MillerKnoll (MLKN) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MillerKnoll in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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 brokerages have issued 12 month target prices for MillerKnoll's shares. 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 40.4% from the stock's current price.
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MillerKnoll's stock was trading at $21.01 at the beginning of 2023. Since then, MLKN shares have decreased by 32.2% and is now trading at $14.24.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 12th 2023.
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MillerKnoll, Inc. (NASDAQ:MLKN) issued its earnings results on Wednesday, March, 22nd. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.15. The company had revenue of $984.70 million for the quarter, compared to the consensus estimate of $997.40 million. MillerKnoll had a trailing twelve-month return on equity of 10.83% and a net margin of 1.51%. MillerKnoll's quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.28 earnings per share.

MillerKnoll announced a quarterly dividend on Tuesday, April 18th. Investors of record on Saturday, June 3rd will be given a dividend of $0.1875 per share on Saturday, July 15th. This represents a $0.75 annualized dividend and a dividend yield of 5.27%. The ex-dividend date is Thursday, June 1st.
Read our dividend analysis for MLKN.

ETFs with the largest weight of MillerKnoll (NASDAQ:MLKN) stock in their portfolio include Hypatia Women CEO ETF (WCEO), Invesco S&P SmallCap Industrials ETF (PSCI), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Hoya Capital Housing ETF (HOMZ), Invesco S&P SmallCap 600 Pure Value ETF (RZV), First Trust Small Cap Value AlphaDEX Fund (FYT), Unusual Whales Subversive Republican Trading ETF (KRUZ) and

MillerKnoll (NASDAQ:MLKN) pays an annual dividend of $0.75 per share and currently has a dividend yield of 5.54%. MLKN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 89.29%. 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 43.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MLKN.

MillerKnoll updated its fourth quarter 2023 earnings guidance on Wednesday, March, 22nd. The company provided EPS guidance of $0.37-$0.43 for the period, compared to the consensus EPS estimate of $0.59. The company issued revenue guidance of $930.00 million-$970.00 million, compared to the consensus revenue estimate of $1.03 billion.

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 investors include BlackRock Inc. (16.08%), Scharf Investments LLC (5.60%), State Street Corp (3.86%), Silvercrest Asset Management Group LLC (2.15%), Dimensional Fund Advisors LP (2.14%) and JPMorgan Chase & Co. (2.06%). 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 $14.24.

MillerKnoll (NASDAQ:MLKN) has a market capitalization of $1.08 billion and generates $3.95 billion in revenue each year. The company earns $-27,100,000.00 in net income (profit) each year or $0.84 on an earnings per share basis.

The company employs 11,300 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.