Bailard Inc. Acquires Shares of 7,600 MillerKnoll, Inc. (NASDAQ:MLKN)

Bailard Inc. bought a new position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 7,600 shares of the company’s stock, valued at approximately $203,000.

Several other large investors have also recently bought and sold shares of MLKN. Vanguard Group Inc. increased its holdings in shares of MillerKnoll by 0.5% in the third quarter. Vanguard Group Inc. now owns 8,971,907 shares of the company’s stock worth $219,363,000 after acquiring an additional 48,165 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in MillerKnoll by 9.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,274,929 shares of the company’s stock valued at $31,172,000 after purchasing an additional 110,470 shares in the last quarter. LSV Asset Management increased its position in shares of MillerKnoll by 141.1% during the 3rd quarter. LSV Asset Management now owns 1,040,300 shares of the company’s stock worth $25,435,000 after purchasing an additional 608,810 shares during the last quarter. Northern Trust Corp raised its stake in shares of MillerKnoll by 3.1% during the 3rd quarter. Northern Trust Corp now owns 848,549 shares of the company’s stock worth $20,747,000 after purchasing an additional 25,270 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of MillerKnoll by 21.7% in the 3rd quarter. Victory Capital Management Inc. now owns 425,974 shares of the company’s stock valued at $10,415,000 after buying an additional 75,920 shares during the last quarter. Institutional investors own 87.50% of the company’s stock.

MillerKnoll Price Performance

Shares of NASDAQ MLKN opened at $26.19 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.59 and a debt-to-equity ratio of 0.93. MillerKnoll, Inc. has a twelve month low of $13.20 and a twelve month high of $31.33. The business’s 50 day moving average price is $27.98 and its two-hundred day moving average price is $26.83. The company has a market cap of $1.88 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 1.11 and a beta of 1.29.

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

Analyst Ratings Changes

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

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.