MillerKnoll (NASDAQ:MLKN) Stock Rating Lowered by Wall Street Zen

MillerKnoll (NASDAQ:MLKN) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday, Wall Street Zen reports.

MLKN has been the topic of a number of other research reports. Weiss Ratings upgraded MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Benchmark raised MillerKnoll from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, MillerKnoll has a consensus rating of “Moderate Buy”.

MillerKnoll Stock Up 3.9%

Shares of NASDAQ:MLKN opened at $22.33 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.90 and a current ratio of 1.65. The company has a market cap of $1.54 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 0.94 and a beta of 1.37. MillerKnoll has a 52 week low of $13.77 and a 52 week high of $24.71. The firm has a 50 day simple moving average of $21.14 and a 200 day simple moving average of $19.56.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings data on Tuesday, September 22nd. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.18. MillerKnoll had a net margin of 2.57% and a return on equity of 10.10%. The firm had revenue of $923.40 million during the quarter, compared to analyst estimates of $940.93 million. During the same quarter last year, the business posted $0.45 EPS. The company’s revenue was down 3.4% on a year-over-year basis. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q2 2027 guidance at 0.430-0.490 EPS. As a group, research analysts expect that MillerKnoll will post 2.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC purchased a new stake in MillerKnoll in the 1st quarter worth approximately $26,000. Versant Capital Management Inc boosted its stake in shares of 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 buying an additional 781 shares during the period. Nykredit A S acquired a new stake in shares of MillerKnoll during the 2nd quarter valued at $28,000. Quantbot Technologies LP purchased a new position in shares of MillerKnoll during the 2nd quarter valued at $29,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of MillerKnoll during the 2nd quarter valued at $41,000. 87.50% of the stock is owned by hedge funds and other institutional investors.

About MillerKnoll

MillerKnoll, Inc is a global design and furniture company that creates, manufactures and sells furnishings and related products for workplaces, homes and public spaces. Its offerings include office chairs, desks, tables, storage, lighting, textiles and accessories.

The company’s portfolio includes brands such as Herman Miller, Knoll, Design Within Reach, HAY and Muuto. Its products serve businesses, institutions, design professionals and residential customers through a mix of direct sales, showrooms, dealers and online channels.

MillerKnoll was formed in 2021 through the combination of Herman Miller and Knoll, bringing together two companies with long histories in furniture and design.