MillerKnoll, Inc. (NASDAQ:MLKN) Shares Bought by Axa S.A.

Axa S.A. grew its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 71.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 200,269 shares of the company’s stock after purchasing an additional 83,427 shares during the period. Axa S.A.’s holdings in MillerKnoll were worth $4,524,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Smartleaf Asset Management LLC lifted its holdings in shares of MillerKnoll by 458.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock valued at $33,000 after buying an additional 1,201 shares during the period. Avior Wealth Management LLC lifted its holdings in MillerKnoll by 228.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock valued at $47,000 after acquiring an additional 1,448 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of MillerKnoll by 793.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,198 shares of the company’s stock valued at $50,000 after purchasing an additional 1,952 shares in the last quarter. KBC Group NV grew its stake 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 during the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in shares of MillerKnoll in the 4th quarter worth approximately $221,000. 87.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MLKN has been the subject of a number of research reports. StockNews.com cut shares of MillerKnoll from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. Sidoti upgraded MillerKnoll to a “hold” rating in a report on Tuesday, March 25th.

MillerKnoll Price Performance

Shares of MLKN opened at $16.02 on Thursday. MillerKnoll, Inc. has a fifty-two week low of $15.25 and a fifty-two week 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. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 0.89 and a beta of 1.17. The business’s 50-day moving average is $17.87 and its 200-day moving average is $21.36.

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

MillerKnoll Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Sunday, June 1st will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 4.68%. The ex-dividend date is Friday, May 30th. MillerKnoll’s payout ratio is 178.57%.

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.