Vanguard Group Inc. Boosts Position in MillerKnoll, Inc. $MLKN

Vanguard Group Inc. raised its position in MillerKnoll, Inc. (NASDAQ:MLKNFree Report) by 7.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,550,194 shares of the company’s stock after purchasing an additional 623,035 shares during the period. Vanguard Group Inc. owned about 12.53% of MillerKnoll worth $156,298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MLKN. Osaic Holdings Inc. boosted its position in shares of MillerKnoll by 36.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock worth $38,000 after buying an additional 519 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in MillerKnoll during the 3rd quarter valued at about $72,000. Canada Pension Plan Investment Board acquired a new position in MillerKnoll during the second quarter worth about $82,000. Strs Ohio acquired a new position in MillerKnoll during the third quarter worth about $85,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of MillerKnoll by 9.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 7,676 shares of the company’s stock valued at $140,000 after purchasing an additional 690 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.

Analysts Set New Price Targets

MLKN has been the subject of a number of recent research reports. William Blair initiated coverage on shares of MillerKnoll in a research note on Tuesday, February 10th. They set an “outperform” rating for the company. Zacks Research lowered MillerKnoll from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of MillerKnoll in a report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

View Our Latest Stock Analysis on MLKN

MillerKnoll Price Performance

MillerKnoll stock opened at $15.52 on Tuesday. The stock has a market capitalization of $1.06 billion, a P/E ratio of 110.86, a P/E/G ratio of 0.74 and a beta of 1.41. MillerKnoll, Inc. has a 12-month low of $13.77 and a 12-month high of $23.18. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.64 and a quick ratio of 0.92. The firm’s 50-day moving average is $17.09 and its two-hundred day moving average is $17.72.

MillerKnoll (NASDAQ:MLKNGet Free Report) last posted its quarterly earnings data on Wednesday, March 25th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02). MillerKnoll had a net margin of 0.28% and a return on equity of 10.11%. The firm had revenue of $926.60 million during the quarter, compared to analyst estimates of $941.95 million. During the same period in the prior year, the firm earned $0.44 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Equities analysts predict that MillerKnoll, Inc. will post 1.83 earnings per share for the current year.

MillerKnoll Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Saturday, May 30th will be issued a dividend of $0.1875 per share. The ex-dividend date is Friday, May 29th. This represents a $0.75 annualized dividend and a dividend yield of 4.8%. MillerKnoll’s dividend payout ratio (DPR) is 535.71%.

About MillerKnoll

(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.

Further Reading

Institutional Ownership by Quarter for MillerKnoll (NASDAQ:MLKN)

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.