MillerKnoll Inc (NASDAQ: MLKN) May Be Attracting Institutional Investments

After Hours

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. Yahoo Finance discussed the stock recently as it posted MillerKnoll Schedules Third Quarter Fiscal 2024 Conference Call and Webcast.

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Stocks Info

The company is listed on the NASDAQ and operates within the Furnishings, Fixtures & Appliances industry segment. At the end of the last regular session, the stock closed at $29.96 and fluctuated between $30.24 as its day high and $29.44 as its day low. The current market capitalization of MillerKnoll Inc is $2.18B. A total of 0.84 million shares were traded on the day, compared to an average of 717.19K shares.

In the most recent transaction, Stutz Jeffrey M sold 9,771 shares of MLKN for 28.23 per share on Dec 22 ’23. After the transaction, the Chief Fincl Officer now owns 35,622 company shares. In a previous transaction on Jul 18 ’23, 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 ’23 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 ’23. Company shares held by the Director now total 1,285.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. MillerKnoll Inc pays an annual dividend of $0.75, resulting in a dividend yield of 2.50%, and it has a price to earnings (P/E) ratio of 44.33. 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. 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

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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.

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