Bridge City Capital LLC Has $2.40 Million Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Bridge City Capital LLC lowered its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,122 shares of the company’s stock after selling 1,130 shares during the quarter. Bridge City Capital LLC owned approximately 0.16% of MillerKnoll worth $2,397,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. FMR LLC increased its holdings in MillerKnoll by 939.8% in the third quarter. FMR LLC now owns 38,784 shares of the company’s stock worth $960,000 after purchasing an additional 35,054 shares in the last quarter. Jane Street Group LLC increased its position in shares of MillerKnoll by 56.6% during the 3rd quarter. Jane Street Group LLC now owns 90,960 shares of the company’s stock valued at $2,252,000 after purchasing an additional 32,861 shares during the last quarter. Forager Capital Management LLC grew its holdings in MillerKnoll by 45.9% during the third quarter. Forager Capital Management LLC now owns 953,841 shares of the company’s stock valued at $23,617,000 after purchasing an additional 300,000 shares during the period. Smartleaf Asset Management LLC raised its position in shares of MillerKnoll by 458.4% in the fourth 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. Finally, Empowered Funds LLC boosted its stake in MillerKnoll by 5.1% in the 4th quarter. Empowered Funds LLC now owns 377,522 shares of the company’s stock worth $8,528,000 after purchasing an additional 18,378 shares during the period. 87.50% of the stock is owned by institutional investors and hedge funds.

MillerKnoll Stock Performance

MillerKnoll stock opened at $18.49 on Friday. The stock’s 50 day simple moving average is $21.46 and its two-hundred day simple moving average is $23.35. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 0.89 and a beta of 1.22. MillerKnoll, Inc. has a fifty-two week low of $18.28 and a fifty-two week high of $31.73.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The company had revenue of $970.40 million for the quarter, compared to the consensus estimate of $959.60 million. During the same period in the prior year, the firm posted $0.59 EPS. MillerKnoll’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, analysts expect that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be given a $0.1875 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.75 annualized dividend and a yield of 4.06%. MillerKnoll’s payout ratio is 82.42%.

Analyst Upgrades and Downgrades

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

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.