Landscape Capital Management L.L.C. Takes $2.23 Million Position in MillerKnoll, Inc. $MLKN

Landscape Capital Management L.L.C. purchased a new stake in MillerKnoll, Inc. (NASDAQ:MLKN) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 108,835 shares of the company’s stock, valued at approximately $2,227,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC bought a new stake in MillerKnoll during the first quarter worth approximately $26,000. Versant Capital Management Inc raised its position in MillerKnoll by 166.5% during the second quarter. Versant Capital Management Inc now owns 1,250 shares of the company’s stock valued at $26,000 after purchasing an additional 781 shares during the period. Osaic Holdings Inc. raised 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 period. Lloyd Advisory Services LLC. bought a new stake in shares of MillerKnoll in the 4th quarter valued at approximately $46,000. Finally, KBC Group NV lifted its stake in shares of MillerKnoll by 92.1% in the 1st quarter. KBC Group NV now owns 3,803 shares of the company’s stock valued at $55,000 after purchasing an additional 1,823 shares during the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

MillerKnoll Stock Up 1.2%

Shares of NASDAQ MLKN opened at $23.03 on Friday. MillerKnoll, Inc. has a 1 year low of $13.77 and a 1 year high of $24.71. The firm has a 50-day simple moving average of $21.16 and a two-hundred day simple moving average of $18.82. The company has a market cap of $1.57 billion, a P/E ratio of 17.45, a PEG ratio of 0.95 and a beta of 1.36. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 0.90.

MillerKnoll (NASDAQ:MLKN) last released its earnings results on Wednesday, June 24th. The company reported $0.55 EPS for the quarter, beating 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 firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $973.87 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. 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 anticipate that MillerKnoll, Inc. will post 2.02 earnings per share for the current year.

MillerKnoll Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Saturday, August 29th will be issued 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 yield of 3.3%. MillerKnoll’s payout ratio is presently 56.82%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded MillerKnoll from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Zacks Research upgraded MillerKnoll from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings upgraded MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, MillerKnoll presently has a consensus rating of “Hold”.

About MillerKnoll

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.