Landscape Capital Management L.L.C. Invests $2.23 Million in MillerKnoll, Inc. $MLKN

Key Points

• Landscape Capital Management purchased 108,835 MillerKnoll shares worth approximately $2.23 million, giving it a 0.16% stake. Institutional investors collectively own 87.5% of the company.
• MillerKnoll’s latest quarterly results exceeded expectations, with adjusted EPS of $0.55 versus the $0.52 consensus and revenue of $1 billion, up 4.4% year over year.
• The company announced a quarterly dividend of $0.1875, equivalent to $0.75 annually and a 3.3% yield. Analysts maintain an overall “Hold” rating, while shares recently traded near $23.03.

Landscape Capital Management L.L.C. bought a new position in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 108,835 shares of the company's stock, valued at approximately $2,227,000. Landscape Capital Management L.L.C. owned approximately 0.16% of MillerKnoll at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC purchased a new position in MillerKnoll in the 1st quarter worth approximately $26,000. Versant Capital Management Inc boosted its stake in MillerKnoll by 166.5% in the 2nd quarter. Versant Capital Management Inc now owns 1,250 shares of the company's stock worth $26,000 after purchasing an additional 781 shares during the period. Osaic Holdings Inc. grew its holdings in MillerKnoll by 36.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,941 shares of the company's stock valued at $38,000 after buying an additional 519 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new stake in MillerKnoll during the 4th quarter valued at approximately $46,000. Finally, KBC Group NV raised its position in shares of MillerKnoll by 92.1% during the first quarter. KBC Group NV now owns 3,803 shares of the company's stock valued at $55,000 after buying an additional 1,823 shares during the last quarter. Institutional investors own 87.50% of the company's stock.

MillerKnoll Price Performance

Shares of MillerKnoll stock opened at $23.03 on Friday. The stock has a 50 day moving average of $21.16 and a 200 day moving average of $18.82. MillerKnoll, Inc. has a 12 month low of $13.77 and a 12 month high of $24.71. The firm has a market cap of $1.57 billion, a PE ratio of 17.45, a PEG ratio of 0.95 and a beta of 1.36. The company has a current ratio of 1.58, a quick ratio of 0.90 and a debt-to-equity ratio of 0.94.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its quarterly earnings data on Wednesday, June 24th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.03. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $973.87 million. MillerKnoll had a return on equity of 9.77% and a net margin of 2.38%.The company's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. On average, research analysts expect that MillerKnoll, Inc. will post 2.02 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Saturday, August 29th will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.3%. MillerKnoll's dividend payout ratio (DPR) is 56.82%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MLKN shares. Weiss Ratings raised shares of MillerKnoll from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Zacks Research raised shares of MillerKnoll from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen downgraded shares of MillerKnoll from a "buy" rating to a "hold" rating in a report on Sunday, July 26th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, MillerKnoll has an average rating of "Hold".

About MillerKnoll

MillerKnoll, Inc NASDAQ: MLKN is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.

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