Deprince Race & Zollo Inc. Trims Holdings in MillerKnoll, Inc. $MLKN

Deprince Race & Zollo Inc. lowered its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKNFree Report) by 2.2% in the first quarter, Holdings Channel reports. The firm owned 2,476,206 shares of the company’s stock after selling 54,788 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in MillerKnoll were worth $35,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of MLKN. Osaic Holdings Inc. increased its stake in MillerKnoll by 36.5% in the second quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after purchasing an additional 519 shares during the period. Lloyd Advisory Services LLC. purchased a new position in shares of MillerKnoll during the fourth quarter worth about $46,000. Harbour Investments Inc. grew its holdings in shares of MillerKnoll by 47.7% during the fourth quarter. Harbour Investments Inc. now owns 3,095 shares of the company’s stock worth $57,000 after buying an additional 1,000 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in MillerKnoll in the 3rd quarter valued at about $72,000. Finally, Canada Pension Plan Investment Board acquired a new position in MillerKnoll in the 2nd quarter valued at about $82,000. 87.50% of the stock is owned by hedge funds and other institutional investors.

MillerKnoll Trading Up 3.5%

NASDAQ:MLKN opened at $21.18 on Thursday. The stock has a fifty day moving average price of $16.24 and a two-hundred day moving average price of $17.87. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 0.86 and a beta of 1.35. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.90 and a current ratio of 1.58. MillerKnoll, Inc. has a 1 year low of $13.77 and a 1 year high of $23.18.

MillerKnoll (NASDAQ:MLKNGet Free Report) last issued its earnings results on Wednesday, June 24th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. MillerKnoll had a net margin of 2.38% and a return on equity of 9.77%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $973.87 million. During the same period in the previous year, the firm earned $0.60 EPS. The business’s revenue was up 4.4% on a year-over-year basis. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. As a group, sell-side analysts anticipate that MillerKnoll, Inc. will post 1.99 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Saturday, May 30th will be paid a $0.1875 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.75 annualized dividend and a dividend yield of 3.5%. MillerKnoll’s dividend payout ratio (DPR) is 56.82%.

Analysts Set New Price Targets

Several research firms have commented on MLKN. Weiss Ratings downgraded MillerKnoll from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, June 26th. Wall Street Zen raised MillerKnoll from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Finally, Zacks Research raised MillerKnoll from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, MillerKnoll has a consensus rating of “Hold”.

Get Our Latest Analysis on MillerKnoll

MillerKnoll Company Profile

(Free Report)

MillerKnoll, Inc (NASDAQ: MLKN) is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.

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Institutional Ownership by Quarter for MillerKnoll (NASDAQ:MLKN)

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