MillerKnoll Stock: Can the Furniture Giant Regain Its Footing?

Wall Street Zen upgraded MillerKnoll from "Hold" to "Buy" this Sunday, signaling renewed confidence in the furniture manufacturer's prospects. However, market experts remain deeply divided on the company's trajectory. Zacks Research maintains its "Strong-Buy" recommendation, while Weiss Ratings continues to advocate "Sell." Benchmark reaffirmed its neutral "Hold" position in late September, reflecting the absence of clear directional consensus.

MillerKnoll delivered an impressive first-quarter 2026 performance that surpassed expectations. The company reported adjusted earnings of $0.45 per share, substantially exceeding the projected $0.34 per share. Revenue climbed to $956 million, outperforming forecasts of $910.97 million. All three business segments demonstrated growth during the period.

Despite these robust results, investor skepticism prevailed as shares declined 4.72% on the earnings announcement day. This pattern represents a classic "sell-on-news" scenario where positive results trigger profit-taking rather than sustained buying interest.

Dividend Appeal for Income-Focused Investors

For investors seeking consistent income, MillerKnoll presents a compelling case with its impressive dividend history:
* Quarterly payout: $0.1875 per share
* Ex-dividend date: November 28, 2025
* Payment date: January 15, 2026
* Current yield: 4.68%

Should investors sell immediately? Or is it worth buying Herman Miller?

The company has established itself among dividend aristocracy with 55 consecutive years of distributions. The question remains whether this income stability can counteract the stock's downward momentum.

Recent Governance Developments

Corporate governance developments include shareholder approval on October 13 of a new long-term incentive plan authorizing the issuance of up to 21.1 million shares. Additionally, the company registered 3.4 million shares valued at $56.92 million for employee stock ownership programs.

Current Trading Dynamics and Ownership Structure

Friday's trading session saw modest gains of 0.19%, bringing the share price to $15.62. However, this marginal advance masks significant intraday volatility, with the stock fluctuating between $15.38 and $15.66. Six positive sessions within the past ten trading days haven't been sufficient to offset the overall 6.07% decline during this period.

The stock hovers precariously close to its 52-week low of $15.25, while the all-time high of $25.96 appears increasingly distant. With institutional investors controlling 87.5% of outstanding shares, major financial players clearly dominate the ownership structure, leaving their future directional moves crucial to the stock's trajectory.