MillerKnoll, Inc. $MLKN Shares Bought by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in MillerKnoll by 26.4%, owning approximately 1.24% of the company, valued at $16.08 million following the acquisition of 175,648 additional shares.
• MillerKnoll’s recent quarterly earnings report showed a revenue increase of 8.2% year-over-year, with earnings per share of $0.60, surpassing analyst expectations.
• The company announced a quarterly dividend of $0.1875 per share, with a dividend yield of 3.4%, scheduled for payment on October 15th to shareholders of record on August 31st.

Hotchkis & Wiley Capital Management LLC lifted its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 26.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 839,998 shares of the company's stock after buying an additional 175,648 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 1.24% of MillerKnoll worth $16,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in MLKN. Studio Investment Management LLC increased its holdings in shares of MillerKnoll by 29.9% during the 4th quarter. Studio Investment Management LLC now owns 2,149 shares of the company's stock worth $49,000 after buying an additional 495 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of MillerKnoll in the 1st quarter worth approximately $70,000. Headlands Technologies LLC lifted its holdings in shares of MillerKnoll by 816.5% in the 1st quarter. Headlands Technologies LLC now owns 7,213 shares of the company's stock worth $138,000 after acquiring an additional 6,426 shares during the last quarter. Allianz Asset Management GmbH acquired a new position in shares of MillerKnoll in the 1st quarter worth approximately $201,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of MillerKnoll by 7.8% in the 1st quarter. Hsbc Holdings PLC now owns 10,350 shares of the company's stock worth $201,000 after acquiring an additional 753 shares during the last quarter. Institutional investors and hedge funds own 87.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MLKN shares. Benchmark upgraded shares of MillerKnoll to a "hold" rating in a report on Friday, June 27th. Zacks Research upgraded shares of MillerKnoll from a "strong sell" rating to a "hold" rating in a report on Monday. Finally, Wall Street Zen raised MillerKnoll from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, MillerKnoll has an average rating of "Hold".

MillerKnoll Price Performance

Shares of MLKN traded down $0.06 on Friday, reaching $21.01. The stock had a trading volume of 59,780 shares, compared to its average volume of 529,071. The firm has a market capitalization of $1.42 billion, a PE ratio of -37.48, a PEG ratio of 0.99 and a beta of 1.22. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 1.03. The firm has a 50-day moving average of $20.17 and a 200 day moving average of $18.93. MillerKnoll, Inc. has a twelve month low of $15.25 and a twelve month high of $29.77.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its quarterly earnings results on Wednesday, June 25th. The company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates 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 was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. Sell-side analysts expect that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Sunday, August 31st will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, August 29th. MillerKnoll's dividend payout ratio is -133.93%.

MillerKnoll Company 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.