Daiwa Securities Group Inc. Invests $40,000 in MillerKnoll, Inc. (NASDAQ:MLKN)

Daiwa Securities Group Inc. acquired a new position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) during the 4th quarter, Holdings Channel.com reports. The fund acquired 1,500 shares of the company’s stock, valued at approximately $40,000.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in MillerKnoll by 1,117.6% in the 4th quarter. International Assets Investment Management LLC now owns 1,449 shares of the company’s stock valued at $39,000 after buying an additional 1,330 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in MillerKnoll in the 3rd quarter valued at $36,000. Signaturefd LLC boosted its stake in MillerKnoll by 52,066.7% in the 3rd quarter. Signaturefd LLC now owns 1,565 shares of the company’s stock valued at $38,000 after buying an additional 1,562 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in MillerKnoll by 101.2% in the third quarter. PNC Financial Services Group Inc. now owns 3,104 shares of the company’s stock worth $76,000 after purchasing an additional 1,561 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in MillerKnoll in the third quarter worth $109,000. Institutional investors and hedge funds own 87.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered MillerKnoll from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 28th.

MillerKnoll Price Performance

MillerKnoll stock opened at $25.73 on Monday. The firm has a market cap of $1.84 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.11 and a beta of 1.29. MillerKnoll, Inc. has a 52 week low of $13.20 and a 52 week high of $31.33. 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 business’s fifty day moving average is $28.06 and its two-hundred day moving average is $26.82.

MillerKnoll (NASDAQ:MLKN) last released its earnings results on Wednesday, March 27th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $872.30 million during the quarter, compared to the consensus estimate of $909.55 million. MillerKnoll had a return on equity of 9.61% and a net margin of 1.96%. The firm’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 earnings per share. Equities research analysts forecast that MillerKnoll, Inc. will post 1.94 earnings per share for the current fiscal year.

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.