MillerKnoll (NASDAQ:MLKN) Downgraded by Wall Street Zen to “Hold”

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

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 note on Monday, July 13th. Zacks Research upgraded 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 given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

MillerKnoll Trading Up 2.9%

Shares of MillerKnoll stock opened at $22.08 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.90 and a current ratio of 1.58. The firm has a 50-day moving average of $17.89 and a 200-day moving average of $18.24. MillerKnoll has a 52-week low of $13.77 and a 52-week high of $23.18. The stock has a market cap of $1.50 billion, a PE ratio of 16.73, a PEG ratio of 0.91 and a beta of 1.36.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Wednesday, June 24th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The business had revenue of $1 billion for 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 firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. 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, sell-side analysts forecast that MillerKnoll will post 2.02 EPS for the current year.

Hedge Funds Weigh In On MillerKnoll

Hedge funds have recently made changes to their positions in the stock. Cassaday & Co Wealth Management LLC bought a new position in MillerKnoll during the 1st quarter worth approximately $26,000. Versant Capital Management Inc raised its stake in MillerKnoll by 166.5% during the second quarter. Versant Capital Management Inc now owns 1,250 shares of the company’s stock worth $26,000 after buying an additional 781 shares during the last quarter. Osaic Holdings Inc. raised its stake in MillerKnoll by 36.5% during 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 during the last quarter. Lloyd Advisory Services LLC. acquired a new position in MillerKnoll in the fourth quarter valued at $46,000. Finally, KBC Group NV lifted its holdings in MillerKnoll by 92.1% in the first quarter. KBC Group NV now owns 3,803 shares of the company’s stock valued at $55,000 after buying an additional 1,823 shares during the period. 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.