SummerHaven Investment Management LLC Purchases Shares of 40,214 MillerKnoll, Inc. $MLKN

SummerHaven Investment Management LLC purchased a new position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 40,214 shares of the company’s stock, valued at approximately $713,000. SummerHaven Investment Management LLC owned about 0.06% of MillerKnoll as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Osaic Holdings Inc. boosted its stake in MillerKnoll by 36.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock worth $38,000 after purchasing an additional 519 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of MillerKnoll during the second quarter worth $82,000. Strs Ohio purchased a new stake in shares of MillerKnoll during the third quarter valued at $85,000. CWM LLC raised its stake in MillerKnoll by 346.9% in the 2nd quarter. CWM LLC now owns 5,072 shares of the company’s stock worth $99,000 after acquiring an additional 3,937 shares during the last quarter. Finally, Rexford Capital Inc. acquired a new stake in MillerKnoll during the 2nd quarter worth about $101,000. Institutional investors and hedge funds own 87.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MLKN shares. Weiss Ratings reissued a “sell (d+)” rating on shares of MillerKnoll in a report on Monday, December 29th. Zacks Research lowered shares of MillerKnoll from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Finally, Wall Street Zen downgraded MillerKnoll from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

MillerKnoll Stock Down 2.0%

MillerKnoll stock opened at $19.16 on Thursday. The business has a 50 day simple moving average of $17.73 and a 200-day simple moving average of $18.26. MillerKnoll, Inc. has a 12 month low of $13.77 and a 12 month high of $23.12. The stock has a market capitalization of $1.31 billion, a PE ratio of -49.13, a price-to-earnings-growth ratio of 0.85 and a beta of 1.32. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.66 and a quick ratio of 0.95.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings results on Wednesday, December 17th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. The firm had revenue of $955.20 million during the quarter, compared to the consensus estimate of $943.13 million. MillerKnoll had a negative net margin of 0.68% and a positive return on equity of 10.32%. 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 firm earned $0.55 EPS. MillerKnoll has set its Q3 2026 guidance at 0.420-0.480 EPS. On average, analysts anticipate that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Saturday, February 28th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, February 27th. MillerKnoll’s dividend payout ratio is -192.31%.

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.