UBS Group AG Acquires 148,390 Shares of MillerKnoll, Inc. $MLKN

UBS Group AG grew its holdings in MillerKnoll, Inc. (NASDAQ:MLKN) by 119.5% in the 4th quarter, Holdings Channel reports. The fund owned 272,589 shares of the company’s stock after purchasing an additional 148,390 shares during the quarter. UBS Group AG’s holdings in MillerKnoll were worth $4,983,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Osaic Holdings Inc. boosted its position in shares of MillerKnoll by 36.5% in the second quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after acquiring an additional 519 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of MillerKnoll in the third quarter valued at $72,000. Canada Pension Plan Investment Board acquired a new position in shares of MillerKnoll in the second quarter valued at $82,000. Strs Ohio acquired a new position in shares of MillerKnoll in the third quarter valued at $85,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of MillerKnoll in the third quarter valued at $137,000. 87.50% of the stock is owned by institutional investors.

MillerKnoll Stock Performance

MillerKnoll stock opened at $15.43 on Friday. 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 $16.30 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 110.21, a P/E/G ratio of 0.69 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 Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently commented on MLKN shares. William Blair started coverage on MillerKnoll in a research note on Tuesday, February 10th. They issued an “outperform” rating for the company. Weiss Ratings restated a “sell (d+)” rating on shares of MillerKnoll in a research note on Friday, April 24th. Finally, Zacks Research lowered MillerKnoll from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average 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.