MillerKnoll, Inc. $MLKN Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. trimmed its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 2.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,476,206 shares of the company’s stock after selling 54,788 shares during the period. Deprince Race & Zollo Inc. owned about 3.62% of MillerKnoll worth $35,806,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in MLKN. Royal Bank of Canada grew its holdings in MillerKnoll by 39.4% during the 1st quarter. Royal Bank of Canada now owns 19,451 shares of the company’s stock worth $373,000 after acquiring an additional 5,495 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of MillerKnoll by 2.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company’s stock valued at $775,000 after purchasing an additional 801 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of MillerKnoll by 7.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 197,932 shares of the company’s stock valued at $3,788,000 after purchasing an additional 13,099 shares in the last quarter. Jane Street Group LLC lifted its position in shares of MillerKnoll by 311.8% during the 1st quarter. Jane Street Group LLC now owns 414,275 shares of the company’s stock worth $7,929,000 after purchasing an additional 313,684 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of MillerKnoll by 177.3% during the 2nd quarter. Hsbc Holdings PLC now owns 28,704 shares of the company’s stock worth $553,000 after purchasing an additional 18,354 shares during the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

MillerKnoll Stock Performance

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

MillerKnoll (NASDAQ:MLKN) last posted its earnings results 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 return on equity of 9.77% and a net margin of 2.38%.The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $973.87 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business’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. As a group, analysts expect that MillerKnoll, Inc. will post 1.99 earnings per share for the current year.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 dividend on an annualized basis and a yield of 3.5%. MillerKnoll’s payout ratio is currently 56.82%.

Analyst Upgrades and Downgrades

MLKN has been the topic of several recent analyst reports. Zacks Research raised MillerKnoll from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. Wall Street Zen raised MillerKnoll from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Finally, Weiss Ratings cut MillerKnoll from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

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.