MillerKnoll, Inc. (NASDAQ:MLKN – Get Free Report)’s share price gapped up before the market opened on Friday after an insider bought additional shares in the company. The stock had previously closed at $17.63, but opened at $18.13. MillerKnoll shares last traded at $18.37, with a volume of 154,205 shares traded. Specifically, insider Megan Lyon purchased 6,410 shares of the firm’s stock in a transaction dated Friday, May 5th. The shares were purchased at an average cost of $15.60 per share, for a total transaction of $99,996.00. Following the completion of the transaction, the insider now directly owns 17,875 shares in the company, valued at approximately $278,850. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Megan Lyon purchased 6,410 shares of the firm’s stock in a transaction dated Friday, May 5th. The shares were purchased at an average price of $15.60 per share, with a total value of $99,996.00. Following the acquisition, the insider now directly owns 17,875 shares of the company’s stock, valued at $278,850. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael A. Volkema acquired 13,584 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was purchased at an average price of $16.95 per share, with a total value of $230,248.80. Following the completion of the acquisition, the director now directly owns 200,670 shares in the company, valued at approximately $3,401,356.50. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 80,194 shares of company stock valued at $1,330,167. Corporate insiders own 1.81% of the company’s stock.
MillerKnoll Stock Performance
The company has a market cap of $1.39 billion, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 0.78 and a beta of 1.42. The company’s fifty day moving average is $15.19 and its 200 day moving average is $18.95. The company has a current ratio of 1.67, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95.
MillerKnoll (NASDAQ:MLKN – Get Free Report) last announced its quarterly earnings results on Wednesday, July 12th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $956.70 million for the quarter, compared to analysts’ expectations of $945.60 million. MillerKnoll had a return on equity of 9.87% and a net margin of 1.03%. The business’s quarterly revenue was down 13.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 EPS. As a group, equities analysts predict that MillerKnoll, Inc. will post 1.8 earnings per share for the current fiscal year.
Institutional Trading of MillerKnoll
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE purchased a new position in shares of MillerKnoll during the first quarter valued at about $36,000. Captrust Financial Advisors bought a new position in MillerKnoll in the first quarter worth $41,000. Point72 Hong Kong Ltd purchased a new position in MillerKnoll during the first quarter valued at $58,000. Ronald Blue Trust Inc. grew its position in shares of MillerKnoll by 222.1% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,694 shares of the company’s stock worth $26,000 after buying an additional 1,168 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of MillerKnoll by 428.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,168 shares of the company’s stock worth $44,000 after acquiring an additional 1,758 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.
MillerKnoll Company Profile
MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. The company operates in four segments: Americas Contract, International Contract, Global Retail, and Knoll. It offers office furniture products under the Aeron, Mirra, Sayl, Embody, Layout Studio, Imagine Desking System, Ratio, Cosm, Tone, and Generation by Knoll names; and other seating and storage products and ergonomic accessories under the About A Chair, Palissade, Eero Saarinen designs, Barcelona, and the Flo monitor arm names.