Charles Schwab Investment Management Inc. Purchases 30,880 Shares of MillerKnoll, Inc. $MLKN

Key Points

• Charles Schwab Investment Management Inc. increased its stake in MillerKnoll, Inc. by 2.4%, now owning approximately 1.98% of the company, equating to a value of $25.7 million as of the recent SEC filing.
• MillerKnoll reported earnings per share of $0.60 for its last quarter, surpassing analysts’ expectations, with revenues reaching $961.8 million, reflecting an 8.2% year-over-year growth.
• The company announced a quarterly dividend of $0.1875, representing an annualized dividend yield of 3.5%, despite a negative payout ratio of -133.93%.

Charles Schwab Investment Management Inc. grew its position in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 2.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,343,825 shares of the company's stock after purchasing an additional 30,880 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.98% of MillerKnoll worth $25,721,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of MLKN. Studio Investment Management LLC boosted its stake in MillerKnoll by 29.9% during the fourth quarter. Studio Investment Management LLC now owns 2,149 shares of the company's stock worth $49,000 after acquiring an additional 495 shares in the last quarter. Sterling Capital Management LLC boosted its stake in MillerKnoll by 793.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,198 shares of the company's stock worth $50,000 after acquiring an additional 1,952 shares in the last quarter. Allianz Asset Management GmbH bought a new position in MillerKnoll during the first quarter worth $201,000. Dark Forest Capital Management LP bought a new position in MillerKnoll during the fourth quarter worth $221,000. Finally, Cetera Investment Advisers bought a new position in MillerKnoll during the fourth quarter worth $237,000. 87.50% of the stock is owned by institutional investors.

MillerKnoll Stock Down 1.7%

Shares of MLKN stock traded down $0.38 on Tuesday, hitting $21.52. The stock had a trading volume of 490,927 shares, compared to its average volume of 376,607. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.58 and a quick ratio of 0.94. The business has a 50 day moving average of $19.99 and a 200 day moving average of $18.92. MillerKnoll, Inc. has a 12-month low of $15.25 and a 12-month high of $30.00. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -38.43, a price-to-earnings-growth ratio of 1.01 and a beta of 1.22.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its quarterly earnings results on Wednesday, June 25th. The company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.16. MillerKnoll had a negative net margin of 1.01% and a positive return on equity of 10.44%. The company had revenue of $961.80 million for the quarter, compared to analyst estimates of $913.80 million. During the same period last year, the firm earned $0.67 earnings per share. The firm's revenue was up 8.2% on a year-over-year basis. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. As a group, analysts expect that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Sunday, August 31st will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, August 29th. MillerKnoll's dividend payout ratio (DPR) is presently -133.93%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Benchmark raised shares of MillerKnoll to a "hold" rating in a research note on Friday, June 27th. Wall Street Zen raised shares of MillerKnoll from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold".

MillerKnoll Company Profile

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.