MillerKnoll (NASDAQ:MLKN) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of MillerKnoll (NASDAQ:MLKN) from a buy rating to a hold rating in a research note published on Sunday,Wall Street Zen reports.

Several other equities research analysts also recently commented on the stock. Benchmark raised shares of MillerKnoll from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Weiss Ratings raised shares of MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, MillerKnoll presently has a consensus rating of “Moderate Buy”.

MillerKnoll Price Performance

Shares of MLKN 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. MillerKnoll has a 1 year low of $13.77 and a 1 year high of $24.71. The stock 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 stock’s 50-day moving average price is $21.16 and its two-hundred day moving average price is $19.55.

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

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Saturday, November 28th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, November 27th. MillerKnoll’s dividend payout ratio is currently 53.19%.

Institutional Trading of MillerKnoll

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in MillerKnoll during the second quarter valued at approximately $213,054,000. Dimensional Fund Advisors LP grew its stake in MillerKnoll by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,610,776 shares of the company’s stock valued at $52,211,000 after purchasing an additional 103,372 shares in the last quarter. Pzena Investment Management LLC acquired a new position in shares of MillerKnoll during the 2nd quarter worth approximately $62,049,000. Wellington Management Group LLP increased its position in shares of MillerKnoll by 12.8% during the 2nd quarter. Wellington Management Group LLP now owns 1,390,128 shares of the company’s stock worth $28,442,000 after purchasing an additional 157,355 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of MillerKnoll by 41.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,259,388 shares of the company’s stock worth $18,211,000 after purchasing an additional 366,726 shares during the last quarter. Institutional investors own 87.50% of the company’s stock.

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.