MillerKnoll, Inc. $MLKN Shares Newly Purchased by Bank of America Corp DE

Key Points

• Bank of America acquired 562,012 MillerKnoll shares worth approximately $11.5 million, representing about 0.83% of the company. Institutional investors collectively own 87.5% of outstanding shares.
• MillerKnoll’s latest earnings beat expectations at $0.53 per share versus the $0.35 consensus, but revenue declined 3.4% year over year to $923.4 million and missed estimates.
• Analysts maintain a broadly cautious outlook, with a consensus “Hold” rating. The company also announced a quarterly dividend of $0.1875 per share, implying a 3.7% annualized yield.

Bank of America Corp DE purchased a new stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 562,012 shares of the company's stock, valued at approximately $11,499,000. Bank of America Corp DE owned about 0.83% of MillerKnoll as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of MillerKnoll during the second quarter worth approximately $213,054,000. Renaissance Technologies LLC acquired a new stake in shares of MillerKnoll in the first quarter worth $2,692,000. Hsbc Holdings PLC increased its position in MillerKnoll by 240.9% during the fourth quarter. Hsbc Holdings PLC now owns 80,559 shares of the company's stock worth $1,488,000 after acquiring an additional 56,927 shares during the period. Pzena Investment Management LLC bought a new position in MillerKnoll during the second quarter worth $62,049,000. Finally, Deutsche Bank AG acquired a new position in MillerKnoll during the 2nd quarter valued at $1,457,000. 87.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Weiss Ratings raised shares of MillerKnoll from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Benchmark raised MillerKnoll to a "hold" rating in a research report on Thursday, September 17th. Finally, Wall Street Zen lowered MillerKnoll from a "buy" rating to a "hold" rating in a research note on Sunday, July 26th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, MillerKnoll presently has a consensus rating of "Hold".

MillerKnoll News Summary

Here are the key news stories impacting MillerKnoll this week:

• Positive Sentiment: An article highlights MillerKnoll’s growing order book as a potential signal of improving demand and future revenue visibility. If orders convert into shipments and profitability, this could support the stock’s valuation. Is MillerKnoll’s Growing Order Book a Buy Signal?
• Positive Sentiment: MillerKnoll’s latest quarterly results provided support: adjusted earnings of $0.53 per share exceeded the $0.35 consensus estimate. However, revenue of $923.4 million fell short of expectations and declined 3.4% year over year.
• Positive Sentiment: MillerKnoll was included in a list of analysts’ top North American stock picks, which may improve investor sentiment and visibility. Analysts’ Top North American Picks: MillerKnoll
• Neutral Sentiment: A September short-interest report listed 0 shares short and a 0.0-day days-to-cover ratio. That suggests little reported short-selling pressure, although the figure may reflect a reporting or data issue rather than a meaningful change in investor positioning.
• Negative Sentiment: Sidoti’s revisions were mixed but broadly cautious. The firm raised estimates for Q2 2027 and Q2 2028, while cutting estimates for Q3 and Q4 2027, Q1, Q3 and Q4 2028, and full-year 2027 and 2028. FY2027 EPS was reduced to $1.99 from $2.01, while FY2028 EPS fell to $2.34 from $2.46.

MillerKnoll Trading Up 0.8%

Shares of MLKN stock opened at $20.06 on Friday. MillerKnoll, Inc. has a 52-week low of $13.77 and a 52-week high of $24.71. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 0.82 and a beta of 1.36. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.90 and a current ratio of 1.65. The firm has a fifty day moving average of $22.42 and a 200-day moving average of $18.89.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its quarterly earnings results on Tuesday, September 22nd. The company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.18. The firm had revenue of $923.40 million during the quarter, compared to analysts' expectations of $940.93 million. MillerKnoll had a net margin of 2.57% and a return on equity of 10.10%. The company's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 earnings per share. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q2 2027 guidance at 0.430-0.490 EPS. On average, equities research analysts forecast that MillerKnoll, Inc. will post 2.02 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Saturday, August 29th will be given a dividend of $0.1875 per share. The ex-dividend date is Friday, August 28th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.7%. MillerKnoll's dividend payout ratio (DPR) is 53.19%.

About MillerKnoll

MillerKnoll, Inc is a global design company that develops, manufactures and sells furnishings and related products for workplace, healthcare, education, hospitality and residential environments. Its portfolio includes furniture for offices and homes, seating, desks, tables, storage systems, lighting, textiles and accessories, as well as products intended to support collaboration and flexible workspaces.

The company operates a collection of design-focused brands, including Herman Miller, Knoll, Design Within Reach, Muuto, HAY, Maharam and Geiger.

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