Maverick Capital Ltd. Makes New $444,000 Investment in MillerKnoll, Inc. $MLKN

Maverick Capital Ltd. acquired a new stake in MillerKnoll, Inc. (NASDAQ:MLKN) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,710 shares of the company’s stock, valued at approximately $444,000.

Other institutional investors also recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC acquired a new position in shares of MillerKnoll during the 1st quarter worth approximately $26,000. Osaic Holdings Inc. grew its stake in MillerKnoll by 36.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after acquiring an additional 519 shares during the period. Lloyd Advisory Services LLC. acquired a new stake in MillerKnoll in the 4th quarter valued at $46,000. Harbour Investments Inc. increased its holdings in MillerKnoll by 47.7% in the 4th quarter. Harbour Investments Inc. now owns 3,095 shares of the company’s stock worth $57,000 after acquiring an additional 1,000 shares in the last quarter. Finally, KBC Group NV increased its holdings in MillerKnoll by 92.1% in the 1st quarter. KBC Group NV now owns 3,803 shares of the company’s stock worth $55,000 after acquiring an additional 1,823 shares in the last quarter. 87.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MLKN shares. Zacks Research upgraded shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Wall Street Zen cut shares of MillerKnoll from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Weiss Ratings raised shares of MillerKnoll from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

MillerKnoll Stock Down 2.9%

NASDAQ MLKN opened at $22.91 on Thursday. The business has a fifty day moving average price of $18.39 and a 200 day moving average price of $18.33. MillerKnoll, Inc. has a one year low of $13.77 and a one year high of $23.77. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.90 and a current ratio of 1.58. The company has a market cap of $1.56 billion, a P/E ratio of 17.36, a P/E/G ratio of 0.97 and a beta of 1.36.

MillerKnoll (NASDAQ:MLKN) last announced its earnings results on Wednesday, June 24th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the company posted $0.60 EPS. The firm’s quarterly revenue 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. Research analysts anticipate that MillerKnoll, Inc. will post 2.02 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Saturday, August 29th will be given a dividend of $0.1875 per share. The ex-dividend date is Friday, August 28th. This represents a $0.75 dividend on an annualized basis and a yield of 3.3%. MillerKnoll’s payout ratio is presently 56.82%.

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.