MillerKnoll (NASDAQ:MLKN) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of MillerKnoll (NASDAQ:MLKN) from a hold rating to a buy rating in a research note published on Saturday.

Other analysts have also recently issued reports about the company. Zacks Research upgraded MillerKnoll from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Weiss Ratings upgraded MillerKnoll from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

MillerKnoll Trading Down 0.7%

MillerKnoll stock opened at $21.82 on Friday. MillerKnoll has a 1 year low of $13.77 and a 1 year high of $23.18. The firm’s 50-day moving average is $17.22 and its 200-day moving average is $18.13. 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 company has a market cap of $1.49 billion, a P/E ratio of 16.53, a PEG ratio of 0.90 and a beta of 1.36.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings data on Wednesday, June 24th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. MillerKnoll had a net margin of 2.38% and a return on equity of 9.77%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $973.87 million. During the same quarter in the prior year, the firm earned $0.60 EPS. 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. On average, equities analysts expect that MillerKnoll will post 2.02 earnings per share for the current year.

Hedge Funds Weigh In On MillerKnoll

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its position in MillerKnoll by 166.5% in the 2nd quarter. Versant Capital Management Inc now owns 1,250 shares of the company’s stock valued at $26,000 after acquiring an additional 781 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in MillerKnoll during the 1st quarter worth $26,000. Osaic Holdings Inc. boosted its position in MillerKnoll by 36.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock worth $38,000 after acquiring an additional 519 shares during the period. Lloyd Advisory Services LLC. bought a new position in shares of MillerKnoll in the fourth quarter worth $46,000. Finally, Harbour Investments Inc. grew its stake in shares of MillerKnoll by 47.7% in the fourth quarter. Harbour Investments Inc. now owns 3,095 shares of the company’s stock worth $57,000 after purchasing an additional 1,000 shares in the last quarter. 87.50% of the stock is 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.