Counterpoint Mutual Funds LLC Purchases New Holdings in MillerKnoll, Inc. $MLKN

Key Points

• Counterpoint Mutual Funds LLC has acquired a new position in MillerKnoll, Inc., purchasing 19,045 shares valued at approximately $370,000 in the second quarter.
• MillerKnoll announced a quarterly dividend of $0.1875 per share, translating to an annualized yield of 3.9% for shareholders of record on August 31st.
• Despite a negative net margin of 1.01%, MillerKnoll reported a 10.9% increase in revenue year-over-year and exceeded earnings expectations with $0.45 EPS against a consensus estimate of $0.34.

Counterpoint Mutual Funds LLC acquired a new position in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 19,045 shares of the company's stock, valued at approximately $370,000.

A number of other hedge funds have also recently modified their holdings of the business. Hsbc Holdings PLC raised its holdings in shares of MillerKnoll by 7.8% in the first quarter. Hsbc Holdings PLC now owns 10,350 shares of the company's stock worth $201,000 after buying an additional 753 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in MillerKnoll by 2.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company's stock valued at $775,000 after acquiring an additional 801 shares during the last quarter. PNC Financial Services Group Inc. grew its position in MillerKnoll by 3.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 23,877 shares of the company's stock valued at $457,000 after acquiring an additional 859 shares during the last quarter. Two Sigma Advisers LP increased its stake in MillerKnoll by 16.5% in the fourth quarter. Two Sigma Advisers LP now owns 18,310 shares of the company's stock worth $414,000 after purchasing an additional 2,600 shares during the period. Finally, Summit Securities Group LLC bought a new stake in shares of MillerKnoll during the first quarter worth $70,000. Institutional investors own 87.50% of the company's stock.

MillerKnoll Stock Performance

Shares of NASDAQ:MLKN opened at $19.02 on Wednesday. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -33.96, a price-to-earnings-growth ratio of 0.92 and a beta of 1.25. MillerKnoll, Inc. has a 52 week low of $15.25 and a 52 week high of $25.96. 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 has a 50 day moving average of $20.42 and a 200 day moving average of $18.73.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its earnings results on Tuesday, September 23rd. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.11. MillerKnoll had a positive return on equity of 10.44% and a negative net margin of 1.01%.During the same quarter in the previous year, the firm posted $0.36 EPS. MillerKnoll's revenue was up 10.9% compared to the same quarter last year. MillerKnoll has set its Q2 2026 guidance at 0.380-0.440 EPS. On average, sell-side analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Sunday, August 31st will be issued a $0.1875 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.75 dividend on an annualized basis and a yield of 3.9%. MillerKnoll's payout ratio is currently -133.93%.

Analyst Ratings Changes

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

MillerKnoll 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.

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