Pzena Investment Management LLC Acquires Shares of 1,995,737 MillerKnoll, Inc. $MLKN

Pzena Investment Management LLC bought a new position in MillerKnoll, Inc. (NASDAQ:MLKN) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,995,737 shares of the company’s stock, valued at approximately $28,858,000. Pzena Investment Management LLC owned approximately 2.92% of MillerKnoll at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of MillerKnoll by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 8,550,194 shares of the company’s stock valued at $156,298,000 after purchasing an additional 623,035 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in MillerKnoll by 27.2% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,530,994 shares of the company’s stock worth $46,267,000 after buying an additional 541,638 shares during the last quarter. SG Americas Securities LLC boosted its stake in MillerKnoll by 755.0% during the fourth quarter. SG Americas Securities LLC now owns 478,727 shares of the company’s stock worth $8,751,000 after buying an additional 422,735 shares during the last quarter. Wellington Management Group LLP grew its holdings in MillerKnoll by 46.4% in the 4th quarter. Wellington Management Group LLP now owns 1,305,280 shares of the company’s stock valued at $23,861,000 after buying an additional 413,531 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of MillerKnoll by 7.1% in the 3rd quarter. Alliancebernstein L.P. now owns 5,166,059 shares of the company’s stock worth $91,646,000 after acquiring an additional 340,917 shares during the last quarter. 87.50% of the stock is currently owned by institutional investors and hedge funds.

MillerKnoll Stock Up 3.5%

Shares of NASDAQ:MLKN opened at $21.18 on Thursday. The business has a 50-day moving average price of $16.24 and a 200 day moving average price of $17.87. The company has a current ratio of 1.58, a quick ratio of 0.90 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 0.86 and a beta of 1.35. MillerKnoll, Inc. has a 12-month low of $13.77 and a 12-month high of $23.18.

MillerKnoll (NASDAQ:MLKN) last posted its earnings results on Wednesday, June 24th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. MillerKnoll had a net margin of 2.38% and a return on equity of 9.77%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $973.87 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. MillerKnoll’s revenue for the quarter was up 4.4% compared to the same quarter last year. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. Sell-side analysts expect that MillerKnoll, Inc. will post 1.99 EPS for the current year.

MillerKnoll Announces Dividend

The business also recently disclosed 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 of this dividend is Friday, May 29th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.5%. MillerKnoll’s dividend payout ratio (DPR) is presently 56.82%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings lowered MillerKnoll from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, June 26th. Zacks Research upgraded shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen raised shares of MillerKnoll from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

MillerKnoll 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.