MillerKnoll (NASDAQ:MLKN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of MillerKnoll (NASDAQ:MLKN) from a hold rating to a buy rating in a research report report published on Saturday morning.

Several other equities research analysts also recently issued reports on the company. Weiss Ratings raised MillerKnoll from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. Zacks Research raised shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

MillerKnoll Stock Down 1.3%

MLKN stock opened at $21.53 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 0.90. The firm has a market capitalization of $1.47 billion, a P/E ratio of 16.31, a P/E/G ratio of 0.90 and a beta of 1.36. MillerKnoll has a 52-week low of $13.77 and a 52-week high of $23.18. The company’s 50 day simple moving average is $17.34 and its 200-day simple moving average is $18.15.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings data on Wednesday, June 24th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. MillerKnoll had a net margin of 2.38% and a return on equity of 9.77%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $973.87 million. During the same quarter last year, the business posted $0.60 EPS. The company’s revenue was up 4.4% on a year-over-year basis. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. As a group, equities research analysts anticipate that MillerKnoll will post 2.02 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. raised its position in shares of MillerKnoll by 36.5% in the second quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock worth $38,000 after buying an additional 519 shares in the last quarter. ProShare Advisors LLC grew its position in MillerKnoll by 4.4% during the fourth quarter. ProShare Advisors LLC now owns 13,308 shares of the company’s stock worth $243,000 after buying an additional 558 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in MillerKnoll by 9.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 7,676 shares of the company’s stock worth $140,000 after acquiring an additional 690 shares during the last quarter. State of Alaska Department of Revenue increased its stake in MillerKnoll by 2.0% in the 4th quarter. State of Alaska Department of Revenue now owns 38,972 shares of the company’s stock worth $711,000 after acquiring an additional 767 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of MillerKnoll by 166.5% in the 2nd quarter. Versant Capital Management Inc now owns 1,250 shares of the company’s stock valued at $26,000 after acquiring an additional 781 shares in the last quarter. 87.50% of the stock is owned by institutional investors.

About MillerKnoll

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.