MillerKnoll (NASDAQ:MLKN) Upgraded at Sidoti

Sidoti upgraded shares of MillerKnoll (NASDAQ:MLKN) to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

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

MillerKnoll Stock Performance

Shares of MillerKnoll stock opened at $20.30 on Tuesday. MillerKnoll has a 1 year low of $17.83 and a 1 year high of $31.73. The firm’s 50-day moving average is $21.26 and its 200 day moving average is $23.14. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 0.89 and a beta of 1.22. 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 posted its earnings results on Wednesday, March 26th. The company reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. The business had revenue of $876.20 million during the quarter, compared to analyst estimates of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. Sell-side analysts anticipate that MillerKnoll will post 2.12 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Saturday, March 1st will be given a $0.1875 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.75 annualized dividend and a dividend yield of 3.69%. MillerKnoll’s payout ratio is 82.42%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC increased its stake in MillerKnoll by 458.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock worth $33,000 after acquiring an additional 1,201 shares during the last quarter. Avior Wealth Management LLC raised 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 buying an additional 1,448 shares in the last quarter. Studio Investment Management LLC lifted its holdings in shares of MillerKnoll by 29.9% in 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 grew its position in MillerKnoll by 793.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,198 shares of the company’s stock worth $50,000 after acquiring an additional 1,952 shares in the last quarter. Finally, KBC Group NV increased its stake in MillerKnoll by 62.9% during the fourth quarter. KBC Group NV now owns 3,319 shares of the company’s stock worth $75,000 after acquiring an additional 1,281 shares during the last quarter. Institutional investors own 87.50% of the company’s stock.

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.