Louisiana State Employees Retirement System Makes New Investment in MillerKnoll, Inc. $MLKN

Louisiana State Employees Retirement System acquired a new position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) during the 1st quarter, Holdings Channel reports. The fund acquired 30,300 shares of the company’s stock, valued at approximately $438,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MLKN. Vanguard Group Inc. lifted its position in MillerKnoll by 7.9% during the fourth quarter. Vanguard Group Inc. now owns 8,550,194 shares of the company’s stock worth $156,298,000 after buying an additional 623,035 shares during the period. Alliancebernstein L.P. increased its stake in shares of MillerKnoll by 7.1% during the 3rd quarter. Alliancebernstein L.P. now owns 5,166,059 shares of the company’s stock valued at $91,646,000 after acquiring an additional 340,917 shares during the last quarter. Deprince Race & Zollo Inc. increased its stake in shares of MillerKnoll by 27.2% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,530,994 shares of the company’s stock valued at $46,267,000 after acquiring an additional 541,638 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of MillerKnoll by 8.0% during the 4th quarter. Invesco Ltd. now owns 1,956,425 shares of the company’s stock worth $35,763,000 after acquiring an additional 145,544 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of MillerKnoll by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,552,213 shares of the company’s stock worth $28,374,000 after acquiring an additional 50,843 shares during the period. Hedge funds and other institutional investors own 87.50% of the company’s stock.

MillerKnoll Stock Performance

MillerKnoll stock opened at $19.67 on Thursday. The stock’s 50-day moving average is $16.57 and its 200-day moving average is $17.99. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 0.84 and a beta of 1.36. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 0.90. MillerKnoll, Inc. has a 12 month low of $13.77 and a 12 month high of $23.18.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings data on Wednesday, June 24th. The company reported $0.55 earnings per share 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 for the quarter, compared to analyst estimates of $973.87 million. During the same period in the previous year, the company posted $0.60 EPS. The company’s 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. Equities analysts anticipate that MillerKnoll, Inc. will post 2.02 earnings per share for the current year.

MillerKnoll Announces Dividend

The firm 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 3.8%. The ex-dividend date is Friday, May 29th. MillerKnoll’s payout ratio is currently 56.82%.

Analysts Set New Price Targets

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