Landscape Capital Management L.L.C. Sells 3,276 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Landscape Capital Management L.L.C. reduced its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,666 shares of the company’s stock after selling 3,276 shares during the quarter. Landscape Capital Management L.L.C. owned 0.20% of MillerKnoll worth $3,433,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MLKN. ProShare Advisors LLC boosted its holdings in shares of MillerKnoll by 7.3% in the 1st quarter. ProShare Advisors LLC now owns 14,857 shares of the company’s stock worth $368,000 after buying an additional 1,005 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of MillerKnoll by 30.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 28,228 shares of the company’s stock valued at $699,000 after purchasing an additional 6,540 shares in the last quarter. Vanguard Group Inc. raised its stake in 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 purchasing an additional 226,792 shares in the last quarter. EntryPoint Capital LLC grew its position in MillerKnoll by 566.9% in the first quarter. EntryPoint Capital LLC now owns 2,661 shares of the company’s stock worth $66,000 after acquiring an additional 2,262 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of MillerKnoll by 4.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 60,650 shares of the company’s stock valued at $1,502,000 after buying an additional 2,544 shares in the last quarter. Institutional investors own 87.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut MillerKnoll from a “buy” rating to a “hold” rating in a report on Thursday, October 10th.

MillerKnoll Stock Down 0.1 %

Shares of NASDAQ MLKN opened at $23.45 on Thursday. The firm has a fifty day simple moving average of $24.51 and a two-hundred day simple moving average of $26.49. MillerKnoll, Inc. has a 12 month low of $22.35 and a 12 month high of $31.73. The company has a current ratio of 1.59, a quick ratio of 0.93 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $1.62 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 0.90 and a beta of 1.18.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings results on Thursday, September 19th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.04). The company had revenue of $861.50 million during the quarter, compared to analysts’ expectations of $889.38 million. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.37 EPS. Equities analysts expect that MillerKnoll, Inc. will post 2.17 earnings per share for the current year.

MillerKnoll Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Saturday, November 30th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Friday, November 29th. MillerKnoll’s payout ratio is currently 86.21%.

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.