MillerKnoll (NASDAQ:MLKN) Stock Rating Lowered by Wall Street Zen

MillerKnoll (NASDAQ:MLKN) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other research analysts also recently issued reports on MLKN. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MillerKnoll in a report 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. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

MillerKnoll Trading Up 1.7%

NASDAQ:MLKN opened at $19.61 on Friday. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -50.28, a PEG ratio of 0.85 and a beta of 1.32. 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 company’s 50 day moving average price is $16.46 and its 200-day moving average price is $18.35. MillerKnoll has a 52 week low of $13.77 and a 52 week high of $23.47.

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

Institutional Investors Weigh In On MillerKnoll

A number of large investors have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its stake in shares of MillerKnoll by 36.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock worth $38,000 after purchasing an additional 519 shares during the period. Johnson Financial Group Inc. purchased a new stake in MillerKnoll during the third quarter valued at approximately $72,000. Canada Pension Plan Investment Board bought a new position in MillerKnoll in the second quarter worth approximately $82,000. Strs Ohio bought a new position in MillerKnoll in the third quarter worth approximately $85,000. Finally, CWM LLC boosted its stake in shares of MillerKnoll by 346.9% during the 2nd quarter. CWM LLC now owns 5,072 shares of the company’s stock worth $99,000 after acquiring an additional 3,937 shares during the last quarter. 87.50% of the stock is currently owned by institutional investors.

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.