Lazard Asset Management LLC Sells 3,202 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Lazard Asset Management LLC lowered its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 44.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,992 shares of the company’s stock after selling 3,202 shares during the quarter. Lazard Asset Management LLC’s holdings in MillerKnoll were worth $89,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of MillerKnoll by 458.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock worth $33,000 after purchasing an additional 1,201 shares in the last quarter. Amundi raised its stake in shares of MillerKnoll by 207.3% in the 4th quarter. Amundi now owns 40,433 shares of the company’s stock valued at $884,000 after buying an additional 27,276 shares in the last quarter. Barclays PLC lifted its holdings in shares of MillerKnoll by 37.7% during the 3rd quarter. Barclays PLC now owns 119,389 shares of the company’s stock worth $2,957,000 after acquiring an additional 32,686 shares during the period. Empowered Funds LLC boosted its holdings in MillerKnoll by 5.1% during the fourth quarter. Empowered Funds LLC now owns 377,522 shares of the company’s stock valued at $8,528,000 after purchasing an additional 18,378 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of MillerKnoll by 17.4% during the 4th quarter. Victory Capital Management Inc. now owns 275,948 shares of the company’s stock worth $6,234,000 after buying an additional 40,928 shares during the period. Institutional investors own 87.50% of the company’s stock.

MillerKnoll Trading Down 1.6%

MLKN opened at $16.29 on Monday. The firm has a 50 day simple moving average of $17.19 and a 200 day simple moving average of $20.79. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. MillerKnoll, Inc. has a fifty-two week low of $15.25 and a fifty-two week high of $31.73.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings results on Wednesday, March 26th. The company reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The company had revenue of $876.20 million for the quarter, compared to analyst estimates of $918.88 million. During the same quarter last year, the firm posted $0.45 earnings per share. MillerKnoll’s revenue was up .4% compared to the same quarter last year. On average, sell-side analysts anticipate that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Sunday, June 1st will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend is Friday, May 30th. MillerKnoll’s payout ratio is 178.57%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wall Street Zen upgraded MillerKnoll from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Sidoti raised MillerKnoll to a “hold” rating in a research note on Tuesday, March 25th.

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.