MillerKnoll, Inc. $MLKN Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 755.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 478,727 shares of the company’s stock after buying an additional 422,735 shares during the quarter. SG Americas Securities LLC’s holdings in MillerKnoll were worth $8,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in MLKN. Royal Bank of Canada boosted its holdings in MillerKnoll by 39.4% in the first quarter. Royal Bank of Canada now owns 19,451 shares of the company’s stock worth $373,000 after acquiring 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% 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 acquiring an additional 801 shares in 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% in 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 valued at $3,788,000 after purchasing an additional 13,099 shares during the last quarter. Jane Street Group LLC boosted its stake in MillerKnoll by 311.8% in the 1st 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 in the last quarter. Finally, Legal & General Group Plc boosted its stake in MillerKnoll by 0.4% in the 2nd quarter. Legal & General Group Plc now owns 192,219 shares of the company’s stock worth $3,733,000 after purchasing an additional 678 shares in the last quarter. 87.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on MLKN. Zacks Research lowered shares of MillerKnoll from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Weiss Ratings reiterated a “sell (d+)” rating on shares of MillerKnoll in a research note on Monday, December 29th. Wall Street Zen lowered shares of MillerKnoll from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, William Blair assumed coverage on MillerKnoll in a research note on Tuesday, February 10th. They issued an “outperform” rating for the company. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, MillerKnoll presently has an average rating of “Hold”.

MillerKnoll Price Performance

Shares of NASDAQ:MLKN opened at $14.09 on Tuesday. MillerKnoll, Inc. has a twelve month low of $13.77 and a twelve month high of $23.18. The company has a current ratio of 1.64, a quick ratio of 0.92 and a debt-to-equity ratio of 0.96. The company has a market cap of $961.64 million, a PE ratio of 100.64, a price-to-earnings-growth ratio of 0.69 and a beta of 1.31. The company’s 50 day moving average is $19.94 and its 200 day moving average is $18.10.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings data on Wednesday, March 25th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.02). The business had revenue of $926.60 million for the quarter, compared to analyst estimates of $941.95 million. MillerKnoll had a net margin of 0.28% and a return on equity of 10.11%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. On average, sell-side analysts forecast that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Announces Dividend

The firm also recently announced 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. The ex-dividend date is Friday, February 27th. This represents a $0.75 dividend on an annualized basis and a yield of 5.3%. MillerKnoll’s payout ratio is currently 535.71%.

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.