MillerKnoll (NASDAQ:MLKN) Reaches New 1-Year High – Should You Buy?

MillerKnoll, Inc. (NASDAQ:MLKN) hit a new 52-week high on Tuesday . The stock traded as high as $23.41 and last traded at $23.4040, with a volume of 30450 shares trading hands. The stock had previously closed at $22.56.

Wall Street Analyst Weigh In

A number of brokerages have commented on MLKN. Weiss Ratings raised MillerKnoll from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 13th. Zacks Research raised MillerKnoll from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen downgraded MillerKnoll from a “buy” rating to a “hold” rating in a report on Sunday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

MillerKnoll Price Performance

The company has a quick ratio of 0.90, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. The business’s 50-day moving average is $18.05 and its two-hundred day moving average is $18.27. The company has a market capitalization of $1.61 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 0.91 and a beta of 1.36.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data on Wednesday, June 24th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. MillerKnoll had a net margin of 2.38% and a return on equity of 9.77%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $973.87 million. During the same period in the prior year, the firm posted $0.60 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. As a group, analysts predict that MillerKnoll, Inc. will post 2.02 earnings per share for the current year.

MillerKnoll Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Saturday, August 29th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, August 28th. MillerKnoll’s payout ratio is presently 56.82%.

Hedge Funds Weigh In On MillerKnoll

Several institutional investors have recently modified their holdings of MLKN. Osaic Holdings Inc. increased its position in shares of MillerKnoll by 36.5% during the second quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after acquiring an additional 519 shares during the last quarter. ProShare Advisors LLC boosted its position in MillerKnoll by 4.4% in the fourth quarter. ProShare Advisors LLC now owns 13,308 shares of the company’s stock worth $243,000 after purchasing an additional 558 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in MillerKnoll by 9.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 7,676 shares of the company’s stock worth $140,000 after purchasing an additional 690 shares during the last quarter. State of Alaska Department of Revenue grew its stake in MillerKnoll by 2.0% in the 4th quarter. State of Alaska Department of Revenue now owns 38,972 shares of the company’s stock valued at $711,000 after purchasing an additional 767 shares during the period. Finally, Versant Capital Management Inc grew its stake in MillerKnoll by 166.5% in the 2nd quarter. Versant Capital Management Inc now owns 1,250 shares of the company’s stock valued at $26,000 after purchasing an additional 781 shares during the period. 87.50% of the stock is owned by institutional investors.

About MillerKnoll

MillerKnoll, Inc (NASDAQ: MLKN) is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.