MillerKnoll (MLKN) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $23.33 to $23.66
• 50-Day Range: $22.36 to $27.69
• 52-Week Range: $22.35 to $31.73
• Volume: 30,701 shs
• Average Volume: 629,671 shs
• Market Capitalization: $1.63 billion
• P/E Ratio: 27.01
• Dividend Yield: 3.19%
• Price Target: N/A
• Consensus Rating: N/A

MillerKnoll Stock Analysis - MarketRank™

MillerKnoll scored higher than 73% of companies evaluated by MarketBeat, and ranked 138th out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for MillerKnoll.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 24.88%

Earnings Growth

Earnings for MillerKnoll are expected to grow by 24.88% in the coming year, from $2.17 to $2.71 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of MillerKnoll is 26.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of MillerKnoll is 26.82, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.10.

Price to Earnings Growth Ratio

MillerKnoll has a PEG Ratio of 0.90. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

MillerKnoll has a P/B Ratio of 1.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.84% of the float of MillerKnoll has been sold short.

Short Interest Ratio / Days to Cover

MillerKnoll has a short interest ratio ("days to cover") of 4.5.

Change versus previous month

Short interest in MillerKnoll has recently increased by 65.82%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

MillerKnoll pays a meaningful dividend of 3.19%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

MillerKnoll does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of MillerKnoll is 86.21%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, MillerKnoll will have a dividend payout ratio of 27.68% next year. This indicates that MillerKnoll will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.84% of the float of MillerKnoll has been sold short.

Short Interest Ratio / Days to Cover

MillerKnoll has a short interest ratio ("days to cover") of 4.5.

Change versus previous month

Short interest in MillerKnoll has recently increased by 65.82%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: N/A

News Sentiment

MillerKnoll has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 1 news article for MillerKnoll this week, compared to 3 articles on an average week.

MarketBeat Follows

1 people have added MillerKnoll to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, MillerKnoll insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.91% of the stock of MillerKnoll is held by insiders.

Percentage Held by Institutions

87.50% of the stock of MillerKnoll is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MLKN Stock Analysis - Frequently Asked Questions

How have MLKN shares performed this year?

MillerKnoll's stock was trading at $26.68 at the beginning of the year. Since then, MLKN stock has decreased by 12.6% and is now trading at $23.33.
View the best growth stocks for 2024 here.

How were MillerKnoll's earnings last quarter?

MillerKnoll, Inc. (NASDAQ:MLKN) posted its quarterly earnings data on Thursday, September, 19th. The company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by $0.04. The company's quarterly revenue was down 6.1% compared to the same quarter last year.

Who are MillerKnoll's major shareholders?

MillerKnoll's top institutional investors include Pacer Advisors Inc. (5.16%), State Street Corp (4.11%), Geode Capital Management LLC (2.43%) and Charles Schwab Investment Management Inc. (1.84%). Insiders that own company stock include Andrea Owen, Jeffrey M Stutz, Megan Lyon 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.

What other stocks do shareholders of MillerKnoll own?

Based on aggregate information from My MarketBeat watchlists, some other companies that MillerKnoll investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and Southern First Bancshares (SFST).

Company Calendar

• Ex-Dividend for 10/15 Dividend: 8/30/2024
• Last Earnings: 9/19/2024
• Dividend Payable: 10/15/2024
• Today: 11/20/2024
• Ex-Dividend for 1/15 Dividend: 11/29/2024
• Next Earnings (Estimated): 12/18/2024
• Dividend Payable: 1/15/2025
• Fiscal Year End: 5/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Office furniture
• Sub-Industry: Business Supplies
• Current Symbol: NASDAQ:MLKN
• CUSIP: N/A
• CIK: 66382
• Web: www.hermanmiller.com
• Phone: (616) 654-3000
• Fax: 616-654-3632
• Employees: 10,200
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $0.87
• Trailing P/E Ratio: 26.95
• Forward P/E Ratio: 10.81
• P/E Growth: 0.92
• Net Income: $82.30 million
• Net Margins: 1.80%
• Pretax Margin: 2.15%
• Return on Equity: 10.93%
• Return on Assets: 3.70%

Debt

• Debt-to-Equity Ratio: 0.99
• Current Ratio: 1.59
• Quick Ratio: 0.93

Sales & Book Value

• Annual Sales: $3.57 billion
• Price / Sales: 0.45
• Cash Flow: $4.30 per share
• Price / Cash Flow: 5.45
• Book Value: $19.33 per share
• Price / Book: 1.21

Miscellaneous

• Outstanding Shares: 69,166,000
• Free Float: 66,462,000
• Market Cap: $1.62 billion
• Optionable: Optionable
• Beta: 1.18