Louisiana State Employees Retirement System Invests $982,000 in MillerKnoll, Inc. (NASDAQ:MLKN)

Louisiana State Employees Retirement System bought a new position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 36,800 shares of the company’s stock, valued at approximately $982,000. Louisiana State Employees Retirement System owned 0.05% of MillerKnoll as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC raised its position in MillerKnoll by 524.4% in the 3rd quarter. SG Americas Securities LLC now owns 109,836 shares of the company’s stock valued at $2,685,000 after buying an additional 92,244 shares during the last quarter. Intellectus Partners LLC raised its position in MillerKnoll by 5.3% in the 3rd quarter. Intellectus Partners LLC now owns 16,790 shares of the company’s stock valued at $414,000 after buying an additional 845 shares during the last quarter. Verdence Capital Advisors LLC purchased a new stake in MillerKnoll in the 3rd quarter valued at $242,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in MillerKnoll by 36.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,071 shares of the company’s stock valued at $368,000 after buying an additional 3,993 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in MillerKnoll in the 3rd quarter valued at $36,000. 87.50% of the stock is owned by institutional investors and hedge funds.

MillerKnoll Stock Down 3.1 %

Shares of NASDAQ:MLKN opened at $25.35 on Thursday. The company has a market capitalization of $1.82 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.10 and a beta of 1.29. 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 business has a fifty day moving average price of $28.25 and a two-hundred day moving average price of $26.80. MillerKnoll, Inc. has a 1 year low of $13.20 and a 1 year high of $31.33.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings data on Wednesday, March 27th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $872.30 million during the quarter, compared to the consensus estimate of $909.55 million. MillerKnoll had a return on equity of 9.61% and a net margin of 1.96%. The business’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. Analysts forecast that MillerKnoll, Inc. will post 1.94 earnings per share for the current year.

Analysts Set New Price Targets

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

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.