MillerKnoll, Inc. $MLKN Shares Acquired by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP has increased its stake in MillerKnoll, Inc. by 11.0%, owning approximately 1.32% of the company worth $17.1 million after acquiring an additional 88,758 shares.
• MillerKnoll recently announced a quarterly dividend of $0.1875, representing an annualized dividend of $0.75 and a yield of 3.5%, despite a reported negative payout ratio of -133.93%.
• The company reported earnings of $0.60 per share, exceeding estimates, with revenue of $961.8 million for the recent quarter, indicating an 8.2% year-over-year growth.

Wellington Management Group LLP increased its position in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 11.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 892,863 shares of the company's stock after acquiring an additional 88,758 shares during the period. Wellington Management Group LLP owned approximately 1.32% of MillerKnoll worth $17,089,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Studio Investment Management LLC increased its holdings in shares of MillerKnoll by 29.9% in the 4th quarter. Studio Investment Management LLC now owns 2,149 shares of the company's stock worth $49,000 after acquiring an additional 495 shares during the period. Summit Securities Group LLC acquired a new stake in shares of MillerKnoll in the 1st quarter worth about $70,000. Headlands Technologies LLC increased its stake in MillerKnoll by 816.5% during the 1st quarter. Headlands Technologies LLC now owns 7,213 shares of the company's stock valued at $138,000 after buying an additional 6,426 shares during the period. Dark Forest Capital Management LP acquired a new position in MillerKnoll during the 4th quarter valued at about $221,000. Finally, Cetera Investment Advisers acquired a new position in MillerKnoll during the 4th quarter valued at about $237,000. Institutional investors and hedge funds own 87.50% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on MLKN. Benchmark raised shares of MillerKnoll to a "hold" rating in a research note on Friday, June 27th. Wall Street Zen raised shares of MillerKnoll from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

MillerKnoll Stock Performance

Shares of MLKN opened at $21.52 on Wednesday. The firm's 50 day moving average is $19.99 and its 200-day moving average is $18.92. The stock has a market capitalization of $1.46 billion, a P/E ratio of -38.43, a P/E/G ratio of 1.01 and a beta of 1.22. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.58 and a quick ratio of 0.94. MillerKnoll, Inc. has a 12-month low of $15.25 and a 12-month high of $30.00.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $961.80 million for 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 business's revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. Equities research analysts anticipate that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Announces Dividend

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