Landscape Capital Management L.L.C. Sells 42,760 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Landscape Capital Management L.L.C. cut its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 30.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,906 shares of the company’s stock after selling 42,760 shares during the period. Landscape Capital Management L.L.C. owned about 0.14% of MillerKnoll worth $2,167,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in shares of MillerKnoll by 458.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock valued at $33,000 after purchasing an additional 1,201 shares in the last quarter. KBC Group NV boosted its stake in shares of MillerKnoll by 62.9% in the 4th quarter. KBC Group NV now owns 3,319 shares of the company’s stock worth $75,000 after buying an additional 1,281 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of MillerKnoll by 228.8% in the fourth quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock valued at $47,000 after acquiring an additional 1,448 shares in the last quarter. Sei Investments Co. increased its position in shares of MillerKnoll by 12.7% during the fourth quarter. Sei Investments Co. now owns 16,002 shares of the company’s stock valued at $361,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in MillerKnoll by 5.6% during the third quarter. Franklin Resources Inc. now owns 39,928 shares of the company’s stock worth $973,000 after acquiring an additional 2,128 shares during the period. 87.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. StockNews.com lowered MillerKnoll from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. Sidoti raised shares of MillerKnoll to a “hold” rating in a research report on Tuesday, March 25th.

MillerKnoll Price Performance

MillerKnoll stock opened at $17.38 on Friday. The business’s 50 day simple moving average is $20.85 and its 200 day simple moving average is $22.81. MillerKnoll, Inc. has a 12 month low of $16.24 and a 12 month high of $31.73. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 0.89 and a beta of 1.22. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The company had revenue of $876.20 million during the quarter, compared to the consensus estimate of $918.88 million. During the same quarter in the prior year, the company earned $0.45 EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. Sell-side analysts forecast that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Saturday, March 1st will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Friday, February 28th. MillerKnoll’s payout ratio is currently 178.57%.

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.