Alliancebernstein L.P. Decreases Stake in MillerKnoll, Inc. $MLKN

Key Points

• Alliancebernstein L.P. reduced its holdings in MillerKnoll, Inc. by 4.9%, owning approximately 4.9 million shares valued at about $93.87 million after selling 251,734 shares in the first quarter.
• MillerKnoll's quarterly earnings exceeded expectations, reporting $0.60 earnings per share, up from $0.67 the previous year, with revenue of $961.80 million, an 8.2% increase year-over-year.
• The company announced a quarterly dividend of $0.1875 per share, resulting in an annualized dividend of $0.75 and a yield of 3.5%.

Alliancebernstein L.P. lowered its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 4.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,904,230 shares of the company's stock after selling 251,734 shares during the period. Alliancebernstein L.P. owned approximately 7.24% of MillerKnoll worth $93,867,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of MillerKnoll by 7.9% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,329,264 shares of the company's stock worth $44,582,000 after buying an additional 170,504 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in MillerKnoll by 2.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,343,825 shares of the company's stock valued at $25,721,000 after purchasing an additional 30,880 shares in the last quarter. LSV Asset Management increased its stake in MillerKnoll by 36.4% in the first quarter. LSV Asset Management now owns 1,280,484 shares of the company's stock valued at $24,508,000 after purchasing an additional 342,048 shares in the last quarter. Forager Capital Management LLC raised its holdings in shares of MillerKnoll by 23.9% during the fourth quarter. Forager Capital Management LLC now owns 1,181,841 shares of the company's stock valued at $26,698,000 after purchasing an additional 228,000 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of MillerKnoll by 11.0% during the 1st quarter. Wellington Management Group LLP now owns 892,863 shares of the company's stock worth $17,089,000 after purchasing an additional 88,758 shares in the last quarter. 87.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MLKN shares. Wall Street Zen raised MillerKnoll from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. Zacks Research upgraded MillerKnoll from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Finally, Benchmark raised MillerKnoll to a "hold" rating in a research report on Friday, June 27th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

MillerKnoll Stock Up 4.3%

MLKN stock traded up $0.87 during mid-day trading on Thursday, reaching $21.09. 479,534 shares of the company traded hands, compared to its average volume of 342,078. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 1.03. The firm's 50 day moving average price is $20.52 and its 200 day moving average price is $18.82. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -37.66, a P/E/G ratio of 0.93 and a beta of 1.25. MillerKnoll, Inc. has a fifty-two week low of $15.25 and a fifty-two week high of $28.33.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.44 by $0.16. The firm had revenue of $961.80 million during the quarter, compared to the consensus estimate of $913.80 million. MillerKnoll had a positive return on equity of 10.44% and a negative net margin of 1.01%.The company's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 earnings per share. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. As a group, equities research analysts predict that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Sunday, August 31st will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, August 29th. MillerKnoll's payout ratio is currently -133.93%.

About MillerKnoll

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.