Hsbc Holdings PLC Purchases 56,927 Shares of MillerKnoll, Inc. $MLKN

Hsbc Holdings PLC grew its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 240.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,559 shares of the company’s stock after buying an additional 56,927 shares during the quarter. Hsbc Holdings PLC’s holdings in MillerKnoll were worth $1,488,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada raised its holdings in shares of 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 acquiring an additional 5,495 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in MillerKnoll by 2.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company’s stock worth $775,000 after acquiring an additional 801 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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 increased its position in MillerKnoll by 311.8% during the 1st quarter. Jane Street Group LLC now owns 414,275 shares of the company’s stock valued at $7,929,000 after purchasing an additional 313,684 shares during the period. Finally, Norges Bank purchased a new position in MillerKnoll during the 2nd quarter valued at about $768,000. Institutional investors own 87.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Zacks Research raised shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Weiss Ratings cut MillerKnoll from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday. Finally, Wall Street Zen upgraded MillerKnoll from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

MillerKnoll Stock Performance

MLKN stock opened at $20.46 on Wednesday. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 0.86 and a beta of 1.41. The firm has a 50-day simple moving average of $16.17 and a two-hundred day simple moving average of $17.84. MillerKnoll, Inc. has a one year low of $13.77 and a one year high of $23.18. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.90 and a current ratio of 1.58.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data 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. MillerKnoll had a net margin of 2.38% and a return on equity of 9.77%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $973.87 million. During the same quarter in the previous year, the firm earned $0.60 EPS. The company’s quarterly revenue 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. On average, equities analysts forecast that MillerKnoll, Inc. will post 1.99 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Saturday, May 30th will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, May 29th. MillerKnoll’s dividend payout ratio (DPR) is 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.