MillerKnoll, Inc. $MLKN Stake Reduced by Pzena Investment Management LLC

Pzena Investment Management LLC reduced its holdings in MillerKnoll, Inc. (NASDAQ:MLKN) by 4.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,901,715 shares of the company’s stock after selling 130,985 shares during the quarter. Pzena Investment Management LLC’s holdings in MillerKnoll were worth $57,048,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in shares of MillerKnoll during the 2nd quarter valued at about $41,000. Nykredit A S purchased a new position in shares of MillerKnoll during the second quarter worth about $28,000. Amundi purchased a new position in shares of MillerKnoll during the second quarter worth about $373,000. HighTower Advisors LLC bought a new position in shares of MillerKnoll in the second quarter worth approximately $236,000. Finally, Susquehanna Fundamental Investments LLC increased its position in shares of MillerKnoll by 48.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 170,612 shares of the company’s stock worth $3,491,000 after purchasing an additional 55,307 shares during the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MLKN shares. Weiss Ratings raised shares of MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Benchmark raised shares of MillerKnoll from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Finally, Wall Street Zen raised shares of MillerKnoll from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

MillerKnoll Stock Up 6.3%

MLKN opened at $22.77 on Thursday. The business’s fifty day simple moving average is $21.23 and its 200 day simple moving average is $19.53. MillerKnoll, Inc. has a 52 week low of $13.77 and a 52 week high of $24.71. The company has a quick ratio of 0.90, a current ratio of 1.65 and a debt-to-equity ratio of 0.94. The stock has a market cap of $1.57 billion, a PE ratio of 11.05, a P/E/G ratio of 0.88 and a beta of 1.37.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Tuesday, September 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.18. MillerKnoll had a return on equity of 10.10% and a net margin of 2.57%. The firm had revenue of $923.40 million during the quarter, compared to analyst estimates of $940.93 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue was down 3.4% compared to the same quarter last year. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q2 2027 guidance at 0.430-0.490 EPS. As a group, research analysts expect that MillerKnoll, Inc. will post 2.02 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Saturday, November 28th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, November 27th. MillerKnoll’s dividend payout ratio (DPR) is currently 53.19%.

MillerKnoll Company Profile

MillerKnoll, Inc is a global design company that develops and sells furnishings, accessories and related products for workplaces, homes, healthcare facilities, educational institutions and hospitality environments. Its offerings include office seating, desks, tables, storage, lighting, textiles and architectural products, along with residential furniture and decorative accessories.

The company markets products through a portfolio of brands that includes Herman Miller, Knoll, Design Within Reach, HAY, Muuto, Maharam, Geiger, Holly Hunt, Edelman Leather, DatesWeiser and Colebrook Bosson Saunders.