Louisiana State Employees Retirement System Makes New $438,000 Investment in MillerKnoll, Inc. $MLKN

Louisiana State Employees Retirement System bought a new stake in MillerKnoll, Inc. (NASDAQ:MLKN) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,300 shares of the company’s stock, valued at approximately $438,000.

A number of other hedge funds 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. ProShare Advisors LLC grew its stake in MillerKnoll by 4.4% in the 4th quarter. ProShare Advisors LLC now owns 13,308 shares of the company’s stock valued at $243,000 after acquiring an additional 558 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in MillerKnoll by 9.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 7,676 shares of the company’s stock valued at $140,000 after acquiring an additional 690 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in MillerKnoll by 2.0% during the 4th quarter. State of Alaska Department of Revenue now owns 38,972 shares of the company’s stock valued at $711,000 after acquiring an additional 767 shares in the last quarter. Finally, Rexford Capital Inc. raised its position in MillerKnoll by 17.0% during the fourth quarter. Rexford Capital Inc. now owns 5,500 shares of the company’s stock worth $101,000 after acquiring an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on MLKN shares. Weiss Ratings downgraded shares of MillerKnoll from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, June 26th. Wall Street Zen downgraded MillerKnoll from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Zacks Research raised MillerKnoll from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. One 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 stock. According to MarketBeat, the company currently has an average rating of “Hold”.

MillerKnoll Trading Down 3.5%

MillerKnoll stock opened at $19.67 on Thursday. The stock has a market cap of $1.35 billion, a PE ratio of 14.90, a P/E/G ratio of 0.84 and a beta of 1.36. The stock has a 50-day moving average price of $16.57 and a 200 day moving average price of $17.99. MillerKnoll, Inc. has a 52 week low of $13.77 and a 52 week high of $23.18. The company has a current ratio of 1.58, a quick ratio of 0.90 and a debt-to-equity ratio of 0.94.

MillerKnoll (NASDAQ:MLKN) last released its earnings results on Wednesday, June 24th. The company reported $0.55 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1 billion for the quarter, compared to analyst estimates of $973.87 million. During the same period in the prior year, the firm earned $0.60 EPS. The firm’s quarterly 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. Equities research analysts predict that MillerKnoll, Inc. will post 2.02 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Saturday, May 30th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.75 annualized dividend and a dividend yield of 3.8%. MillerKnoll’s dividend payout ratio is presently 56.82%.

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.