Fuller & Thaler Asset Management Inc. Raises Stock Holdings in MillerKnoll, Inc. $MLKN

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in MillerKnoll by 7.9%, now holding approximately 3.44% of the company, valued at $44.58 million.
• Several institutional investors, including Raymond James and Sterling Capital Management, have also significantly adjusted their positions in MillerKnoll shares during the fourth quarter.
• MillerKnoll recently announced a quarterly dividend of $0.1875 per share, representing a 3.6% annualized yield, despite a negative dividend payout ratio.

Fuller & Thaler Asset Management Inc. lifted its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 7.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,329,264 shares of the company's stock after acquiring an additional 170,504 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 3.44% of MillerKnoll worth $44,582,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MLKN. Raymond James Financial Inc. bought a new position in shares of MillerKnoll during the 4th quarter valued at approximately $773,000. Sterling Capital Management LLC grew its stake in shares of MillerKnoll by 793.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,198 shares of the company's stock valued at $50,000 after acquiring an additional 1,952 shares during the period. Barclays PLC grew its stake in shares of MillerKnoll by 4.9% during the 4th quarter. Barclays PLC now owns 125,186 shares of the company's stock valued at $2,828,000 after acquiring an additional 5,797 shares during the period. First Trust Advisors LP grew its stake in shares of MillerKnoll by 28.9% during the 4th quarter. First Trust Advisors LP now owns 141,554 shares of the company's stock valued at $3,198,000 after acquiring an additional 31,762 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of MillerKnoll by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,820,581 shares of the company's stock valued at $86,306,000 after acquiring an additional 121,478 shares during the period. 87.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MLKN shares. Benchmark upgraded MillerKnoll to a "hold" rating in a research note on Friday, June 27th. Wall Street Zen upgraded MillerKnoll from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

MillerKnoll Price Performance

MLKN stock traded up $1.35 during midday trading on Friday, hitting $22.19. The company's stock had a trading volume of 553,644 shares, compared to its average volume of 374,537. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -39.63, a price-to-earnings-growth ratio of 1.02 and a beta of 1.22. MillerKnoll, Inc. has a 12 month low of $15.25 and a 12 month high of $30.56. The company has a 50 day moving average of $19.80 and a two-hundred day moving average of $18.90. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 1.03.

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

MillerKnoll Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Sunday, August 31st will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, August 29th. MillerKnoll's dividend payout ratio is -133.93%.

About MillerKnoll

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.