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

Landscape Capital Management L.L.C. reduced its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 2.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 138,666 shares of the company’s stock after selling 3,276 shares during the period. Landscape Capital Management L.L.C.’s holdings in MillerKnoll were worth $3,433,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in shares of MillerKnoll in the second quarter worth about $30,000. EverSource Wealth Advisors LLC increased its holdings in MillerKnoll by 254.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,201 shares of the company’s stock valued at $32,000 after purchasing an additional 862 shares during the last quarter. GAMMA Investing LLC boosted its position in MillerKnoll by 35.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock valued at $41,000 after buying an additional 426 shares during the period. EntryPoint Capital LLC increased its position in shares of MillerKnoll by 566.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,661 shares of the company’s stock valued at $66,000 after purchasing an additional 2,262 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of MillerKnoll during the 3rd quarter worth approximately $84,000. 87.50% of the stock is owned by hedge funds and other institutional investors.

MillerKnoll Stock Performance

NASDAQ:MLKN opened at $23.45 on Thursday. MillerKnoll, Inc. has a 1-year low of $22.35 and a 1-year high of $31.73. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.59 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $24.51 and a 200-day simple moving average of $26.49. The firm has a market cap of $1.62 billion, a PE ratio of 26.95, a P/E/G ratio of 0.90 and a beta of 1.18.

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

MillerKnoll Dividend Announcement

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

Analysts Set New Price Targets

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

About MillerKnoll

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.