Ancora Advisors LLC Takes $1.48 Million Position in MillerKnoll, Inc. $MLKN

Key Points

• Ancora Advisors acquired 72,451 MillerKnoll shares worth approximately $1.48 million, representing about 0.11% of the company. Institutional investors and hedge funds collectively own 87.5% of MLKN.
• MillerKnoll reported quarterly revenue of roughly $1 billion, up 4.4% year over year, and earnings of $0.55 per share, beating analyst estimates. The stock recently traded at $23.49, near its 52-week high.
• The company declared a quarterly dividend of $0.1875 per share, or $0.75 annualized, for a 3.2% yield. Analysts maintain a consensus Hold rating, with one Buy and two Hold recommendations.

Ancora Advisors LLC acquired a new position in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 72,451 shares of the company's stock, valued at approximately $1,482,000. Ancora Advisors LLC owned approximately 0.11% of MillerKnoll at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Cassaday & Co Wealth Management LLC purchased a new stake in MillerKnoll during the 1st quarter worth about $26,000. Versant Capital Management Inc lifted its holdings in 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 in the last quarter. Quantbot Technologies LP purchased a new position in MillerKnoll in the 2nd quarter valued at about $29,000. Osaic Holdings Inc. boosted its stake in shares of MillerKnoll by 36.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,941 shares of the company's stock worth $38,000 after purchasing an additional 519 shares during the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of MillerKnoll during the 4th quarter worth about $46,000. 87.50% of the stock is currently owned by institutional investors and hedge funds.

MillerKnoll Trading Up 0.7%

Shares of MLKN stock opened at $23.49 on Friday. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 0.96 and a beta of 1.36. The company has a quick ratio of 0.90, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. MillerKnoll, Inc. has a fifty-two week low of $13.77 and a fifty-two week high of $24.71. The firm's 50 day moving average price is $21.76 and its two-hundred day moving average price is $18.85.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its quarterly earnings data on Wednesday, June 24th. The company reported $0.55 earnings per share (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 during the quarter, compared to the consensus estimate of $973.87 million. During the same period in the previous year, the firm earned $0.60 earnings per share. MillerKnoll's revenue for the quarter 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. On average, analysts anticipate that MillerKnoll, Inc. will post 2.02 EPS for the current year.

MillerKnoll Dividend Announcement

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 dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 28th. MillerKnoll's dividend payout ratio is 56.82%.

Analysts Set New Price Targets

A number of analysts recently issued reports on MLKN shares. Zacks Research upgraded shares of MillerKnoll from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 26th. Weiss Ratings upgraded MillerKnoll from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Finally, Wall Street Zen lowered MillerKnoll from a "buy" rating to a "hold" rating in a research note on Sunday, July 26th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus 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.

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