Raymond James & Associates Has $1.36 Million Stock Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Raymond James & Associates reduced its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 13.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 50,833 shares of the company’s stock after selling 8,045 shares during the period. Raymond James & Associates owned approximately 0.07% of MillerKnoll worth $1,356,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MLKN. BlackRock Inc. acquired a new stake in MillerKnoll during the 1st quarter worth approximately $288,708,000. Vanguard Group Inc. acquired a new stake in shares of MillerKnoll in the first quarter valued at approximately $245,927,000. State Street Corp acquired a new stake in shares of MillerKnoll in the first quarter valued at approximately $85,709,000. Eaton Vance Management acquired a new stake in shares of MillerKnoll in the first quarter valued at approximately $81,726,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in shares of MillerKnoll in the first quarter valued at approximately $68,747,000. 87.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

MillerKnoll Price Performance

NASDAQ MLKN opened at $25.12 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.59 and a debt-to-equity ratio of 0.93. MillerKnoll, Inc. has a 12-month low of $13.20 and a 12-month high of $31.33. The company has a market capitalization of $1.80 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 1.05 and a beta of 1.29. The firm’s 50 day moving average is $28.46 and its 200-day moving average is $26.73.

MillerKnoll (NASDAQ:MLKN) last issued its earnings results on Wednesday, March 27th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $872.30 million for 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 company earned $0.54 earnings per share. Equities research analysts anticipate that MillerKnoll, Inc. will post 1.94 earnings per share for the current fiscal year.

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.