Deprince Race & Zollo Inc. Has $46.27 Million Stake in MillerKnoll, Inc. $MLKN

Key Points

• Deprince Race & Zollo Inc. boosted its stake in MillerKnoll by 27.2% to 2,530,994 shares — roughly 3.71% of the company, a $46.27 million position — and institutional investors now own about 87.5% of MLKN.
• Analyst sentiment is negative with an average rating of Reduce (1 Buy, 1 Hold, 2 Sell), and MillerKnoll recently missed quarterly EPS and revenue estimates while reporting a slim net margin of 0.28% and a $1.05 billion market cap.
• The company announced a quarterly dividend that implies a 4.9% yield, but the payout ratio is an exceptionally high 535.71%, signaling potential sustainability concerns.

Deprince Race & Zollo Inc. boosted its stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 27.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,530,994 shares of the company's stock after buying an additional 541,638 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 3.71% of MillerKnoll worth $46,267,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. SG Americas Securities LLC boosted its stake in MillerKnoll by 755.0% in the fourth quarter. SG Americas Securities LLC now owns 478,727 shares of the company's stock worth $8,751,000 after purchasing an additional 422,735 shares in the last quarter. Alliancebernstein L.P. boosted its stake in MillerKnoll by 7.1% in the third quarter. Alliancebernstein L.P. now owns 5,166,059 shares of the company's stock worth $91,646,000 after purchasing an additional 340,917 shares in the last quarter. Jane Street Group LLC boosted its stake in MillerKnoll by 311.8% in the first quarter. Jane Street Group LLC now owns 414,275 shares of the company's stock worth $7,929,000 after purchasing an additional 313,684 shares in the last quarter. Douglas Lane & Associates LLC boosted its stake in MillerKnoll by 92.4% in the fourth quarter. Douglas Lane & Associates LLC now owns 445,145 shares of the company's stock worth $8,137,000 after purchasing an additional 213,816 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in MillerKnoll by 30.4% in the third quarter. Russell Investments Group Ltd. now owns 626,212 shares of the company's stock worth $11,109,000 after purchasing an additional 145,988 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on MLKN. Zacks Research lowered MillerKnoll from a "hold" rating to a "strong sell" rating in a research note on Tuesday, April 7th. Weiss Ratings reissued a "sell (d+)" rating on shares of MillerKnoll in a research note on Monday, December 29th. William Blair began coverage on MillerKnoll in a research note on Tuesday, February 10th. They issued an "outperform" rating on the stock. Finally, Wall Street Zen lowered MillerKnoll from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Reduce".

MillerKnoll Stock Performance

MLKN stock opened at $15.38 on Monday. The company has a market cap of $1.05 billion, a P/E ratio of 109.86, a PEG ratio of 0.70 and a beta of 1.41. MillerKnoll, Inc. has a twelve month low of $13.77 and a twelve month high of $23.18. The company has a quick ratio of 0.92, a current ratio of 1.64 and a debt-to-equity ratio of 0.96. The business has a fifty day moving average of $19.04 and a 200-day moving average of $17.78.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its earnings results on Wednesday, March 25th. The company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.02). The firm had revenue of $926.60 million for the quarter, compared to the consensus estimate of $941.95 million. MillerKnoll had a return on equity of 10.11% and a net margin of 0.28%.The company's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 EPS. As a group, equities research analysts expect that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Saturday, February 28th will be given a dividend of $0.1875 per share. The ex-dividend date is Friday, February 27th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.9%. MillerKnoll's payout ratio is presently 535.71%.

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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