Victory Capital Management Inc. Acquires New Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Victory Capital Management Inc. acquired a new stake in shares of MillerKnoll, Inc. (NASDAQ:MLKNGet Rating) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 16,942 shares of the company’s stock, valued at approximately $445,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE purchased a new position in MillerKnoll during the first quarter valued at approximately $36,000. Captrust Financial Advisors purchased a new position in MillerKnoll during the first quarter valued at approximately $41,000. Point72 Hong Kong Ltd purchased a new position in MillerKnoll during the first quarter valued at approximately $58,000. National Bank of Canada FI purchased a new position in MillerKnoll during the second quarter valued at approximately $57,000. Finally, Investors Research Corp purchased a new position in MillerKnoll during the second quarter valued at approximately $73,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

MillerKnoll Price Performance

NASDAQ MLKN opened at $21.48 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.72 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $1.62 billion, a PE ratio of 29.43 and a beta of 1.53. The company has a 50 day moving average price of $21.01 and a two-hundred day moving average price of $26.51. MillerKnoll, Inc. has a 12-month low of $15.54 and a 12-month high of $42.84.

MillerKnoll (NASDAQ:MLKNGet Rating) last issued its quarterly earnings data on Wednesday, September 28th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.11. MillerKnoll had a net margin of 1.33% and a return on equity of 9.72%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the company earned $0.49 earnings per share. MillerKnoll’s revenue for the quarter was up 36.6% on a year-over-year basis.

Insider Transactions at MillerKnoll

In related news, CEO Andrea Owen bought 60,606 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The stock was purchased at an average cost of $16.88 per share, for a total transaction of $1,023,029.28. Following the purchase, the chief executive officer now directly owns 100,468 shares in the company, valued at $1,695,899.84. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.81% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum cut shares of MillerKnoll from a “buy” rating to a “hold” rating and reduced their target price for the company from $50.00 to $20.00 in a research note on Thursday, September 29th.

MillerKnoll Company Profile

(Get Rating)

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. The company operates in four segments: Americas Contract, International Contract, Global Retail, and Knoll. It offers office furniture products under the Aeron, Mirra, Sayl, Embody, Layout Studio, Imagine Desking System, Ratio, Cosm, Tone, and Generation by Knoll names; and other seating and storage products and ergonomic accessories under the About A Chair, Palissade, Eero Saarinen designs, Barcelona, and the Flo monitor arm names.

Read More

Institutional Ownership by Quarter for MillerKnoll (NASDAQ:MLKN)

Receive News & Ratings for MillerKnoll Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MillerKnoll and related companies with MarketBeat.com's FREE daily email newsletter.