Goldman Sachs Group Inc. Decreases Stock Holdings in MillerKnoll, Inc. $MLKN

Key Points

• Goldman Sachs Group Inc. has reduced its stake in MillerKnoll, Inc. by 28.8% in the first quarter, now holding approximately 0.61% of the company valued at about $7.8 million.
• Despite Goldman Sachs' reduction, other hedge funds have increased their positions in MillerKnoll, such as Studio Investment Management LLC, which boosted its holdings by 29.9%.
• MillerKnoll recently declared a quarterly dividend of $0.1875 per share, with a scheduled payment date of October 15th and a dividend yield of 3.7%.

Goldman Sachs Group Inc. reduced its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 28.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 409,991 shares of the company's stock after selling 165,902 shares during the period. Goldman Sachs Group Inc. owned approximately 0.61% of MillerKnoll worth $7,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Studio Investment Management LLC increased its holdings in shares of MillerKnoll by 29.9% in the fourth quarter. Studio Investment Management LLC now owns 2,149 shares of the company's stock valued at $49,000 after purchasing an additional 495 shares during the period. Summit Securities Group LLC purchased a new stake in shares of MillerKnoll in the first quarter worth about $70,000. Headlands Technologies LLC boosted its position in MillerKnoll by 816.5% during the first quarter. Headlands Technologies LLC now owns 7,213 shares of the company's stock worth $138,000 after purchasing an additional 6,426 shares in the last quarter. Hsbc Holdings PLC boosted its position in MillerKnoll by 7.8% during the first quarter. Hsbc Holdings PLC now owns 10,350 shares of the company's stock worth $201,000 after purchasing an additional 753 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in MillerKnoll during the fourth quarter worth approximately $237,000. 87.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MLKN. Zacks Research upgraded MillerKnoll from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Wall Street Zen downgraded MillerKnoll from a "buy" rating to a "hold" rating in a research report on Sunday. Finally, Benchmark upgraded MillerKnoll to a "hold" rating in a research report on Friday, June 27th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

MillerKnoll Stock Performance

NASDAQ MLKN opened at $20.43 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The business's 50 day moving average is $20.50 and its two-hundred day moving average is $18.78. MillerKnoll, Inc. has a 12-month low of $15.25 and a 12-month high of $28.33. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of -36.48, a PEG ratio of 0.97 and a beta of 1.25.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its earnings results 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. MillerKnoll had a positive return on equity of 10.44% and a negative net margin of 1.01%.The company had revenue of $961.80 million for the quarter, compared to analysts' expectations of $913.80 million. During the same quarter in the previous year, the firm posted $0.67 EPS. The firm's quarterly revenue was up 8.2% on a year-over-year basis. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. Research analysts expect that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Sunday, August 31st will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.75 annualized dividend and a dividend yield of 3.7%. MillerKnoll's 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.

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