MillerKnoll, Inc. $MLKN Holdings Cut by LSV Asset Management

LSV Asset Management lowered its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 5.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,261,199 shares of the company’s stock after selling 70,000 shares during the period. LSV Asset Management’s holdings in MillerKnoll were worth $22,374,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Deprince Race & Zollo Inc. raised its holdings in shares of MillerKnoll by 10.6% during the third quarter. Deprince Race & Zollo Inc. now owns 1,989,356 shares of the company’s stock worth $35,291,000 after acquiring an additional 191,249 shares in the last quarter. Forager Capital Management LLC increased its position in MillerKnoll by 10.2% in the 2nd quarter. Forager Capital Management LLC now owns 1,301,841 shares of the company’s stock worth $25,282,000 after purchasing an additional 120,000 shares during the last quarter. Bank of America Corp DE raised its stake in shares of MillerKnoll by 12.7% during the 2nd quarter. Bank of America Corp DE now owns 1,040,492 shares of the company’s stock worth $20,206,000 after purchasing an additional 117,000 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of MillerKnoll by 81.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 798,349 shares of the company’s stock valued at $15,504,000 after buying an additional 358,886 shares during the last quarter. Finally, Front Street Capital Management Inc. grew its stake in shares of MillerKnoll by 6.6% in the 2nd quarter. Front Street Capital Management Inc. now owns 649,373 shares of the company’s stock valued at $12,611,000 after buying an additional 40,080 shares in the last quarter. 87.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. William Blair initiated coverage on shares of MillerKnoll in a research report on Tuesday. They set an “outperform” rating on the stock. Zacks Research downgraded shares of MillerKnoll from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Wall Street Zen lowered shares of MillerKnoll from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of MillerKnoll in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

MillerKnoll Price Performance

NASDAQ MLKN opened at $21.78 on Friday. MillerKnoll, Inc. has a 1 year low of $13.77 and a 1 year high of $23.18. The company has a fifty day simple moving average of $19.15 and a 200 day simple moving average of $18.41. The company has a current ratio of 1.66, a quick ratio of 0.95 and a debt-to-equity ratio of 1.02. The company has a market cap of $1.49 billion, a P/E ratio of -55.85, a P/E/G ratio of 0.92 and a beta of 1.33.

MillerKnoll (NASDAQ:MLKN) last announced its earnings results on Wednesday, December 17th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. MillerKnoll had a negative net margin of 0.68% and a positive return on equity of 10.32%. The firm had revenue of $955.20 million for the quarter, compared to the consensus estimate of $943.13 million. During the same quarter last year, the firm posted $0.55 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. MillerKnoll has set its Q3 2026 guidance at 0.420-0.480 EPS. On average, sell-side analysts predict that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Saturday, February 28th will be given 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, February 27th. MillerKnoll’s payout ratio is currently -192.31%.

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.