After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed MillerKnoll Schedules Third Quarter Fiscal 2024 Conference Call and Webcast.
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Stocks Info
This NASDAQ-listed company operates within the Furnishings, Fixtures & Appliances industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $30.55 and fluctuated between $30.94 as its day high and $30.25 as its day low. The current market capitalization of MillerKnoll Inc is $2.22B. A total of 1.39 million shares were traded on the day, compared to an average of 653.90K shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, MLKN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 41 BUYs and 35 SELLs from insiders. Insiders purchased 233,547 shares during that period but sold 47,876.
In the most recent transaction, Stutz Jeffrey M sold 9,771 shares of MLKN for 28.23 per share on Dec 22. After the transaction, the Chief Fincl Officer now owns 35,622 company shares. In a previous transaction on Jul 18, VOLKEMA MICHAEL A bought 13,584 shares at 16.95 per share. MLKN shares that Director owns now total 200,670.
Among the insiders who bought shares, Smith Mike C. acquired of 4,000 shares on Jul 18 at a per-share price of $17.25. This resulted in the Director holding 19,584 shares of MLKN after the transaction. In another insider transaction, Smith Michael R bought 1,200 shares at $17.19 per share on Jul 18. Company shares held by the Director now total 1,285.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. MillerKnoll Inc pays an annual dividend of $0.94, resulting in a dividend yield of 3.07%, and it has a price to earnings (P/E) ratio of 45.21. MLKN’s most recent ex-dividend date was 2/29/2024 when it declared a $0.1875 quarterly dividend that was paid in cash on 4/15/2024. Previously, the company paid the dividend on 1/15/2024 with an ex-dividend date of 11/30/2023. The MLKN stock dividend was $0.1875 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for MLKN in the last 3 months, the mean price target is $33.50 with high estimates of $37.00 and low estimates of $30.00. In terms of 52-week highs and lows, MLKN has a high of $31.33 and a low of $13.20.
As of this writing, MLKN has an earnings estimate of $0.44 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.47 per share and a lower estimate of $0.41. The company reported an EPS of $0.37 in the last quarter, which was 76.20% higher than expectations of $0.21.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. MLKN’s latest balance sheet shows that the firm has $230.30M in Cash & Short Term Investments as of fiscal 2022. There were $1.89B in debt and $877.40M in liabilities at the time. Its Book Value Per Share was $19.44, while its Total Shareholder’s Equity was $1.53B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MLKN is Buy with a score of 3.00.
