Dimensional Fund Advisors LP Acquires 103,372 Shares of MillerKnoll, Inc. $MLKN

Key Points

• Dimensional Fund Advisors increased its MillerKnoll stake by 2.9%, purchasing 103,372 shares to own 3.61 million shares valued at approximately $52.2 million. Institutional investors collectively hold 87.5% of the company.
• MillerKnoll reported quarterly EPS of $0.55, exceeding estimates of $0.52, while revenue rose 4.4% year over year to $1 billion. Analysts have a consensus “Hold” rating on the stock.
• The company declared a quarterly dividend of $0.1875 per share, representing an annualized dividend of $0.75 and a yield of approximately 3.3%.

Dimensional Fund Advisors LP lifted its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,610,776 shares of the company's stock after purchasing an additional 103,372 shares during the quarter. Dimensional Fund Advisors LP owned 5.28% of MillerKnoll worth $52,211,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in MillerKnoll by 7.9% during the fourth quarter. Vanguard Group Inc. now owns 8,550,194 shares of the company's stock valued at $156,298,000 after purchasing an additional 623,035 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of MillerKnoll by 7.1% in the 3rd quarter. Alliancebernstein L.P. now owns 5,166,059 shares of the company's stock worth $91,646,000 after buying an additional 340,917 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of MillerKnoll by 27.2% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,530,994 shares of the company's stock worth $46,267,000 after buying an additional 541,638 shares during the last quarter. Pzena Investment Management LLC bought a new position in shares of MillerKnoll in the 1st quarter worth $28,858,000. Finally, Invesco Ltd. raised its position in shares of MillerKnoll by 8.0% during the 4th quarter. Invesco Ltd. now owns 1,956,425 shares of the company's stock valued at $35,763,000 after buying an additional 145,544 shares in the last quarter. 87.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MLKN has been the subject of a number of research analyst reports. Zacks Research raised shares of MillerKnoll from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 26th. Weiss Ratings raised MillerKnoll from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, July 24th. Finally, Wall Street Zen downgraded MillerKnoll from a "buy" rating to a "hold" rating in a research report on Sunday, July 26th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

MillerKnoll Price Performance

MLKN stock opened at $22.52 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.90 and a current ratio of 1.58. MillerKnoll, Inc. has a 52 week low of $13.77 and a 52 week high of $23.77. The firm's fifty day moving average is $18.67 and its 200 day moving average is $18.37. The firm has a market cap of $1.53 billion, a P/E ratio of 17.06, a P/E/G ratio of 0.93 and a beta of 1.35.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its earnings results on Wednesday, June 24th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.03. The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $973.87 million. MillerKnoll had a net margin of 2.38% and a return on equity of 9.77%. The firm's revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. Research analysts predict that MillerKnoll, Inc. will post 2.02 earnings per share for the current year.

MillerKnoll Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Saturday, August 29th will be issued a $0.1875 dividend. The ex-dividend date is Friday, August 28th. This represents a $0.75 annualized dividend and a dividend yield of 3.3%. MillerKnoll's payout ratio is currently 56.82%.

MillerKnoll 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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