Jupiter Topco LLC Acquires Shares of 32,216 MillerKnoll, Inc. $MLKN

Jupiter Topco LLC bought a new position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 32,216 shares of the company’s stock, valued at approximately $659,000.

Several other institutional investors have also recently made changes to their positions in MLKN. Osaic Holdings Inc. boosted its position in shares of 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 in the last quarter. ProShare Advisors LLC raised its holdings in MillerKnoll by 4.4% in the fourth quarter. ProShare Advisors LLC now owns 13,308 shares of the company’s stock worth $243,000 after purchasing an additional 558 shares in the last quarter. Versant Capital Management Inc raised 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 purchasing an additional 781 shares in the last quarter. Rexford Capital Inc. lifted 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 buying an additional 800 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in MillerKnoll by 2.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company’s stock valued at $775,000 after buying an additional 801 shares during the period. Institutional investors own 87.50% of the company’s stock.

MillerKnoll Price Performance

Shares of MLKN stock opened at $22.92 on Monday. The company has a 50 day simple moving average of $22.37 and a two-hundred day simple moving average of $18.87. The stock has a market cap of $1.58 billion, a P/E ratio of 17.36, a P/E/G ratio of 0.95 and a beta of 1.36. MillerKnoll, Inc. has a 12 month low of $13.77 and a 12 month high of $24.71. The company has a current ratio of 1.58, a quick ratio of 0.90 and a debt-to-equity ratio of 0.94.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings data on Wednesday, June 24th. The company reported $0.55 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $973.87 million. During the same period in the prior year, the business posted $0.60 EPS. MillerKnoll’s 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. On average, research analysts expect that MillerKnoll, Inc. will post 2.02 earnings per share for the current year.

MillerKnoll Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Saturday, August 29th will be paid 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 dividend payout ratio (DPR) is presently 56.82%.

Analysts Set New Price Targets

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