Twin Lakes Capital Management LLC Makes New Investment in MillerKnoll, Inc. $MLKN

Twin Lakes Capital Management LLC acquired a new stake in MillerKnoll, Inc. (NASDAQ:MLKN) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 27,702 shares of the company’s stock, valued at approximately $567,000.

Several other hedge funds have also recently made changes to their positions in the business. Cassaday & Co Wealth Management LLC bought a new position in shares of MillerKnoll during the first quarter valued at approximately $26,000. Versant Capital Management Inc boosted its position in MillerKnoll by 166.5% during the 2nd quarter. Versant Capital Management Inc now owns 1,250 shares of the company’s stock valued at $26,000 after acquiring an additional 781 shares in the last quarter. Quantbot Technologies LP purchased a new position in MillerKnoll during the second quarter valued at $29,000. Osaic Holdings Inc. boosted its holdings in shares of MillerKnoll by 36.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after buying an additional 519 shares in the last quarter. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of MillerKnoll during the fourth quarter valued at approximately $46,000. 87.50% of the stock is owned by hedge funds and other institutional investors.

MillerKnoll Price Performance

MillerKnoll stock opened at $23.13 on Friday. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 0.97 and a beta of 1.36. The firm’s fifty day moving average is $21.89 and its 200 day moving average is $18.88. The company has a quick ratio of 0.90, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. MillerKnoll, Inc. has a 52-week low of $13.77 and a 52-week high of $24.71.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings data on Wednesday, June 24th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. MillerKnoll had a return on equity of 9.77% and a net margin of 2.38%.The business had revenue of $1 billion during the quarter, compared to analyst estimates of $973.87 million. During the same period last year, the company earned $0.60 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. 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 forecast that MillerKnoll, Inc. will post 2.02 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Saturday, August 29th will be paid a dividend of $0.1875 per share. The ex-dividend date is Friday, August 28th. This represents a $0.75 annualized dividend and a dividend yield of 3.2%. MillerKnoll’s dividend payout ratio (DPR) is currently 56.82%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MLKN. Weiss Ratings raised shares of MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Wall Street Zen cut MillerKnoll from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Finally, Zacks Research raised shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

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.