Deprince Race & Zollo Inc. Buys 191,249 Shares of MillerKnoll, Inc. $MLKN

Deprince Race & Zollo Inc. raised its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 10.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,989,356 shares of the company’s stock after buying an additional 191,249 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in MillerKnoll were worth $35,291,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Osaic Holdings Inc. increased its holdings in shares of MillerKnoll by 36.5% during the second quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after acquiring an additional 519 shares in the last quarter. Legal & General Group Plc grew its position in MillerKnoll by 0.4% during the 2nd quarter. Legal & General Group Plc now owns 192,219 shares of the company’s stock valued at $3,733,000 after purchasing an additional 678 shares during the last quarter. Hsbc Holdings PLC increased its stake in MillerKnoll by 7.8% during the 1st quarter. Hsbc Holdings PLC now owns 10,350 shares of the company’s stock valued at $201,000 after purchasing an additional 753 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in MillerKnoll by 2.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company’s stock worth $775,000 after buying an additional 801 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in MillerKnoll by 6.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,393 shares of the company’s stock worth $338,000 after buying an additional 1,082 shares during the last quarter. 87.50% of the stock is owned by hedge funds and other institutional investors.

MillerKnoll Trading Down 0.1%

NASDAQ:MLKN opened at $18.08 on Friday. The company has a market cap of $1.24 billion, a PE ratio of -46.36, a price-to-earnings-growth ratio of 0.78 and a beta of 1.32. The company has a current ratio of 1.66, a quick ratio of 0.95 and a debt-to-equity ratio of 1.02. The company has a 50 day simple moving average of $16.07 and a two-hundred day simple moving average of $18.24. MillerKnoll, Inc. has a 12 month low of $13.77 and a 12 month high of $23.47.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings results on Wednesday, December 17th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. MillerKnoll had a positive return on equity of 10.32% and a negative net margin of 0.68%.The firm had revenue of $955.20 million for the quarter, compared to analysts’ expectations of $943.13 million. During the same period in the prior year, the firm earned $0.55 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. MillerKnoll has set its Q3 2026 guidance at 0.420-0.480 EPS. Research analysts forecast that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Saturday, November 29th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, November 28th. MillerKnoll’s dividend payout ratio (DPR) is presently -192.31%.

Analyst Upgrades and Downgrades

MLKN has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of MillerKnoll from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Zacks Research lowered MillerKnoll from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of MillerKnoll in a research note on Monday, December 15th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

MillerKnoll Profile

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.