DekaBank Deutsche Girozentrale Has $61,000 Stock Position in MillerKnoll, Inc. (NASDAQ:MLKN)

DekaBank Deutsche Girozentrale decreased its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 49.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,324 shares of the company’s stock after selling 2,316 shares during the period. DekaBank Deutsche Girozentrale’s holdings in MillerKnoll were worth $61,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. raised its position in shares of MillerKnoll by 100.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,140 shares of the company’s stock worth $30,000 after acquiring an additional 570 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of MillerKnoll during the 2nd quarter worth approximately $30,000. Quadrant Capital Group LLC increased its stake in shares of MillerKnoll by 46.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,537 shares of the company’s stock valued at $41,000 after acquiring an additional 488 shares in the last quarter. EntryPoint Capital LLC boosted its stake in MillerKnoll by 566.9% during the first quarter. EntryPoint Capital LLC now owns 2,661 shares of the company’s stock worth $66,000 after acquiring an additional 2,262 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in MillerKnoll in the second quarter worth $85,000. Institutional investors own 87.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded MillerKnoll from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 3rd.

MillerKnoll Stock Performance

NASDAQ MLKN opened at $23.50 on Friday. The company has a market cap of $1.68 billion, a P/E ratio of 21.17, a PEG ratio of 0.99 and a beta of 1.18. The company has a fifty day simple moving average of $28.45 and a 200 day simple moving average of $27.45. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.93. MillerKnoll, Inc. has a 12-month low of $19.10 and a 12-month high of $31.73.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data on Thursday, September 19th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). MillerKnoll had a net margin of 2.27% and a return on equity of 10.94%. The business had revenue of $861.50 million for the quarter, compared to analyst estimates of $889.38 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. Sell-side analysts predict that MillerKnoll, Inc. will post 2.21 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Saturday, August 31st will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Friday, August 30th. MillerKnoll’s dividend payout ratio (DPR) is presently 67.57%.

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.