MillerKnoll (NASDAQ:MLKN) Rating Lowered to Hold at Wall Street Zen

MillerKnoll (NASDAQ:MLKN) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Several other analysts have also weighed in on the stock. Weiss Ratings upgraded shares of MillerKnoll from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. Zacks Research upgraded shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

MillerKnoll Trading Up 2.2%

NASDAQ:MLKN opened at $22.56 on Friday. The company has a market cap of $1.54 billion, a PE ratio of 17.09, a P/E/G ratio of 0.91 and a beta of 1.36. The business’s 50 day moving average is $18.05 and its two-hundred day moving average is $18.27. The company has a quick ratio of 0.90, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. MillerKnoll has a 52 week low of $13.77 and a 52 week high of $23.18.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Wednesday, June 24th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $973.87 million. MillerKnoll had a return on equity of 9.77% and a net margin of 2.38%.The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 EPS. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. On average, analysts predict that MillerKnoll will post 2.02 EPS for the current year.

Institutional Investors Weigh In On MillerKnoll

A number of hedge funds have recently made changes to their positions in MLKN. Cassaday & Co Wealth Management LLC acquired a new position in shares of MillerKnoll during the first quarter worth approximately $26,000. Versant Capital Management Inc raised its stake in MillerKnoll by 166.5% during 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. Osaic Holdings Inc. raised its stake in MillerKnoll by 36.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after acquiring an additional 519 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new position in MillerKnoll during the 4th quarter worth $46,000. Finally, KBC Group NV boosted its position in MillerKnoll by 92.1% during the 1st quarter. KBC Group NV now owns 3,803 shares of the company’s stock worth $55,000 after acquiring an additional 1,823 shares during the period. Institutional investors own 87.50% of the company’s stock.

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.