Comerica Bank boosted its stake in MillerKnoll, Inc. (NASDAQ:MLKN – Get Rating) by 26.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,995 shares of the company's stock after purchasing an additional 12,735 shares during the period. Comerica Bank's holdings in MillerKnoll were worth $1,109,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MLKN. US Bancorp DE purchased a new stake in shares of MillerKnoll in the first quarter worth about $36,000. Captrust Financial Advisors purchased a new position in MillerKnoll in the 1st quarter worth approximately $41,000. Janiczek Wealth Management LLC acquired a new stake in MillerKnoll in the second quarter valued at approximately $40,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of MillerKnoll during the second quarter valued at approximately $37,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of MillerKnoll during the first quarter worth $58,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Benchmark lowered shares of MillerKnoll from a "buy" rating to a "hold" rating in a report on Tuesday, November 29th. Craig Hallum lowered MillerKnoll from a "buy" rating to a "hold" rating and dropped their target price for the stock from $50.00 to $20.00 in a research report on Thursday, September 29th.

MillerKnoll Trading Down 0.4 %

MillerKnoll (NASDAQ:MLKN – Get Rating) last posted its quarterly earnings results on Wednesday, December 21st. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.04. The business had revenue of $1.07 billion during the quarter. MillerKnoll had a return on equity of 9.46% and a net margin of 1.78%.

MillerKnoll Company Profile

(Get Rating)

MillerKnoll, Inc engages in the research, design, manufacture, and distribution of interior furnishings for use in various environments including office, healthcare, educational, and residential settings. It operates through the following segments: North America Contract, International Contract, Retail, and Corporate.

Further Reading

• Get a free copy of the StockNews.com research report on MillerKnoll (MLKN)
• Pliant Therapeutics Gaps 34% Higher: More Upside To Come?
• How Will Early 2023 Layoffs Affect These 5 Biotech Stocks?
• Is the Pain Over for Baudax Bio Investors after a 70% Spike?
• Will Rocket Lab's First U.S. Launch Send Stock Into Stratosphere?
• 3 Retail Stocks Ringing the Register in 2023

Want to see what other hedge funds are holding MLKN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MillerKnoll, Inc. (NASDAQ:MLKN – Get Rating).

Receive News & Ratings for MillerKnoll Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MillerKnoll and related companies with MarketBeat.com's FREE daily email newsletter.