MillerKnoll (MLKN) Stock Price, News & Analysis

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MillerKnoll in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MLKN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MLKN, but not buy additional shares or sell existing shares.
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1 brokerages have issued 12-month price targets for MillerKnoll's shares. Their MLKN share price targets range from $25.00 to $25.00. On average, they predict the company's share price to reach $25.00 in the next year. This suggests that the stock has a possible downside of 0.2%.
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MillerKnoll's stock was trading at $26.68 at the beginning of 2024. Since then, MLKN stock has decreased by 6.1% and is now trading at $25.05.
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MillerKnoll saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 3,120,000 shares, an increase of 37.4% from the March 15th total of 2,270,000 shares. Based on an average daily volume of 866,400 shares, the days-to-cover ratio is currently 3.6 days. Approximately 4.3% of the company's stock are short sold.
View MillerKnoll's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 10th 2024.
View our MLKN earnings forecast.

MillerKnoll, Inc. (NASDAQ:MLKN) released its quarterly earnings data on Wednesday, March, 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. The business earned $872.30 million during the quarter, compared to analysts' expectations of $909.55 million. MillerKnoll had a trailing twelve-month return on equity of 9.61% and a net margin of 1.96%. The firm's revenue for the quarter was down 11.4% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS.

MillerKnoll declared a quarterly dividend on Tuesday, January 16th. Shareholders of record on Saturday, March 2nd will be given a dividend of $0.1875 per share on Monday, April 15th. This represents a $0.75 annualized dividend and a yield of 2.99%. The ex-dividend date is Thursday, February 29th.
Read our dividend analysis for MLKN.

MillerKnoll (NASDAQ:MLKN) pays an annual dividend of $0.75 per share and currently has a dividend yield of 3.06%. The dividend payout ratio is 77.32%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MLKN will have a dividend payout ratio of 32.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MLKN.

ETFs with the largest weight of MillerKnoll (NASDAQ:MLKN) stock in their portfolio include Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap Industrials ETF (PSCI), First Trust Small Cap Value AlphaDEX Fund (FYT), EA Bridgeway Omni Small-Cap Value ETF (BSVO), Vanguard S&P Small-Cap 600 Value ETF (VIOV), First Trust Small Cap Core AlphaDEX Fund (FYX) and Small Cap US Equity Select ETF (RNSC).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

MillerKnoll issued an update on its fourth quarter 2024 earnings guidance on Wednesday, March, 27th. The company provided earnings per share (EPS) guidance of 0.490-0.570 for the period, compared to the consensus EPS estimate of 0.680. The company issued revenue guidance of $880.0 million-$920.0 million, compared to the consensus revenue estimate of $961.4 million.

MillerKnoll's stock is owned by many different institutional and retail investors. Top institutional shareholders include Scharf Investments LLC (3.64%), Hennessy Advisors Inc. (1.39%), Douglas Lane & Associates LLC (0.49%), Bridge City Capital LLC (0.13%), Oliver Luxxe Assets LLC (0.05%) and Sumitomo Mitsui Trust Holdings Inc. (0.02%). Insiders that own company stock include Andrea Owen, Jeffrey M Stutz, Megan Lyon, Michael A Volkema and Richard Scott.
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Shares of MLKN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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