MillerKnoll (NASDAQ:MLKN) Stock Rating Lowered by Zacks Research

MillerKnoll (NASDAQ:MLKN) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. Wall Street Zen raised shares of MillerKnoll from a “hold” rating to a “buy” rating in a research note on Sunday, November 2nd. Weiss Ratings restated a “sell (d)” rating on shares of MillerKnoll in a research report on Monday. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, MillerKnoll has a consensus rating of “Reduce”.

MillerKnoll Trading Down 0.3%

Shares of MLKN opened at $15.70 on Monday. The stock’s fifty day simple moving average is $16.06 and its 200-day simple moving average is $18.23. The firm has a market capitalization of $1.08 billion, a PE ratio of -62.80, a price-to-earnings-growth ratio of 0.71 and a beta of 1.32. MillerKnoll has a 12-month low of $13.77 and a 12-month high of $25.94. The company has a quick ratio of 0.96, a current ratio of 1.67 and a debt-to-equity ratio of 1.02.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings data on Wednesday, February 16th. The company reported $0.35 earnings per share for the quarter. The firm had revenue of $92.95 million during the quarter. MillerKnoll had a positive return on equity of 10.96% and a negative net margin of 0.41%. As a group, research analysts predict that MillerKnoll will post 2.12 earnings per share for the current year.

Institutional Trading of MillerKnoll

A number of large investors have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its stake in MillerKnoll by 36.5% in the second quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after buying an additional 519 shares in the last quarter. Amalgamated Bank increased its position in shares of MillerKnoll by 3.4% during the third quarter. Amalgamated Bank now owns 20,072 shares of the company’s stock worth $356,000 after acquiring an additional 668 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of MillerKnoll by 0.4% during the second quarter. Legal & General Group Plc now owns 192,219 shares of the company’s stock worth $3,733,000 after acquiring an additional 678 shares during the period. Hsbc Holdings PLC lifted its position in MillerKnoll by 7.8% in the 1st quarter. Hsbc Holdings PLC now owns 10,350 shares of the company’s stock valued at $201,000 after acquiring an additional 753 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in MillerKnoll by 2.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company’s stock worth $775,000 after purchasing an additional 801 shares during the period. 87.50% of the stock is owned by institutional investors.

MillerKnoll Company Profile

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.