MillerKnoll, Inc. $MLKN Stock Position Reduced by Vulcan Value Partners LLC

Vulcan Value Partners LLC decreased its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 36.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 838,151 shares of the company’s stock after selling 486,458 shares during the quarter. MillerKnoll makes up about 0.5% of Vulcan Value Partners LLC’s holdings, making the stock its 25th biggest position. Vulcan Value Partners LLC’s holdings in MillerKnoll were worth $17,149,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Osaic Holdings Inc. boosted its position in MillerKnoll by 36.5% during the second quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after purchasing an additional 519 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of MillerKnoll by 4.4% during the 4th quarter. ProShare Advisors LLC now owns 13,308 shares of the company’s stock valued at $243,000 after buying an additional 558 shares during the last quarter. Versant Capital Management Inc increased its holdings in MillerKnoll by 166.5% in the second quarter. Versant Capital Management Inc now owns 1,250 shares of the company’s stock worth $26,000 after buying an additional 781 shares during the last quarter. Rexford Capital Inc. raised its position in MillerKnoll by 17.0% during the fourth quarter. Rexford Capital Inc. now owns 5,500 shares of the company’s stock valued at $101,000 after acquiring an additional 800 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in MillerKnoll by 2.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company’s stock valued at $775,000 after acquiring an additional 801 shares during the last quarter. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MLKN shares. Wall Street Zen cut MillerKnoll from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Zacks Research upgraded shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings raised shares of MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, MillerKnoll currently has a consensus rating of “Hold”.

MillerKnoll Stock Performance

Shares of NASDAQ:MLKN traded down $0.71 on Tuesday, hitting $22.21. 593,513 shares of the company were exchanged, compared to its average volume of 740,798. The company’s 50 day moving average price is $22.42 and its two-hundred day moving average price is $18.88. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 0.95 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 1.58. MillerKnoll, Inc. has a one year low of $13.77 and a one year high of $24.71.

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

MillerKnoll Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Saturday, August 29th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, August 28th. MillerKnoll’s dividend payout ratio (DPR) is presently 56.82%.

MillerKnoll Profile

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.