MillerKnoll (NASDAQ:MLKN) Rating Lowered to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded MillerKnoll from Buy to Hold. Despite the cut, MarketBeat’s analyst consensus remains “Moderate Buy,” with ratings ranging from Strong Buy to Hold.
• MillerKnoll reported quarterly EPS of $0.53, beating the $0.35 consensus, but revenue of $923.4 million missed expectations and declined 3.4% year over year.
• The company issued FY2027 EPS guidance of $1.85–$2.15; analysts currently expect full-year EPS of $2.02.

MillerKnoll (NASDAQ:MLKN - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Sunday, Wall Street Zen reports.

Several other equities research analysts have also weighed in 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 raised MillerKnoll from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

MillerKnoll Stock Down 2.3%

MillerKnoll stock opened at $21.49 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.65 and a debt-to-equity ratio of 0.94. The business's 50-day moving average price is $21.16 and its 200 day moving average price is $19.55. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. MillerKnoll has a 52 week low of $13.77 and a 52 week high of $24.71.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its quarterly earnings results on Tuesday, September 22nd. The company reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.18. The company had revenue of $923.40 million for 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 quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share. 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, sell-side analysts anticipate that MillerKnoll will post 2.02 earnings per share for the current year.

Institutional Investors Weigh In On MillerKnoll

Large investors have recently modified their holdings of the company. Cassaday & Co Wealth Management LLC acquired a new position in shares of MillerKnoll in the 1st quarter valued at $26,000. Versant Capital Management Inc boosted its stake 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 period. Nykredit A S acquired a new stake in MillerKnoll during the 2nd quarter worth $28,000. Quantbot Technologies LP acquired a new stake in MillerKnoll during the 2nd quarter worth $29,000. Finally, Integrated Wealth Concepts LLC purchased a new position in MillerKnoll during the 2nd quarter worth $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.

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