Hsbc Holdings PLC Boosts Stock Holdings in MillerKnoll, Inc. $MLKN

Hsbc Holdings PLC boosted its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 240.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 80,559 shares of the company’s stock after acquiring an additional 56,927 shares during the period. Hsbc Holdings PLC’s holdings in MillerKnoll were worth $1,488,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MLKN. Royal Bank of Canada raised its stake in MillerKnoll by 39.4% in the first quarter. Royal Bank of Canada now owns 19,451 shares of the company’s stock valued at $373,000 after buying an additional 5,495 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of MillerKnoll by 2.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company’s stock valued at $775,000 after acquiring an additional 801 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of MillerKnoll by 7.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 197,932 shares of the company’s stock worth $3,788,000 after acquiring an additional 13,099 shares in the last quarter. Jane Street Group LLC lifted its stake in MillerKnoll by 311.8% during the first quarter. Jane Street Group LLC now owns 414,275 shares of the company’s stock worth $7,929,000 after purchasing an additional 313,684 shares during the last quarter. Finally, Norges Bank purchased a new stake in MillerKnoll during the second quarter worth approximately $768,000. 87.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MLKN has been the topic of several recent analyst reports. Weiss Ratings lowered shares of MillerKnoll from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, June 26th. Wall Street Zen downgraded shares of MillerKnoll from a “buy” rating to a “hold” rating in a research report on Sunday, July 5th. Finally, Zacks Research upgraded shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

MillerKnoll Stock Performance

Shares of MillerKnoll stock traded up $0.18 on Friday, hitting $20.16. The stock had a trading volume of 408,155 shares, compared to its average volume of 1,033,265. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 0.83 and a beta of 1.36. 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, Inc. has a 52-week low of $13.77 and a 52-week high of $23.18. The company’s 50 day moving average price is $16.72 and its 200 day moving average price is $18.02.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings results on Wednesday, June 24th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $973.87 million. MillerKnoll had a return on equity of 9.77% and a net margin of 2.38%.The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. 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 anticipate that MillerKnoll, Inc. will post 2.02 EPS for the current year.

MillerKnoll Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Saturday, May 30th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, May 29th. MillerKnoll’s payout ratio is presently 56.82%.

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.