Hsbc Holdings PLC Raises Position in MillerKnoll, Inc. $MLKN

Hsbc Holdings PLC grew its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 240.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,559 shares of the company’s stock after purchasing an additional 56,927 shares during the period. Hsbc Holdings PLC owned approximately 0.12% of MillerKnoll worth $1,488,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MLKN. Vanguard Group Inc. raised its holdings in MillerKnoll by 7.9% during the 4th quarter. Vanguard Group Inc. now owns 8,550,194 shares of the company’s stock valued at $156,298,000 after buying an additional 623,035 shares during the period. Deprince Race & Zollo Inc. boosted its stake in MillerKnoll by 27.2% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,530,994 shares of the company’s stock worth $46,267,000 after buying an additional 541,638 shares during the period. SG Americas Securities LLC increased its position in MillerKnoll by 755.0% during the fourth quarter. SG Americas Securities LLC now owns 478,727 shares of the company’s stock valued at $8,751,000 after acquiring an additional 422,735 shares during the last quarter. Wellington Management Group LLP increased its position in MillerKnoll by 46.4% during the fourth quarter. Wellington Management Group LLP now owns 1,305,280 shares of the company’s stock valued at $23,861,000 after acquiring an additional 413,531 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of MillerKnoll by 7.1% in the third quarter. Alliancebernstein L.P. now owns 5,166,059 shares of the company’s stock valued at $91,646,000 after acquiring an additional 340,917 shares during the period. Hedge funds and other institutional investors own 87.50% of the company’s stock.

MillerKnoll Stock Performance

NASDAQ MLKN opened at $20.46 on Wednesday. The company’s 50-day moving average price is $16.17 and its 200-day moving average price is $17.84. The company has a current ratio of 1.58, a quick ratio of 0.90 and a debt-to-equity ratio of 0.94. The stock has a market cap of $1.40 billion, a PE ratio of 15.50, a PEG ratio of 0.86 and a beta of 1.41. MillerKnoll, Inc. has a 12 month low of $13.77 and a 12 month high of $23.18.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly 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 the consensus estimate of $973.87 million. During the same quarter last year, the firm posted $0.60 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. Equities research analysts forecast that MillerKnoll, Inc. will post 1.99 earnings per share for the current year.

MillerKnoll Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Saturday, May 30th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.7%. MillerKnoll’s dividend payout ratio (DPR) is 56.82%.

Analyst Ratings Changes

A number of equities analysts recently commented on MLKN shares. Weiss Ratings cut shares of MillerKnoll from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday. Zacks Research raised shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen upgraded MillerKnoll from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

MillerKnoll Company 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.