MillerKnoll (NASDAQ:MLKN) Stock Price Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• MillerKnoll shares rose 2.8% and crossed above their 50-day moving average of $21.31, trading as high as $21.56. The stock’s 200-day moving average is $19.47.
• Analyst sentiment is generally positive, with the stock holding an average “Moderate Buy” rating from four analysts, despite one recent downgrade to “Hold.”
• The company reported quarterly EPS of $0.53, exceeding estimates of $0.35, while revenue declined 3.4% year over year to $923.4 million. MillerKnoll also announced a quarterly dividend of $0.1875 per share, representing a 3.5% annualized yield.

MillerKnoll, Inc. (NASDAQ:MLKN - Get Free Report) shares crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $21.31 and traded as high as $21.56. MillerKnoll shares last traded at $21.33, with a volume of 435,410 shares traded.

Analysts Set New Price Targets

MLKN has been the subject of several research reports. Wall Street Zen downgraded MillerKnoll from a "buy" rating to a "hold" rating in a research report on Sunday, July 26th. Benchmark upgraded MillerKnoll from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 6th. Finally, Weiss Ratings upgraded MillerKnoll from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

MillerKnoll Stock Up 2.8%

The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 0.85 and a beta of 1.36. The company has a quick ratio of 0.90, a current ratio of 1.65 and a debt-to-equity ratio of 0.94. The firm has a fifty day moving average price of $21.31 and a 200-day moving average price of $19.47.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its earnings results on Tuesday, September 22nd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.35 by $0.18. MillerKnoll had a return on equity of 10.10% and a net margin of 2.57%. The firm had revenue of $923.40 million during the quarter, compared to analyst estimates of $940.93 million. During the same period in the prior year, the firm posted $0.45 earnings per share. The business's quarterly revenue was down 3.4% compared to the same quarter last year. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q2 2027 guidance at 0.430-0.490 EPS. As a group, sell-side analysts forecast that MillerKnoll, Inc. will post 2.02 EPS for the current year.

MillerKnoll Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Saturday, November 28th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, November 27th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.5%. MillerKnoll's dividend payout ratio is currently 53.19%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC purchased a new position in shares of MillerKnoll in the 1st quarter worth $26,000. Versant Capital Management Inc boosted its holdings in MillerKnoll by 166.5% in the second quarter. Versant Capital Management Inc now owns 1,250 shares of the company's stock valued at $26,000 after acquiring an additional 781 shares during the last quarter. Nykredit A S purchased a new stake in MillerKnoll during the second quarter valued at about $28,000. Quantbot Technologies LP purchased a new stake in MillerKnoll during the second quarter valued at about $29,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in MillerKnoll during the second quarter valued at about $41,000. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

MillerKnoll Company Profile

MillerKnoll, Inc is a global design company that develops and sells furnishings, accessories and related products for workplaces, homes, healthcare facilities, educational institutions and hospitality environments. Its offerings include office seating, desks, tables, storage, lighting, textiles and architectural products, along with residential furniture and decorative accessories.

The company markets products through a portfolio of brands that includes Herman Miller, Knoll, Design Within Reach, HAY, Muuto, Maharam, Geiger, Holly Hunt, Edelman Leather, DatesWeiser and Colebrook Bosson Saunders.

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