MillerKnoll (NASDAQ:MLKN) Stock Lifted to Strong-Buy by Benchmark

Benchmark upgraded shares of MillerKnoll (NASDAQ:MLKN) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks reports.

MLKN has been the topic of several other research reports. Wall Street Zen downgraded MillerKnoll from a “buy” rating to a “hold” rating in a report on Sunday, July 26th. Weiss Ratings raised MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

MillerKnoll Trading Up 0.4%

MLKN stock opened at $20.72 on Tuesday. The company has a market capitalization of $1.43 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 0.85 and a beta of 1.36. MillerKnoll has a one year low of $13.77 and a one year high of $24.71. The company’s 50 day moving average price is $22.17 and its two-hundred day moving average price is $18.96. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.90 and a current ratio of 1.65.

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

MillerKnoll Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Saturday, August 29th will be given a dividend of $0.1875 per share. The ex-dividend date is Friday, August 28th. This represents a $0.75 annualized dividend and a dividend yield of 3.6%. MillerKnoll’s payout ratio is currently 53.19%.

Hedge Funds Weigh In On MillerKnoll

A number of institutional investors have recently added to or reduced their stakes in MLKN. Integrated Wealth Concepts LLC purchased a new position in MillerKnoll during the second quarter valued at $41,000. Nykredit A S bought a new position in shares of MillerKnoll in the 2nd quarter worth about $28,000. Amundi bought a new position in shares of MillerKnoll in the 2nd quarter worth about $373,000. HighTower Advisors LLC purchased a new position in MillerKnoll during the 2nd quarter valued at about $236,000. Finally, Susquehanna Fundamental Investments LLC boosted its stake in MillerKnoll by 48.0% during the second quarter. Susquehanna Fundamental Investments LLC now owns 170,612 shares of the company’s stock worth $3,491,000 after acquiring an additional 55,307 shares in 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 furnishings and related products for workplaces, homes, healthcare facilities, educational institutions and hospitality environments. Its offerings include seating, desks, tables, storage, lighting, textiles and accessories, as well as solutions designed to support collaboration, privacy and flexible work settings.

The company’s portfolio includes brands such as Herman Miller, Knoll, Design Within Reach, Muuto, HAY, Maharam and Colebrook Bosson Saunders.