MillerKnoll (NASDAQ:MLKN) Raised to “Buy” at Wall Street Zen

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

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

MillerKnoll Stock Performance

MLKN stock opened at $21.82 on Friday. The business’s 50-day moving average price is $17.22 and its two-hundred day moving average price is $18.13. The company has a current ratio of 1.58, a quick ratio of 0.90 and a debt-to-equity ratio of 0.94. The firm has a market cap of $1.49 billion, a PE ratio of 16.53, a P/E/G ratio of 0.91 and a beta of 1.36. MillerKnoll has a 1-year low of $13.77 and a 1-year high of $23.18.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings results 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 company had revenue of $1 billion during the quarter, compared to the consensus estimate of $973.87 million. During the same period in the prior year, the company earned $0.60 earnings per share. The company’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. As a group, research analysts forecast that MillerKnoll will post 2.02 earnings per share for the current year.

Hedge Funds Weigh In On MillerKnoll

Large investors have recently added to or reduced their stakes in the company. Pzena Investment Management LLC acquired a new position in shares of MillerKnoll during the first quarter worth about $28,858,000. Vanguard Group Inc. raised its position in MillerKnoll by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 8,550,194 shares of the company’s stock valued at $156,298,000 after buying an additional 623,035 shares during the last quarter. Deprince Race & Zollo Inc. boosted its position in MillerKnoll by 27.2% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,530,994 shares of the company’s stock worth $46,267,000 after acquiring an additional 541,638 shares during the last quarter. SG Americas Securities LLC boosted its position in MillerKnoll by 755.0% during the 4th quarter. SG Americas Securities LLC now owns 478,727 shares of the company’s stock worth $8,751,000 after acquiring an additional 422,735 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in MillerKnoll by 46.4% during the 4th quarter. Wellington Management Group LLP now owns 1,305,280 shares of the company’s stock worth $23,861,000 after acquiring an additional 413,531 shares during the last quarter. Institutional investors own 87.50% of the company’s stock.

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.