Vanguard Group Inc. Sells 275,300 Shares of MillerKnoll, Inc. $MLKN

Key Points

• Vanguard Group Inc. reduced its stake in MillerKnoll, Inc. by 3.3% in Q1, ending with 8,027,225 shares worth approximately $153.64 million.
• MillerKnoll reported Q2 earnings of $0.60 per share, surpassing analysts' expectations of $0.44, with revenue up 8.2% year-over-year.
• The company announced a quarterly dividend of $0.1875 per share, representing an annualized yield of 3.5%, despite a negative dividend payout ratio of -133.93%.

Vanguard Group Inc. cut its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,027,225 shares of the company's stock after selling 275,300 shares during the period. Vanguard Group Inc. owned about 11.85% of MillerKnoll worth $153,641,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Studio Investment Management LLC increased its holdings in shares of MillerKnoll by 29.9% during the fourth quarter. Studio Investment Management LLC now owns 2,149 shares of the company's stock worth $49,000 after buying an additional 495 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of MillerKnoll by 793.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,198 shares of the company's stock worth $50,000 after buying an additional 1,952 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in shares of MillerKnoll during the fourth quarter worth $221,000. Cetera Investment Advisers acquired a new position in shares of MillerKnoll during the fourth quarter worth $237,000. Finally, Allianz Asset Management GmbH acquired a new position in shares of MillerKnoll during the first quarter worth $201,000. 87.50% of the stock is currently owned by institutional investors and hedge funds.

MillerKnoll Trading Down 1.7%

MLKN traded down $0.38 during trading on Tuesday, reaching $21.52. 490,927 shares of the stock traded hands, compared to its average volume of 376,607. 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 stock has a market capitalization of $1.46 billion, a PE ratio of -38.43, a P/E/G ratio of 1.01 and a beta of 1.22. The stock's 50-day moving average is $19.99 and its 200 day moving average is $18.92. 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 issued its quarterly earnings results on Wednesday, June 25th. The company reported $0.60 EPS for the quarter, beating 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 negative net margin of 1.01% and a positive return on equity of 10.44%. The business's quarterly 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 earnings per share. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. Equities analysts anticipate that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Sunday, August 31st will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.75 dividend on an annualized basis and a yield of 3.5%. MillerKnoll's dividend payout ratio is -133.93%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of MillerKnoll from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Benchmark upgraded MillerKnoll to a "hold" rating in a report on Friday, June 27th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, MillerKnoll currently has an average rating of "Hold".

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.