LSV Asset Management Has $24.92 Million Position in MillerKnoll, Inc. $MLKN

LSV Asset Management increased its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,363,446 shares of the company’s stock after buying an additional 102,247 shares during the period. LSV Asset Management’s holdings in MillerKnoll were worth $24,924,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its holdings in MillerKnoll by 36.5% in the second quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock worth $38,000 after buying an additional 519 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in MillerKnoll in the third quarter worth approximately $72,000. Canada Pension Plan Investment Board acquired a new position in MillerKnoll in the second quarter worth approximately $82,000. Strs Ohio acquired a new position in MillerKnoll in the third quarter worth approximately $85,000. Finally, Harbor Capital Advisors Inc. grew its holdings in MillerKnoll by 9.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 7,676 shares of the company’s stock valued at $140,000 after purchasing an additional 690 shares during the last quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll Stock Performance

MillerKnoll stock opened at $15.45 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.64 and a quick ratio of 0.92. The stock has a fifty day moving average price of $16.23 and a two-hundred day moving average price of $17.62. MillerKnoll, Inc. has a 52-week low of $13.77 and a 52-week high of $23.18. The firm has a market capitalization of $1.06 billion, a P/E ratio of 110.36, a P/E/G ratio of 0.70 and a beta of 1.41.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings data on Wednesday, March 25th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.02). MillerKnoll had a return on equity of 10.11% and a net margin of 0.28%.The company had revenue of $926.60 million for the quarter, compared to analyst estimates of $941.95 million. During the same quarter in the prior year, the company earned $0.44 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. As a group, analysts anticipate that MillerKnoll, Inc. will post 1.83 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Saturday, May 30th will be given a dividend of $0.1875 per share. The ex-dividend date is Friday, May 29th. This represents a $0.75 annualized dividend and a yield of 4.9%. MillerKnoll’s dividend payout ratio is 535.71%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Zacks Research downgraded MillerKnoll from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of MillerKnoll in a report on Friday, April 24th. Finally, William Blair assumed coverage on MillerKnoll in a report on Tuesday, February 10th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, MillerKnoll presently has a consensus rating of “Reduce”.

MillerKnoll Company 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.