Legal & General Group Plc bought a new stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 164,319 shares of the company's stock, valued at approximately $3,362,000. Legal & General Group Plc owned 0.24% of MillerKnoll as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of MLKN. Versant Capital Management Inc lifted its stake in shares of MillerKnoll by 166.5% in the 2nd quarter. Versant Capital Management Inc now owns 1,250 shares of the company's stock valued at $26,000 after purchasing an additional 781 shares during the period. Quantbot Technologies LP acquired a new stake in MillerKnoll during the second quarter worth approximately $29,000. Cassaday & Co Wealth Management LLC bought a new stake in MillerKnoll in the first quarter worth approximately $26,000. Osaic Holdings Inc. lifted its stake in MillerKnoll by 36.5% in the second quarter. Osaic Holdings Inc. now owns 1,941 shares of the company's stock valued at $38,000 after buying an additional 519 shares during the period. Finally, Fiduciary Financial Advisors acquired a new position in MillerKnoll in the second quarter valued at approximately $46,000. 87.50% of the stock is currently owned by institutional investors and hedge funds.
MillerKnoll Stock Performance
Shares of MLKN stock opened at $22.92 on Friday. The firm has a market capitalization of $1.58 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 0.92 and a beta of 1.36. The firm has a fifty day simple moving average of $22.37 and a two-hundred day simple moving average of $18.89. 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, Inc. has a 12 month low of $13.77 and a 12 month high of $24.71.
MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its quarterly earnings data on Wednesday, June 24th. The company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.03. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $973.87 million. MillerKnoll had a net margin of 2.38% and a return on equity of 9.77%. The business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.60 earnings per share. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. Analysts forecast that MillerKnoll, Inc. will post 2.02 EPS for the current fiscal year.
MillerKnoll Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Saturday, August 29th will be given a $0.1875 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.75 annualized dividend and a yield of 3.3%. MillerKnoll's dividend payout ratio (DPR) is presently 56.82%.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on MLKN. Zacks Research raised shares of MillerKnoll from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 26th. Wall Street Zen lowered shares of MillerKnoll from a "buy" rating to a "hold" rating in a research note on Sunday, July 26th. Finally, Weiss Ratings upgraded shares of MillerKnoll from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold".
Read Our Latest Research Report on MillerKnoll
About MillerKnoll
(
Free Report)
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.
See Also
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