MillerKnoll, Inc. $MLKN Shares Sold by LSV Asset Management

LSV Asset Management cut its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 5.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,261,199 shares of the company’s stock after selling 70,000 shares during the period. LSV Asset Management owned approximately 1.84% of MillerKnoll worth $22,374,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its position in shares of MillerKnoll by 81.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 798,349 shares of the company’s stock valued at $15,504,000 after purchasing an additional 358,886 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in MillerKnoll by 711.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 87,330 shares of the company’s stock valued at $1,549,000 after buying an additional 76,563 shares in the last quarter. Deprince Race & Zollo Inc. grew its holdings in MillerKnoll by 10.6% during the third quarter. Deprince Race & Zollo Inc. now owns 1,989,356 shares of the company’s stock worth $35,291,000 after acquiring an additional 191,249 shares during the period. SG Americas Securities LLC raised its position in MillerKnoll by 704.0% in the third quarter. SG Americas Securities LLC now owns 55,992 shares of the company’s stock worth $993,000 after acquiring an additional 49,028 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in MillerKnoll by 1.1% in the 2nd quarter. Nordea Investment Management AB now owns 208,085 shares of the company’s stock valued at $4,049,000 after acquiring an additional 2,177 shares during the last quarter. 87.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MLKN shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of MillerKnoll in a report on Monday, December 29th. Zacks Research cut MillerKnoll from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. William Blair initiated coverage on MillerKnoll in a research report on Tuesday. They set an “outperform” rating for the company. Finally, Wall Street Zen cut MillerKnoll from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, MillerKnoll has a consensus rating of “Hold”.

MillerKnoll Trading Down 0.3%

MillerKnoll stock opened at $21.78 on Friday. MillerKnoll, Inc. has a 52 week low of $13.77 and a 52 week high of $23.18. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.95 and a current ratio of 1.66. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of -55.85, a P/E/G ratio of 0.92 and a beta of 1.33. The company has a 50 day moving average price of $19.15 and a 200 day moving average price of $18.41.

MillerKnoll (NASDAQ:MLKN) last released its earnings results on Wednesday, December 17th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $955.20 million during the quarter, compared to analyst estimates of $943.13 million. MillerKnoll had a positive return on equity of 10.32% and a negative net margin of 0.68%.The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 earnings per share. MillerKnoll has set its Q3 2026 guidance at 0.420-0.480 EPS. Research 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. Shareholders of record on Saturday, February 28th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, February 27th. MillerKnoll’s payout ratio is -192.31%.

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.