EverSource Wealth Advisors LLC Acquires 862 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

EverSource Wealth Advisors LLC lifted its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 254.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,201 shares of the company’s stock after purchasing an additional 862 shares during the period. EverSource Wealth Advisors LLC’s holdings in MillerKnoll were worth $32,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in MLKN. Nomura Asset Management Co. Ltd. grew its stake in shares of MillerKnoll by 100.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,140 shares of the company’s stock valued at $30,000 after buying an additional 570 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in MillerKnoll by 1.3% in the second quarter. SummerHaven Investment Management LLC now owns 44,779 shares of the company’s stock valued at $1,186,000 after purchasing an additional 580 shares during the last quarter. Oliver Luxxe Assets LLC boosted its stake in shares of MillerKnoll by 1.9% during the first quarter. Oliver Luxxe Assets LLC now owns 35,724 shares of the company’s stock valued at $885,000 after purchasing an additional 665 shares during the period. Bridge City Capital LLC grew its holdings in shares of MillerKnoll by 0.8% in the first quarter. Bridge City Capital LLC now owns 91,676 shares of the company’s stock worth $2,270,000 after purchasing an additional 693 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of MillerKnoll by 10.3% in the second quarter. Hsbc Holdings PLC now owns 9,761 shares of the company’s stock worth $256,000 after buying an additional 908 shares during the period. Hedge funds and other institutional investors own 87.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of MillerKnoll from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd.

MillerKnoll Stock Down 1.8 %

NASDAQ MLKN opened at $24.39 on Friday. MillerKnoll, Inc. has a 1 year low of $22.43 and a 1 year high of $31.73. The stock has a market capitalization of $1.75 billion, a PE ratio of 21.97, a PEG ratio of 0.93 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.59 and a quick ratio of 0.93. The business’s 50-day moving average is $28.03 and its 200 day moving average is $27.28.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data on Thursday, September 19th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). The business had revenue of $861.50 million during the quarter, compared to the consensus estimate of $889.38 million. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. MillerKnoll’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 earnings per share. Sell-side analysts forecast that MillerKnoll, Inc. will post 2.17 earnings per share for the current year.

MillerKnoll Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Saturday, August 31st will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.75 annualized dividend and a yield of 3.08%. 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.