MillerKnoll, Inc. (NASDAQ:MLKN) Stake Decreased by Franklin Resources Inc.

Franklin Resources Inc. trimmed its holdings in MillerKnoll, Inc. (NASDAQ:MLKN) by 40.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,885 shares of the company’s stock after selling 16,043 shares during the quarter. Franklin Resources Inc.’s holdings in MillerKnoll were worth $540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in MillerKnoll by 56.6% during the 3rd quarter. Jane Street Group LLC now owns 90,960 shares of the company’s stock valued at $2,252,000 after purchasing an additional 32,861 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of MillerKnoll by 458.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock valued at $33,000 after buying an additional 1,201 shares during the period. Amundi boosted its stake in MillerKnoll by 207.3% during the fourth quarter. Amundi now owns 40,433 shares of the company’s stock valued at $884,000 after buying an additional 27,276 shares in the last quarter. Barclays PLC grew its holdings in MillerKnoll by 37.7% during the third quarter. Barclays PLC now owns 119,389 shares of the company’s stock worth $2,957,000 after acquiring an additional 32,686 shares during the period. Finally, Empowered Funds LLC raised its position in MillerKnoll by 5.1% in the fourth quarter. Empowered Funds LLC now owns 377,522 shares of the company’s stock worth $8,528,000 after acquiring an additional 18,378 shares in the last quarter. 87.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MLKN has been the topic of several research reports. Sidoti raised MillerKnoll to a “hold” rating in a report on Tuesday, March 25th. StockNews.com lowered MillerKnoll from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th.

MillerKnoll Stock Down 3.0 %

MLKN stock opened at $15.68 on Thursday. The company has a 50 day moving average of $19.72 and a two-hundred day moving average of $22.22. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 0.89 and a beta of 1.05. MillerKnoll, Inc. has a 12-month low of $15.43 and a 12-month high of $31.73. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 1.02.

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