MillerKnoll (NASDAQ:MLKN) Sets New 1-Year Low – What’s Next?

MillerKnoll, Inc. (NASDAQ:MLKN) reached a new 52-week low during trading on Monday . The company traded as low as $18.28 and last traded at $18.94, with a volume of 1782119 shares. The stock had previously closed at $18.96.

Analyst Ratings Changes

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

MillerKnoll Trading Down 0.2 %

The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60. The stock has a fifty day moving average of $21.46 and a 200 day moving average of $23.31. The company has a market capitalization of $1.29 billion, a PE ratio of 20.80, a PEG ratio of 0.89 and a beta of 1.22.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Friday, February 28th. MillerKnoll’s payout ratio is 82.42%.

Institutional Trading of MillerKnoll

A number of large investors have recently added to or reduced their stakes in MLKN. 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 increased its stake in MillerKnoll by 228.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock worth $47,000 after acquiring an additional 1,448 shares during the last quarter. Studio Investment Management LLC increased its stake in MillerKnoll by 29.9% in the 4th quarter. Studio Investment Management LLC now owns 2,149 shares of the company’s stock worth $49,000 after acquiring an additional 495 shares during the last quarter. Sterling Capital Management LLC increased 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 purchasing an additional 1,952 shares during the last quarter. Finally, KBC Group NV increased 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 purchasing an additional 1,281 shares during the last quarter. 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.