MillerKnoll (MLKN) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MillerKnoll in the last year. There are currently 2 hold ratings 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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2 brokers have issued 12 month target prices for MillerKnoll's stock. Their MLKN share price forecasts range from $20.00 to $20.00. On average, they anticipate the company's stock price to reach $20.00 in the next year. This suggests a possible upside of 3.1% from the stock's current price.
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MillerKnoll's stock was trading at $21.01 at the beginning of the year. Since then, MLKN stock has decreased by 7.7% and is now trading at $19.40.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, September 26th 2023.
View our MLKN earnings forecast.

MillerKnoll will be holding an earnings conference call on Tuesday, September 26th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

MillerKnoll, Inc. (NASDAQ:MLKN) announced its quarterly earnings results on Wednesday, July, 12th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.02. The company earned $956.70 million during the quarter, compared to analysts' expectations of $945.60 million. MillerKnoll had a trailing twelve-month return on equity of 9.87% and a net margin of 1.03%. The business's quarterly revenue was down 13.1% on a year-over-year basis. During the same quarter last year, the business posted $0.58 earnings per share.

MillerKnoll announced a quarterly dividend on Tuesday, July 18th. Stockholders of record on Saturday, September 2nd will be given a dividend of $0.1875 per share on Monday, October 16th. This represents a $0.75 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, August 31st.
Read our dividend analysis for MLKN.

ETFs with the largest weight of MillerKnoll (NASDAQ:MLKN) stock in their portfolio include First Trust Small Cap Value AlphaDEX Fund (FYT), Invesco Nasdaq Future Gen 200 ETF (QQQS), Invesco S&P SmallCap 600 Revenue ETF (RWJ) and WisdomTree U.S. SmallCap Dividend Fund (DES).First Trust Small Cap Core AlphaDEX Fund (FYX).

MillerKnoll (NASDAQ:MLKN) pays an annual dividend of $0.75 per share and currently has a dividend yield of 3.75%. The dividend payout ratio is 133.93%. 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 29.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MLKN.

MillerKnoll issued an update on its FY 2024 earnings guidance on Thursday, July, 13th. The company provided EPS guidance of $1.70-$2.00 for the period, compared to the consensus estimate of $1.81. The company issued revenue guidance of -.

MillerKnoll trades on the NASDAQ under the ticker symbol "MLKN."

MillerKnoll's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.00%), Scharf Investments LLC (6.39%), State Street Corp (3.82%), Dimensional Fund Advisors LP (2.71%), Geode Capital Management LLC (2.05%) and William Blair Investment Management LLC (1.63%). Insiders that own company stock include Andrea Owen, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MLKN stock can currently be purchased for approximately $19.40.

MillerKnoll (NASDAQ:MLKN) has a market capitalization of $1.45 billion and generates $4.09 billion in revenue each year. The company earns $42.10 million in net income (profit) each year or $0.56 on an earnings per share basis.

The company employs 10,900 workers across the globe.

MillerKnoll's mailing address is 855 E Main Ave, Zeeland, Michigan 49464-0302. The official website for the company is www.hermanmiller.com. The company can be reached via phone at (616) 654-3000, via email at investor@hermanmiller.com, or via fax at 616-654-3632.