MillerKnoll, Inc. (NASDAQ:MLKN) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 3.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,562 shares of the company’s stock after selling 953 shares during the quarter. Yousif Capital Management LLC’s holdings in MillerKnoll were worth $489,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in MillerKnoll by 458.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock valued at $33,000 after purchasing an additional 1,201 shares during the period. Studio Investment Management LLC raised its stake in MillerKnoll by 29.9% during the 4th quarter. Studio Investment Management LLC now owns 2,149 shares of the company’s stock valued at $49,000 after acquiring an additional 495 shares in the last quarter. Sterling Capital Management LLC raised its stake in MillerKnoll by 793.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,198 shares of the company’s stock valued at $50,000 after acquiring an additional 1,952 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in MillerKnoll during the 4th quarter valued at $221,000. Finally, Cetera Investment Advisers bought a new stake in MillerKnoll during the 4th quarter valued at $237,000. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll Stock Performance

Shares of MLKN stock opened at $16.91 on Friday. MillerKnoll, Inc. has a 1-year low of $15.25 and a 1-year high of $31.73. The company has a current ratio of 1.67, a quick ratio of 1.05 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 40.26, a P/E/G ratio of 0.74 and a beta of 1.17. The stock’s fifty day simple moving average is $16.76 and its 200-day simple moving average is $19.80.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. MillerKnoll had a return on equity of 10.79% and a net margin of 0.84%. The company had revenue of $876.20 million during the quarter, compared to the consensus estimate of $918.88 million. During the same quarter in the prior year, the company posted $0.45 EPS. The firm’s revenue was up .4% on a year-over-year basis. On average, sell-side analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Sunday, June 1st will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend is Friday, May 30th. MillerKnoll’s dividend payout ratio is 178.57%.

Analysts Set New Price Targets

MLKN has been the topic of a number of research reports. Sidoti raised MillerKnoll to a “hold” rating in a research note on Tuesday, March 25th. Wall Street Zen raised MillerKnoll from a “hold” rating to a “buy” rating in a research note on Monday, May 12th.

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.