Goldman Sachs Group Inc. Trims Stake in MillerKnoll, Inc. $MLKN

Goldman Sachs Group Inc. lowered its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 28.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 409,991 shares of the company’s stock after selling 165,902 shares during the quarter. Goldman Sachs Group Inc.’s holdings in MillerKnoll were worth $7,847,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of MLKN. LSV Asset Management raised its holdings in MillerKnoll by 36.4% in the 1st quarter. LSV Asset Management now owns 1,280,484 shares of the company’s stock valued at $24,508,000 after acquiring an additional 342,048 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of MillerKnoll by 311.8% during the 1st quarter. Jane Street Group LLC now owns 414,275 shares of the company’s stock worth $7,929,000 after buying an additional 313,684 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of MillerKnoll by 877.9% during the 1st quarter. Raymond James Financial Inc. now owns 334,772 shares of the company’s stock worth $6,407,000 after buying an additional 300,539 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of MillerKnoll during the 4th quarter worth $6,576,000. Finally, Millennium Management LLC increased its holdings in shares of MillerKnoll by 43.7% during the 4th quarter. Millennium Management LLC now owns 877,809 shares of the company’s stock worth $19,830,000 after buying an additional 267,097 shares during the last quarter. 87.50% of the stock is currently owned by institutional investors and hedge funds.

MillerKnoll Stock Down 3.1%

Shares of NASDAQ MLKN opened at $20.43 on Friday. MillerKnoll, Inc. has a 12-month low of $15.25 and a 12-month high of $28.33. The company has a market cap of $1.40 billion, a P/E ratio of -36.48, a P/E/G ratio of 0.97 and a beta of 1.25. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The stock has a fifty day moving average price of $20.50 and a 200 day moving average price of $18.78.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings results on Wednesday, June 25th. The company reported $0.60 earnings per share (EPS) for the quarter, beating 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 firm 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 firm earned $0.67 EPS. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. Research analysts anticipate that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The company 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. This represents a $0.75 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, August 29th. MillerKnoll’s dividend payout ratio is presently -133.93%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MLKN. Benchmark upgraded MillerKnoll to a “hold” rating in a report on Friday, June 27th. Wall Street Zen downgraded MillerKnoll from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Zacks Research upgraded MillerKnoll from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently 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.