18,169 Shares in MillerKnoll, Inc. (NASDAQ:MLKN) Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new stake in MillerKnoll, Inc. (NASDAQ:MLKN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,169 shares of the company’s stock, valued at approximately $485,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MLKN. Raymond James & Associates purchased a new position in MillerKnoll in the 1st quarter worth about $3,686,000. American Century Companies Inc. purchased a new position in MillerKnoll in the 1st quarter worth about $1,005,000. US Bancorp DE purchased a new position in MillerKnoll in the 1st quarter worth about $36,000. HighTower Advisors LLC bought a new position in MillerKnoll during the 1st quarter worth about $570,000. Finally, Citigroup Inc. bought a new position in MillerKnoll during the 1st quarter worth about $315,000. Hedge funds and other institutional investors own 87.50% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of MillerKnoll from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 28th.

MillerKnoll Stock Down 1.9 %

NASDAQ:MLKN opened at $24.56 on Wednesday. MillerKnoll, Inc. has a fifty-two week low of $13.20 and a fifty-two week high of $31.33. The stock has a market capitalization of $1.76 billion, a P/E ratio of 25.32, a P/E/G ratio of 1.12 and a beta of 1.29. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.59. The company’s 50-day simple moving average is $28.60 and its 200-day simple moving average is $26.76.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings results on Wednesday, March 27th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. MillerKnoll had a net margin of 1.96% and a return on equity of 9.61%. The business had revenue of $872.30 million for the quarter, compared to analysts’ expectations of $909.55 million. During the same period last year, the business earned $0.54 EPS. The company’s revenue was down 11.4% compared to the same quarter last year. On average, equities analysts anticipate that MillerKnoll, Inc. will post 1.94 earnings per share for the current fiscal year.

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.