Headlands Technologies LLC Buys 6,426 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Headlands Technologies LLC grew its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 816.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,213 shares of the company’s stock after purchasing an additional 6,426 shares during the period. Headlands Technologies LLC’s holdings in MillerKnoll were worth $138,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Studio Investment Management LLC boosted its holdings in MillerKnoll by 29.9% in the fourth quarter. Studio Investment Management LLC now owns 2,149 shares of the company’s stock worth $49,000 after acquiring an additional 495 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of MillerKnoll by 793.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,198 shares of the company’s stock worth $50,000 after purchasing an additional 1,952 shares during the period. Allianz Asset Management GmbH bought a new position in shares of MillerKnoll in the 1st quarter worth $201,000. Dark Forest Capital Management LP bought a new position in shares of MillerKnoll in the 4th quarter worth $221,000. Finally, Cetera Investment Advisers acquired a new stake in MillerKnoll in the 4th quarter valued at $237,000. Institutional investors own 87.50% of the company’s stock.

MillerKnoll Stock Performance

Shares of MillerKnoll stock opened at $20.05 on Tuesday. MillerKnoll, Inc. has a 52 week low of $15.25 and a 52 week high of $30.56. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 1.03. The business has a 50 day moving average price of $19.07 and a 200-day moving average price of $18.96. The company has a market cap of $1.36 billion, a PE ratio of -35.80, a price-to-earnings-growth ratio of 0.92 and a beta of 1.22.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings results on Wednesday, June 25th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.16. MillerKnoll had a positive return on equity of 10.44% and a negative net margin of 1.01%. The business had revenue of $961.80 million during the quarter, compared to analyst estimates of $913.80 million. During the same period in the prior year, the firm posted $0.67 EPS. MillerKnoll’s quarterly revenue was up 8.2% compared to the same quarter last year. Equities analysts anticipate that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Sunday, August 31st will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, August 29th. MillerKnoll’s payout ratio is presently -133.93%.

Analysts Set New Price Targets

MLKN has been the topic of several research reports. Wall Street Zen upgraded shares of MillerKnoll from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Benchmark upgraded shares of MillerKnoll to a “hold” rating in a report on Friday, June 27th.

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.