Arizona State Retirement System Trims Stock Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Arizona State Retirement System lessened its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,051 shares of the company’s stock after selling 577 shares during the quarter. Arizona State Retirement System’s holdings in MillerKnoll were worth $453,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its position 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 buying an additional 1,201 shares during the last quarter. Avior Wealth Management LLC lifted its position in shares of MillerKnoll by 228.8% during the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock worth $47,000 after buying an additional 1,448 shares during the last quarter. KBC Group NV lifted its position in shares of MillerKnoll by 62.9% during the 4th quarter. KBC Group NV now owns 3,319 shares of the company’s stock worth $75,000 after buying an additional 1,281 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of MillerKnoll during the 3rd quarter worth approximately $84,000. Finally, Verition Fund Management LLC purchased a new stake in shares of MillerKnoll during the 3rd quarter worth approximately $210,000. Hedge funds and other institutional investors own 87.50% of the company’s stock.

MillerKnoll Stock Performance

Shares of MillerKnoll stock opened at $19.13 on Friday. The firm’s fifty day simple moving average is $21.75 and its 200-day simple moving average is $23.75. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 0.89 and a beta of 1.22. MillerKnoll, Inc. has a 12 month low of $18.89 and a 12 month high of $31.73. 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 (NASDAQ:MLKN) last announced its earnings results on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $970.40 million for the quarter, compared to analysts’ expectations of $959.60 million. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. As a group, equities analysts forecast that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.75 annualized dividend and a yield of 3.92%. MillerKnoll’s dividend payout ratio is currently 82.42%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of MillerKnoll from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th.

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.