Principal Financial Group Inc. Buys 5,155 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Principal Financial Group Inc. lifted its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 1.5% in the third quarter, HoldingsChannel reports. The fund owned 358,529 shares of the company’s stock after acquiring an additional 5,155 shares during the period. Principal Financial Group Inc.’s holdings in MillerKnoll were worth $8,877,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MLKN. EverSource Wealth Advisors LLC increased its stake in shares of MillerKnoll by 254.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,201 shares of the company’s stock worth $32,000 after purchasing an additional 862 shares in the last quarter. GAMMA Investing LLC increased its stake in MillerKnoll by 35.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock worth $41,000 after buying an additional 426 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in MillerKnoll during the third quarter valued at about $84,000. DekaBank Deutsche Girozentrale lifted its position in shares of MillerKnoll by 99.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 4,640 shares of the company’s stock valued at $112,000 after acquiring an additional 2,316 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of MillerKnoll in the third quarter worth about $210,000. Institutional investors own 87.50% of the company’s stock.

MillerKnoll Price Performance

Shares of NASDAQ:MLKN opened at $21.85 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 24.01, a P/E/G ratio of 0.84 and a beta of 1.23. The firm has a fifty day moving average price of $23.57 and a 200 day moving average price of $25.55. MillerKnoll, Inc. has a fifty-two week low of $20.89 and a fifty-two week high of $31.73.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $970.40 million during the quarter, compared to analyst estimates of $959.60 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 earnings per share. As a group, sell-side analysts expect that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded MillerKnoll from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

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.