Hotchkis & Wiley Capital Management LLC Acquires 175,648 Shares of MillerKnoll, Inc. $MLKN

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

A number of other institutional investors have also made changes to their positions in the business. Deprince Race & Zollo Inc. acquired a new stake in MillerKnoll in the fourth quarter worth about $32,283,000. LSV Asset Management increased its position in MillerKnoll by 36.4% in the first quarter. LSV Asset Management now owns 1,280,484 shares of the company's stock worth $24,508,000 after purchasing an additional 342,048 shares during the period. Raymond James Financial Inc. increased its position in MillerKnoll by 877.9% in the first quarter. Raymond James Financial Inc. now owns 334,772 shares of the company's stock worth $6,407,000 after purchasing an additional 300,539 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in MillerKnoll in the fourth quarter worth about $6,576,000. Finally, Millennium Management LLC increased its position in MillerKnoll by 43.7% in the fourth quarter. Millennium Management LLC now owns 877,809 shares of the company's stock worth $19,830,000 after purchasing an additional 267,097 shares during the period. 87.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

MillerKnoll Price Performance

Shares of MLKN traded down $0.26 during trading hours on Thursday, hitting $21.26. 333,937 shares of the company were exchanged, compared to its average volume of 531,977. 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, Inc. has a fifty-two week low of $15.25 and a fifty-two week high of $29.77. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -37.96, a P/E/G ratio of 0.99 and a beta of 1.22. The firm's fifty day moving average is $20.08 and its 200 day moving average is $18.94.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The company reported $0.60 earnings per share 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 business had revenue of $961.80 million during the quarter, compared to the consensus estimate of $913.80 million. During the same period in the prior year, the company earned $0.67 EPS. MillerKnoll's revenue for the quarter was up 8.2% on a year-over-year basis. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. On average, equities analysts anticipate that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Sunday, August 31st will be given a $0.1875 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.75 annualized dividend and a yield of 3.5%. MillerKnoll's payout ratio is currently -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.