MillerKnoll (NASDAQ:MLKN) Shares Down 4.4% – What’s Next?

Shares of MillerKnoll, Inc. (NASDAQ:MLKN) were down 4.4% during trading on Tuesday . The company traded as low as $18.58 and last traded at $18.2140. Approximately 209,112 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 511,242 shares. The stock had previously closed at $19.05.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MLKN. William Blair started coverage on shares of MillerKnoll in a report on Tuesday, February 10th. They set an “outperform” rating on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of MillerKnoll in a research note on Monday, December 29th. Zacks Research lowered MillerKnoll from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, Wall Street Zen downgraded MillerKnoll from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

MillerKnoll Trading Down 4.5%

The firm’s 50 day moving average price is $20.32 and its 200 day moving average price is $18.35. The stock has a market capitalization of $1.24 billion, a P/E ratio of -46.62, a P/E/G ratio of 0.80 and a beta of 1.31. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.66 and a quick ratio of 0.95.

MillerKnoll (NASDAQ:MLKN) last posted its earnings results on Wednesday, December 17th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. MillerKnoll had a positive return on equity of 10.32% and a negative net margin of 0.68%.The firm had revenue of $955.20 million for the quarter, compared to analysts’ expectations of $943.13 million. During the same period in the previous year, the firm earned $0.55 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. MillerKnoll has set its Q3 2026 guidance at 0.420-0.480 EPS. As a group, equities research analysts expect that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Saturday, February 28th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.1%. MillerKnoll’s dividend payout ratio (DPR) is currently -192.31%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MLKN. Vanguard Group Inc. raised its stake in MillerKnoll by 7.9% during the fourth quarter. Vanguard Group Inc. now owns 8,550,194 shares of the company’s stock valued at $156,298,000 after buying an additional 623,035 shares during the last quarter. Deprince Race & Zollo Inc. raised its holdings in MillerKnoll by 27.2% in the fourth quarter. Deprince Race & Zollo Inc. now owns 2,530,994 shares of the company’s stock worth $46,267,000 after buying an additional 541,638 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of MillerKnoll by 755.0% in the fourth quarter. SG Americas Securities LLC now owns 478,727 shares of the company’s stock worth $8,751,000 after buying an additional 422,735 shares in the last quarter. Wellington Management Group LLP raised its holdings in MillerKnoll by 46.4% in the 4th quarter. Wellington Management Group LLP now owns 1,305,280 shares of the company’s stock worth $23,861,000 after acquiring an additional 413,531 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in MillerKnoll by 81.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 798,349 shares of the company’s stock valued at $15,504,000 after purchasing an additional 358,886 shares during the last quarter. Institutional investors own 87.50% of the company’s stock.

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.