Oliver Luxxe Assets LLC Has $885,000 Stock Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Oliver Luxxe Assets LLC boosted its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 1.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 35,724 shares of the company’s stock after buying an additional 665 shares during the period. Oliver Luxxe Assets LLC’s holdings in MillerKnoll were worth $885,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Panagora Asset Management Inc. acquired a new position in shares of MillerKnoll during the 4th quarter worth approximately $4,867,000. BNP Paribas Financial Markets grew its position in shares of MillerKnoll by 163.2% during the 4th quarter. BNP Paribas Financial Markets now owns 131,233 shares of the company’s stock worth $3,501,000 after purchasing an additional 81,381 shares in the last quarter. Hennessy Advisors Inc. grew its position in shares of MillerKnoll by 14.1% during the 1st quarter. Hennessy Advisors Inc. now owns 998,300 shares of the company’s stock worth $24,718,000 after purchasing an additional 123,400 shares in the last quarter. Vanguard Group Inc. grew its position in shares of MillerKnoll by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,971,907 shares of the company’s stock worth $219,363,000 after purchasing an additional 48,165 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of MillerKnoll by 359.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 79,781 shares of the company’s stock worth $2,129,000 after purchasing an additional 62,403 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll Stock Performance

NASDAQ MLKN opened at $26.46 on Tuesday. The company has a current ratio of 1.54, a quick ratio of 0.92 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 1.00 and a beta of 1.19. The firm’s 50 day simple moving average is $26.42 and its 200 day simple moving average is $27.24. MillerKnoll, Inc. has a 1 year low of $14.50 and a 1 year high of $31.33.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings results on Wednesday, June 26th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.13. The business had revenue of $888.90 million for the quarter, compared to analyst estimates of $898.65 million. MillerKnoll had a net margin of 2.27% and a return on equity of 10.94%. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. As a group, research analysts expect that MillerKnoll, Inc. will post 2.21 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Saturday, June 1st will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.75 annualized dividend and a dividend yield of 2.83%. MillerKnoll’s dividend payout ratio is 67.57%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of MillerKnoll from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th.

About MillerKnoll

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.