Jupiter Topco LLC purchased a new stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 32,216 shares of the company’s stock, valued at approximately $659,000.
Other large investors have also made changes to their positions in the company. Cassaday & Co Wealth Management LLC purchased a new stake in shares of MillerKnoll during the first quarter worth about $26,000. Versant Capital Management Inc lifted its holdings in MillerKnoll by 166.5% in the 2nd quarter. Versant Capital Management Inc now owns 1,250 shares of the company’s stock worth $26,000 after purchasing an additional 781 shares in the last quarter. Quantbot Technologies LP bought a new position in MillerKnoll in the 2nd quarter worth approximately $29,000. Osaic Holdings Inc. boosted its stake in 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 purchasing an additional 519 shares during the period. Finally, Lloyd Advisory Services LLC. purchased a new stake in MillerKnoll during the 4th quarter valued at approximately $46,000. 87.50% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. Wall Street Zen downgraded shares of MillerKnoll from a “buy” rating to a “hold” rating in a report on Sunday, July 26th. Zacks Research upgraded shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings upgraded MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
MillerKnoll Price Performance
MillerKnoll stock opened at $22.92 on Monday. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 0.95 and a beta of 1.36. The firm’s fifty day moving average is $22.37 and its 200 day moving average is $18.87. The company has a quick ratio of 0.90, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. MillerKnoll, Inc. has a 52-week low of $13.77 and a 52-week high of $24.71.
MillerKnoll (NASDAQ:MLKN – Get Free Report) last issued its quarterly earnings data on Wednesday, June 24th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. MillerKnoll had a net margin of 2.38% and a return on equity of 9.77%. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $973.87 million. During the same period last year, the company posted $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. Sell-side analysts forecast that MillerKnoll, Inc. will post 2.02 EPS for the current fiscal year.
MillerKnoll Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Saturday, August 29th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, August 28th. MillerKnoll’s payout ratio is presently 56.82%.
About MillerKnoll
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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