Sequoia Financial Advisors LLC Invests $485,000 in MillerKnoll, Inc. (NASDAQ:MLKN)

Sequoia Financial Advisors LLC bought a new stake in MillerKnoll, Inc. (NASDAQ:MLKN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 18,169 shares of the company’s stock, valued at approximately $485,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in MillerKnoll in the third quarter valued at $36,000. US Bancorp DE bought a new stake in MillerKnoll in the first quarter valued at $36,000. Signaturefd LLC increased its stake in MillerKnoll by 52,066.7% in the third quarter. Signaturefd LLC now owns 1,565 shares of the company’s stock valued at $38,000 after purchasing an additional 1,562 shares in the last quarter. International Assets Investment Management LLC increased its stake in MillerKnoll by 1,117.6% in the fourth quarter. International Assets Investment Management LLC now owns 1,449 shares of the company’s stock valued at $39,000 after purchasing an additional 1,330 shares in the last quarter. Finally, Quarry LP bought a new stake in MillerKnoll in the second quarter valued at $39,000. Institutional investors and hedge funds own 87.50% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of MillerKnoll from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 28th.

MillerKnoll Trading Down 1.9 %

NASDAQ:MLKN opened at $24.56 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.59 and a quick ratio of 0.95. The firm has a 50-day moving average of $28.60 and a 200-day moving average of $26.76. The company has a market cap of $1.76 billion, a PE ratio of 25.32, a PEG ratio of 1.12 and a beta of 1.29. MillerKnoll, Inc. has a one year low of $13.20 and a one year high of $31.33.

MillerKnoll (NASDAQ:MLKN) last posted its earnings results on Wednesday, March 27th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $872.30 million during the quarter, compared to the consensus estimate of $909.55 million. MillerKnoll had a net margin of 1.96% and a return on equity of 9.61%. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. As a group, equities research analysts expect that MillerKnoll, Inc. will post 1.94 EPS 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.