MillerKnoll (NASDAQ:MLKN) Sets New 52-Week Low at $23.00

MillerKnoll, Inc. (NASDAQ:MLKNGet Rating)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $23.00 and last traded at $23.01, with a volume of 1655 shares. The stock had previously closed at $23.97.

Analyst Ratings Changes

Separately, Craig Hallum cut their price objective on shares of MillerKnoll from $60.00 to $50.00 in a research note on Thursday, June 30th.

MillerKnoll Trading Down 2.1 %

The company has a debt-to-equity ratio of 0.97, a current ratio of 1.50 and a quick ratio of 0.83. The firm has a market capitalization of $1.67 billion, a PE ratio of -40.93 and a beta of 1.22. The company’s fifty day simple moving average is $28.69 and its 200-day simple moving average is $30.07.

MillerKnoll (NASDAQ:MLKNGet Rating) last posted its quarterly earnings data on Wednesday, June 29th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.09. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. MillerKnoll had a negative net margin of 0.78% and a positive return on equity of 9.50%. The company’s revenue was up 77.1% compared to the same quarter last year. During the same period last year, the firm posted $0.56 earnings per share.

MillerKnoll Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Saturday, September 3rd will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, September 1st. MillerKnoll’s dividend payout ratio is currently -138.89%.

Hedge Funds Weigh In On MillerKnoll

Hedge funds and other institutional investors have recently modified their holdings of the business. Rice Hall James & Associates LLC purchased a new position in shares of MillerKnoll in the first quarter worth about $250,000. Twin Lakes Capital Management LLC acquired a new position in MillerKnoll in the 1st quarter valued at about $3,196,000. Divisadero Street Capital Management LP purchased a new stake in shares of MillerKnoll in the 1st quarter valued at approximately $5,702,000. Green Alpha Advisors LLC purchased a new stake in shares of MillerKnoll during the 2nd quarter valued at approximately $1,696,000. Finally, Psagot Value Holdings Ltd. Israel acquired a new position in MillerKnoll in the first quarter valued at approximately $589,000. 92.42% of the stock is owned by hedge funds and other institutional investors.

MillerKnoll Company Profile

(Get Rating)

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. The company operates in four segments: Americas Contract, International Contract, Global Retail, and Knoll. It offers office furniture products under the Aeron, Mirra, Sayl, Embody, Layout Studio, Imagine Desking System, Ratio, Cosm, Tone, and Generation by Knoll names; and other seating and storage products and ergonomic accessories under the About A Chair, Palissade, Eero Saarinen designs, Barcelona, and the Flo monitor arm names.

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