Wall Street Zen Upgrades MillerKnoll (NASDAQ:MLKN) to Buy

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

Other research analysts also recently issued research reports about the company. Weiss Ratings restated a “sell (d+)” rating on shares of MillerKnoll in a research note on Friday, April 24th. Zacks Research upgraded shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. One equities research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

MillerKnoll Trading Up 3.3%

Shares of MLKN opened at $19.96 on Friday. The business’s 50-day moving average price is $16.02 and its 200 day moving average price is $17.76. The stock has a market capitalization of $1.36 billion, a P/E ratio of 15.12, a P/E/G ratio of 0.81 and a beta of 1.41. MillerKnoll has a 1-year low of $13.77 and a 1-year high of $23.18. The company has a current ratio of 1.58, a quick ratio of 0.92 and a debt-to-equity ratio of 0.94.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings data on Wednesday, June 24th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. MillerKnoll had a return on equity of 9.77% and a net margin of 2.38%.The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $973.87 million. During the same quarter in the previous year, the company earned $0.60 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. Analysts expect that MillerKnoll will post 1.99 earnings per share for the current year.

Hedge Funds Weigh In On MillerKnoll

Several large investors have recently added to or reduced their stakes in MLKN. Osaic Holdings Inc. raised its holdings in 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 purchasing an additional 519 shares during the period. ProShare Advisors LLC boosted its position in shares of 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 purchasing an additional 558 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of MillerKnoll by 9.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 7,676 shares of the company’s stock valued at $140,000 after buying an additional 690 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of MillerKnoll by 2.0% in the 4th quarter. State of Alaska Department of Revenue now owns 38,972 shares of the company’s stock valued at $711,000 after buying an additional 767 shares during the period. Finally, Rexford Capital Inc. increased its position in shares of MillerKnoll by 17.0% in the 4th quarter. Rexford Capital Inc. now owns 5,500 shares of the company’s stock valued at $101,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll News Roundup

Here are the key news stories impacting MillerKnoll this week:

• Positive Sentiment: MillerKnoll’s latest quarterly report beat Wall Street estimates on both earnings and revenue, reinforcing confidence in near-term execution. MillerKnoll (MLKN) Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Sidoti lifted full-year FY2027 EPS estimates to $2.01 and FY2028 EPS estimates to $2.46, suggesting analysts see improving earnings power over the next two years. MillerKnoll analyst estimate updates
• Positive Sentiment: Sidoti also raised its Q4 2027 EPS estimate to $0.74 and Q4 2028 EPS estimate to $0.85, indicating stronger expectations for later-period profitability. MillerKnoll analyst estimate updates
• Neutral Sentiment: Analysts trimmed some intermediate-quarter forecasts, including Q1 2027, Q2 2027, Q3 2027, Q1 2028, and Q2 2028, but the cuts were modest and were offset by higher long-term estimates. MillerKnoll analyst estimate updates
• Neutral Sentiment: Management’s post-earnings focus appears to be on cost control, cash flow, debt reduction, and smaller-format retail growth, which supports the longer-term story but does not immediately change results. MillerKnoll Q4 Earnings Call Puts Focus on Retail Discipline

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.