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

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

A number of other analysts have also issued reports on the company. Weiss Ratings raised MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Benchmark upgraded MillerKnoll from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

MillerKnoll Price Performance

MillerKnoll stock opened at $21.49 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.94. The company has a market cap of $1.48 billion, a P/E ratio of 15.24, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The company has a fifty day simple moving average of $21.28 and a 200 day simple moving average of $19.48. MillerKnoll has a 1-year low of $13.77 and a 1-year high of $24.71.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results 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 return on equity of 10.10% and a net margin of 2.57%. The business had revenue of $923.40 million for the quarter, compared to analyst estimates of $940.93 million. During the same period last year, the company posted $0.45 earnings per share. MillerKnoll’s quarterly revenue was down 3.4% compared to the same quarter last year. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q2 2027 guidance at 0.430-0.490 EPS. Research analysts anticipate that MillerKnoll will post 2.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MillerKnoll

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Cassaday & Co Wealth Management LLC acquired a new stake in MillerKnoll in the 1st quarter valued at about $26,000. Versant Capital Management Inc raised its holdings 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 acquiring an additional 781 shares in the last quarter. Nykredit A S acquired a new position in shares of MillerKnoll in the second quarter valued at approximately $28,000. Quantbot Technologies LP bought a new position in MillerKnoll in the second quarter valued at about $29,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of MillerKnoll in the 2nd quarter worth approximately $41,000. 87.50% of the stock is owned by institutional investors and hedge funds.

MillerKnoll Company Profile

MillerKnoll, Inc is a global design company that develops and sells furnishings, accessories and related products for workplaces, homes, healthcare facilities, educational institutions and hospitality environments. Its offerings include office seating, desks, tables, storage, lighting, textiles and architectural products, along with residential furniture and decorative accessories.

The company markets products through a portfolio of brands that includes Herman Miller, Knoll, Design Within Reach, HAY, Muuto, Maharam, Geiger, Holly Hunt, Edelman Leather, DatesWeiser and Colebrook Bosson Saunders.