Goldman Sachs Group Inc. Decreases Stock Position 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. lessened its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 28.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 409,991 shares of the company's stock after selling 165,902 shares during the period. Goldman Sachs Group Inc. owned 0.61% of MillerKnoll worth $7,847,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MLKN. Cetera Investment Advisers bought a new position in shares of MillerKnoll in the 4th quarter worth about $237,000. Deutsche Bank AG raised its position in shares of MillerKnoll by 46.1% in the fourth quarter. Deutsche Bank AG now owns 62,155 shares of the company's stock worth $1,404,000 after buying an additional 19,611 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in MillerKnoll by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,679 shares of the company's stock valued at $896,000 after acquiring an additional 1,508 shares during the last quarter. Millennium Management LLC grew its stake in shares of MillerKnoll by 43.7% during the fourth quarter. Millennium Management LLC now owns 877,809 shares of the company's stock valued at $19,830,000 after buying an additional 267,097 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in MillerKnoll by 44.4% during the 4th quarter. ProShare Advisors LLC now owns 21,012 shares of the company's stock valued at $475,000 after acquiring an additional 6,457 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company's stock.

MillerKnoll Stock Performance

Shares of NASDAQ:MLKN traded down $0.19 during midday trading on Friday, hitting $20.25. The stock had a trading volume of 172,718 shares, compared to its average volume of 516,216. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. MillerKnoll, Inc. has a 1 year low of $15.25 and a 1 year high of $25.96. The stock has a 50 day moving average price of $20.46 and a two-hundred day moving average price of $18.77. The company has a market capitalization of $1.39 billion, a PE ratio of -36.21, a P/E/G ratio of 0.92 and a beta of 1.25.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its earnings results on Wednesday, June 25th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.16. The company had revenue of $961.80 million during the quarter, compared to analysts' expectations of $913.80 million. MillerKnoll had a negative net margin of 1.01% and a positive return on equity of 10.44%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 earnings per share. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. As a group, equities analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Sunday, August 31st will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, August 29th. MillerKnoll's payout ratio is presently -133.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MLKN shares. Benchmark upgraded shares of MillerKnoll to a "hold" rating in a research note on Friday, June 27th. Wall Street Zen downgraded shares of MillerKnoll from a "buy" rating to a "hold" rating in a research note on Sunday, September 14th. Finally, Zacks Research upgraded 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 MarketBeat.com, the company has an average 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.