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MillerKnoll (MLKN) Stock Price, News & Analysis

$26.86
+0.40 (+1.51%)
(As of 05/24/2024 04:00 PM ET)
Today's Range
$26.43
$26.90
50-Day Range
$24.50
$30.53
52-Week Range
$13.20
$31.33
Volume
435,700 shs
Average Volume
746,814 shs
Market Capitalization
$1.92 billion
P/E Ratio
27.69
Dividend Yield
2.79%
Price Target
$25.00

MillerKnoll MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
6.9% Downside
$25.00 Price Target
Short Interest
Healthy
2.88% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.69mentions of MillerKnoll in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
18.56%
From $1.94 to $2.30 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.51 out of 5 stars

Consumer Discretionary Sector

178th out of 273 stocks

Office Furniture Industry

1st out of 1 stocks

MLKN stock logo

About MillerKnoll Stock (NASDAQ:MLKN)

MillerKnoll, Inc. researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions. It offers its products under the MillerKnoll, Herman Miller, Herman Miller Circled Symbolic M, Knoll, Maharam, Geiger, Design Within Reach, DWR, HAY, NaughtOne, Nemschoff, Aeron, Mirra, Embody, Setu, Sayl, Cosm, Caper, Eames, Knoll, KnollExtra, Knoll Luxe, KnollStudio, KnollTextiles, Edelman Leather, Spinneybeck Leather, Generation by Knoll, Regeneration by Knoll, MultiGeneration by Knoll, Remix, Holly Hunt, Vladimir Kagan, Muuto, Barcelona, and Womb names. The company offers its products through independent contract furniture dealers, direct contract sales, e-commerce websites, and wholesale and retail stores. Its products are used in institutional, health/science, and residential and other environments, and industrial and educational settings, as well as transportation terminals. The company was formerly known as Herman Miller, Inc. and changed its name to MillerKnoll, Inc. in November 2021. MillerKnoll, Inc. was incorporated in 1905 and is headquartered in Zeeland, Michigan.

MLKN Stock Price History

MLKN Stock News Headlines

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Company Calendar

Ex-Dividend for 4/15 Dividend
2/29/2024
Last Earnings
3/27/2024
Dividend Payable
4/15/2024
Today
5/27/2024
Ex-Dividend for 7/15 Dividend
5/31/2024
Fiscal Year End
5/31/2024
Next Earnings (Estimated)
7/10/2024
Dividend Payable
7/15/2024

Industry, Sector and Symbol

Industry
Office furniture
Sub-Industry
N/A
Current Symbol
NASDAQ:MLKN
Employees
10,900
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$25.00
High Stock Price Target
$25.00
Low Stock Price Target
$25.00
Potential Upside/Downside
-6.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$42.10 million
Pretax Margin
2.36%

Debt

Sales & Book Value

Annual Sales
$3.70 billion
Cash Flow
$3.97 per share
Book Value
$18.94 per share

Miscellaneous

Free Float
69,712,000
Market Cap
$1.92 billion
Optionable
Optionable
Beta
1.25
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Key Executives

  • Ms. Andrea R. Owen (Age 59)
    President, CEO & Director
    Comp: $1.54M
  • Mr. Jeffrey M. Stutz (Age 53)
    Chief Financial Officer
    Comp: $649.74k
  • Ms. Debbie F. Propst (Age 42)
    President of Global Retail
    Comp: $1.08M
  • Mr. John P. Michael (Age 62)
    President of America Contract
    Comp: $637.84k
  • Mr. Christopher M. Baldwin (Age 51)
    Group President
    Comp: $1.38M
  • Mr. Richard ScottMr. Richard Scott (Age 56)
    Chief Manufacturing & Operations Officer
  • Mr. Benjamin P.T. Groom (Age 40)
    Chief Technology Officer
  • Ms. Jacqueline Hourigan Rice (Age 52)
    General Counsel & Corporate Secretary
  • Mr. Timothy C. Straker (Age 58)
    Chief Marketing Officer & Communication Officer
  • Mr. Bruce Benedict Watson (Age 59)
    Chief Creative & Product Officer
    Comp: $815.61k

MLKN Stock Analysis - Frequently Asked Questions

Should I buy or sell MillerKnoll stock right now?

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.
View MLKN analyst ratings
or view top-rated stocks.

What is MillerKnoll's stock price target for 2024?

1 Wall Street research analysts have issued 1-year price targets for MillerKnoll's shares. Their MLKN share price targets range from $25.00 to $25.00. On average, they anticipate the company's stock price to reach $25.00 in the next twelve months. This suggests that the stock has a possible downside of 6.9%.
View analysts price targets for MLKN
or view top-rated stocks among Wall Street analysts.

How have MLKN shares performed in 2024?

MillerKnoll's stock was trading at $26.68 on January 1st, 2024. Since then, MLKN shares have increased by 0.7% and is now trading at $26.86.
View the best growth stocks for 2024 here
.

When is MillerKnoll's next earnings date?

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

How were MillerKnoll's earnings last quarter?

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

How often does MillerKnoll pay dividends? What is the dividend yield for MillerKnoll?

MillerKnoll declared a quarterly dividend on Tuesday, April 16th. Investors of record on Saturday, June 1st will be given a dividend of $0.1875 per share on Monday, July 15th. This represents a $0.75 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, May 31st.
Read our dividend analysis for MLKN
.

Is MillerKnoll a good dividend stock?

MillerKnoll (NASDAQ:MLKN) pays an annual dividend of $0.75 per share and currently has a dividend yield of 2.79%. 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.

What guidance has MillerKnoll issued on next quarter's earnings?

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 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.

Who are MillerKnoll's major shareholders?

MillerKnoll's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.54%), Scharf Investments LLC (3.64%), LSV Asset Management (1.48%), Hennessy Advisors Inc. (1.39%), William Blair Investment Management LLC (1.33%) and Front Street Capital Management Inc. (0.96%). Insiders that own company stock include Andrea Owen, Jeffrey M Stutz, Megan Lyon, Michael A Volkema and Richard Scott.
View institutional ownership trends
.

How do I buy shares of MillerKnoll?

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.
Compare Top Brokerages Here.

This page (NASDAQ:MLKN) was last updated on 5/27/2024 by MarketBeat.com Staff

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