MillerKnoll (NASDAQ:MLKN) Hits New 52-Week High – Here’s What Happened

Shares of MillerKnoll, Inc. (NASDAQ:MLKN) reached a new 52-week high during trading on Tuesday . The stock traded as high as $23.16 and last traded at $22.89, with a volume of 50313 shares changing hands. The stock had previously closed at $22.07.

Wall Street Analyst Weigh In

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

MillerKnoll Trading Up 4.1%

The company has a market capitalization of $1.57 billion, a PE ratio of -58.94, a P/E/G ratio of 0.98 and a beta of 1.33. The company has a quick ratio of 0.95, a current ratio of 1.66 and a debt-to-equity ratio of 1.02. The firm’s 50 day simple moving average is $18.63 and its 200-day simple moving average is $18.33.

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

MillerKnoll Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Saturday, February 28th will be given a $0.1875 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.75 annualized dividend and a yield of 3.3%. MillerKnoll’s dividend payout ratio (DPR) is currently -192.31%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership grew its position in MillerKnoll by 81.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 798,349 shares of the company’s stock worth $15,504,000 after buying an additional 358,886 shares during the last quarter. Y Intercept Hong Kong Ltd raised its stake in shares of MillerKnoll by 711.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 87,330 shares of the company’s stock worth $1,549,000 after purchasing an additional 76,563 shares in the last quarter. Deprince Race & Zollo Inc. raised its holdings in shares of MillerKnoll by 10.6% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,989,356 shares of the company’s stock valued at $35,291,000 after purchasing an additional 191,249 shares in the last quarter. LSV Asset Management increased its holdings in shares of MillerKnoll by 4.0% during the 2nd quarter. LSV Asset Management now owns 1,331,199 shares of the company’s stock valued at $25,852,000 after acquiring an additional 50,715 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of MillerKnoll by 704.0% during the 3rd quarter. SG Americas Securities LLC now owns 55,992 shares of the company’s stock worth $993,000 after buying an additional 49,028 shares during the period. 87.50% of the stock is owned by institutional investors and hedge funds.

MillerKnoll Company Profile

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.