Advisors Asset Management Inc. Sells 118,828 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Advisors Asset Management Inc. lessened its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 31.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 264,562 shares of the company’s stock after selling 118,828 shares during the period. Advisors Asset Management Inc. owned approximately 0.37% of MillerKnoll worth $6,551,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of MillerKnoll by 2.6% in the first quarter. Vanguard Group Inc. now owns 8,987,024 shares of the company’s stock valued at $222,519,000 after buying an additional 226,792 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of MillerKnoll by 29.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,619,581 shares of the company’s stock valued at $69,891,000 after buying an additional 593,447 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of MillerKnoll by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,290,336 shares of the company’s stock valued at $34,426,000 after buying an additional 15,407 shares in the last quarter. LSV Asset Management raised its position in shares of MillerKnoll by 0.7% in the first quarter. LSV Asset Management now owns 1,059,546 shares of the company’s stock valued at $26,234,000 after buying an additional 6,846 shares in the last quarter. Finally, Hennessy Advisors Inc. raised its position in shares of MillerKnoll by 14.1% in the first quarter. Hennessy Advisors Inc. now owns 998,300 shares of the company’s stock valued at $24,718,000 after buying an additional 123,400 shares in the last quarter. Institutional investors own 87.50% of the company’s stock.

Analysts Set New Price Targets

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

MillerKnoll Price Performance

MLKN traded up $0.16 during trading on Friday, hitting $29.85. 378,058 shares of the stock traded hands, compared to its average volume of 665,228. MillerKnoll, Inc. has a twelve month low of $16.50 and a twelve month high of $31.33. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 1.07 and a beta of 1.19. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.54 and a quick ratio of 0.92. The business has a 50 day moving average price of $26.79 and a 200 day moving average price of $27.26.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings data on Wednesday, June 26th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.54 by $0.13. The business had revenue of $888.90 million during the quarter, compared to the consensus estimate of $898.65 million. MillerKnoll had a net margin of 2.27% and a return on equity of 10.94%. The company’s revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 earnings per share. Equities research analysts forecast that MillerKnoll, Inc. will post 2.21 earnings per share for the current fiscal year.

MillerKnoll 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.