MillerKnoll (MLKN) Stock Price, News & Analysis

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MillerKnoll in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street 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 brokers have issued 1-year target prices for MillerKnoll's stock. Their MLKN share price targets range from $25.00 to $25.00. On average, they predict the company's stock price to reach $25.00 in the next twelve months. This suggests that the stock has a possible downside of 0.5%.
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MillerKnoll's stock was trading at $26.68 on January 1st, 2024. Since then, MLKN shares have decreased by 5.8% and is now trading at $25.12.
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MillerKnoll saw a increase in short interest during 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 trading volume of 866,400 shares, the short-interest ratio is presently 3.6 days. Currently, 4.3% of the shares of the company 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) issued its quarterly earnings data on Wednesday, March, 27th. The company reported $0.45 earnings per share for the quarter, beating 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 net margin of 1.96% and a trailing twelve-month return on equity of 9.61%. The firm's revenue for the quarter was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share.

MillerKnoll announced 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 dividend on an annualized basis 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), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), 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).

MillerKnoll updated its fourth quarter 2024 earnings guidance on Wednesday, March, 27th. The company provided EPS guidance of 0.490-0.570 for the period, compared to the consensus earnings per share 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 a variety of retail and institutional investors. Top institutional investors include Scharf Investments LLC (3.64%), Hennessy Advisors Inc. (1.39%), Douglas Lane & Associates LLC (0.49%), Bridge City Capital LLC (0.13%), State of Alaska Department of Revenue (0.06%) and Oliver Luxxe Assets LLC (0.05%). 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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