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

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

Other analysts have also recently issued reports about the stock. Zacks Research upgraded shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Weiss Ratings raised 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

MillerKnoll Price Performance

MLKN opened at $21.82 on Friday. The company has a market capitalization of $1.49 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 0.90 and a beta of 1.36. The firm has a 50-day simple moving average of $17.22 and a two-hundred day simple moving average of $18.13. The company has a quick ratio of 0.90, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. MillerKnoll has a 52 week low of $13.77 and a 52 week high of $23.18.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings results on Wednesday, June 24th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. MillerKnoll had a return on equity of 9.77% and a net margin of 2.38%.The company had revenue of $1 billion during the quarter, compared to analyst estimates of $973.87 million. During the same period in the prior year, the company earned $0.60 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. Analysts forecast that MillerKnoll will post 2.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MillerKnoll

Institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. grew its stake in shares of 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 acquiring an additional 519 shares during the last quarter. ProShare Advisors LLC raised its position in shares of MillerKnoll by 4.4% in the 4th quarter. ProShare Advisors LLC now owns 13,308 shares of the company’s stock valued at $243,000 after purchasing an additional 558 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in MillerKnoll by 9.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 7,676 shares of the company’s stock worth $140,000 after purchasing an additional 690 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in MillerKnoll by 2.0% in the 4th quarter. State of Alaska Department of Revenue now owns 38,972 shares of the company’s stock worth $711,000 after purchasing an additional 767 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in MillerKnoll by 166.5% during the 2nd quarter. Versant Capital Management Inc now owns 1,250 shares of the company’s stock worth $26,000 after purchasing an additional 781 shares during the last quarter. Institutional investors own 87.50% of the company’s stock.

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.