MillerKnoll (NASDAQ:MLKN) Hits New 12-Month Low – Time to Sell?

MillerKnoll, Inc. (NASDAQ:MLKN)’s stock price hit a new 52-week low on Monday . The stock traded as low as $18.35 and last traded at $19.03, with a volume of 399 shares trading hands. The stock had previously closed at $19.13.

Wall Street Analyst Weigh In

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

MillerKnoll Trading Up 0.3 %

The stock has a market capitalization of $1.31 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. The firm has a 50-day moving average price of $21.75 and a 200-day moving average price of $23.66. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02.

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

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Saturday, March 1st will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Friday, February 28th. MillerKnoll’s dividend payout ratio (DPR) is currently 82.42%.

Institutional Investors Weigh In On MillerKnoll

Large investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted 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 valued at $33,000 after acquiring an additional 1,201 shares during the last quarter. Avior Wealth Management LLC boosted 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 valued at $47,000 after acquiring an additional 1,448 shares during the last quarter. Studio Investment Management LLC boosted its position in shares of 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 during the last quarter. Sterling Capital Management LLC boosted its position in shares of 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 during the last quarter. Finally, KBC Group NV boosted 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 valued at $75,000 after acquiring an additional 1,281 shares during the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

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.