Stocks of MillerKnoll Inc. (NASDAQ:MLKN) traded higher last session on Wall Street, down -5.61% to $21.18.
According to the data, MillerKnoll Inc. (NASDAQ:MLKN) has 3 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $20.00, we find $25.00. Given the previous closing price of $22.44, this indicates a potential upside of 11.41 percent. MLKN stock price is now -7.83% away from the 50-day moving average and -12.82% away from the 200-day moving average. The market capitalization of the company currently stands at $1.63B.
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A total of 2 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $28.33 as their price target over the next twelve months.
On September 29, 2022, Craig Hallum Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $50 to quote $20.
In other news, Owen Andrea, President & CEO bought 60,606 shares of the company’s stock on Oct 03. The stock was bought for $1,022,963 at an average price of $16.88. Upon completion of the transaction, the President & CEO now directly owns 100,468 shares in the company, valued at $2.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 04, Chief Mfg and Ops Officer Scott Richard sold 528 shares of the business’s stock. A total of $16,347 was realized by selling the stock at an average price of $30.96. This leaves the insider owning 2,838 shares of the company worth $60108.84. Insiders disposed of 52,312 shares of company stock worth roughly $1.11 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MLKN stock. A new stake in MillerKnoll Inc. shares was purchased by GRAHAM CAPITAL MANAGEMENT, L.P. during the first quarter worth $4,369,000. AGF MANAGEMENT LTD invested $3,177,000 in shares of MLKN during the first quarter. In the first quarter, DYNAMIC TECHNOLOGY LAB PRIVATE LTD acquired a new stake in MillerKnoll Inc. valued at approximately $3,059,000. PUBLIC SECTOR PENSION INVESTMENT BOARD acquired a new stake in MLKN for approximately $2,911,000. ANCORA ADVISORS, LLC purchased a new stake in MLKN valued at around $2,562,000 in the second quarter. In total, there are 317 active investors with 97.30% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $22.06 for MillerKnoll Inc. (NASDAQ: MLKN). During the past 12 months, MillerKnoll Inc. has had a low of $15.54 and a high of $36.93. As of last week, the company has a debt-to-equity ratio of 1.02, a current ratio of 1.70, and a quick ratio of 0.90. The fifty day moving average price for MLKN is $22.98 and a two-hundred day moving average price translates $24.29 for the stock.
The latest earnings results from MillerKnoll Inc. (NASDAQ: MLKN) was released for Dec, 2022. According to the Furnishings Fixtures & Appliances Company, earnings per share came in at $0.46, beating analysts’ expectations of $0.42 by 0.04. This compares to $0.01 EPS in the same period last year. The net profit margin was 1.90% and return on equity was 5.60% for MLKN. The company reported revenue of $1.07 billion for the quarter, compared to $1.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.96 percent. For the current quarter, analysts expect MLKN to generate $998.98M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/15/2023. Investors who held shares on 03/04/2023 were paid a $0.1875 dividend. On an annualized basis, this represents a $0.75 dividend and a 3.54% percent yield. There was an ex-dividend date of 03/02/2023 for this dividend. In terms of dividend payout ratio, MLKN is presently at 35.60%.
MillerKnoll Inc.(MLKN) Company Profile
MillerKnoll, Inc. researches, designs, manufactures, and distributes interior furnishings worldwide. The company operates in four segments: Americas Contract, International Contract, Global Retail, and Knoll. It offers office furniture products under the Aeron, Mirra, Sayl, Embody, Layout Studio, Imagine Desking System, Ratio, Cosm, Tone, and Generation by Knoll names; and other seating and storage products and ergonomic accessories under the About A Chair, Palissade, Eero Saarinen designs, Barcelona, and the Flo monitor arm names. The company also offers office seating, office 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. As of May 28, 2022, the company operated 70 retail studios including 35 operates under the DWR brand, 7 under the HAY brand, 22 Herman Miller stores, 2 Muuto stores, 3 Knoll stores, and a multi-brand Chicago store. Its products are used in institutional, health/science, and residential and other environments; transportation terminals; and industrial and educational settings. The company markets its products through its sales staff, and independent dealers and retailers, as well as e-commerce websites. 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.
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