barclays PLC grew its position in shares of MillerKnoll by 37.7% in the 3rd quarter. Barclays PLC now owns 119,389 shares of the company’s stock worth $2,957,000 after buying an additional 32,686 shares during the last quarter. Franklin Resources Inc. increased its position in MillerKnoll by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 39,928 shares of the company’s stock valued at $973,000 after purchasing an additional 2,128 shares during the period. Principal Financial Group Inc. raised its holdings in MillerKnoll by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 358,529 shares of the company’s stock worth $8,877,000 after purchasing an additional 5,155 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of MillerKnoll by 3.7% in the 4th quarter. Nordea Investment Management AB now owns 178,570 shares of the company’s stock worth $4,057,000 after purchasing an additional 6,433 shares during the period. Finally, Douglas Lane & Associates LLC boosted its stake in shares of MillerKnoll by 5.0% during the 4th quarter. Douglas Lane & Associates LLC now owns 216,843 shares of the company’s stock valued at $4,898,000 after purchasing an additional 10,345 shares in the last quarter. Institutional investors own 87.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on MLKN shares. Sidoti upgraded shares of MillerKnoll to a “hold” rating in a report on Tuesday, March 25th. StockNews.com cut MillerKnoll from a “buy” rating to a “hold” rating in a research note on Saturday, March 29th.

MillerKnoll Stock Performance

Shares of MillerKnoll stock opened at $16.32 on Tuesday. The business has a fifty day simple moving average of $18.09 and a two-hundred day simple moving average of $21.43. The firm has a market capitalization of $1.11 billion, a P/E ratio of 17.93, a P/E/G ratio of 0.89 and a beta of 1.17. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. MillerKnoll, Inc. has a 12 month low of $15.25 and a 12 month high of $31.73.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The business had revenue of $876.20 million for the quarter, compared to analysts’ expectations of $918.88 million. During the same quarter in the prior year, the company earned $0.45 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. On average, equities analysts forecast that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Sunday, June 1st will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend is Friday, May 30th. MillerKnoll’s payout ratio is 178.57%.

About MillerKnoll

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.