MillerKnoll (NASDAQ:MLKN) Stock Moved Up to Buy by Wall Street Zen

Key Points

• Wall Street Zen upgraded MillerKnoll from “hold” to “buy,” while the broader analyst consensus remains “Moderate Buy,” including one Strong Buy, one Buy and two Hold ratings.
• MillerKnoll’s latest quarterly earnings beat expectations, with EPS of $0.53 versus the $0.35 consensus estimate, although revenue fell 3.4% year over year to $923.4 million.
• MLKN shares were trading near $21.49, with a $1.48 billion market capitalization; institutional investors and hedge funds own approximately 87.5% of the company.

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

Several other research analysts have also recently commented on MLKN. Weiss Ratings raised shares of MillerKnoll from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Benchmark upgraded MillerKnoll from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 6th. One investment 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 company currently has an average rating of "Moderate Buy".

MillerKnoll Trading Up 0.8%

MLKN stock opened at $21.49 on Friday. MillerKnoll has a 52 week low of $13.77 and a 52 week high of $24.71. The company has a market capitalization of $1.48 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 0.88 and a beta of 1.36. The company's 50-day simple moving average is $21.28 and its 200 day simple moving average is $19.48. 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 - Get Free Report) last issued its quarterly earnings data on Tuesday, September 22nd. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.18. The business had revenue of $923.40 million during the quarter, compared to analysts' expectations of $940.93 million. MillerKnoll had a net margin of 2.57% and a return on equity of 10.10%. The business's revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. As a group, sell-side analysts anticipate that MillerKnoll will post 2.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MLKN. Integrated Wealth Concepts LLC bought a new position in MillerKnoll in the second quarter valued at approximately $41,000. Nykredit A S bought a new stake in MillerKnoll during the second quarter worth $28,000. Amundi bought a new stake in MillerKnoll during the second quarter worth $373,000. HighTower Advisors LLC bought a new stake in MillerKnoll during the second quarter worth $236,000. Finally, Susquehanna Fundamental Investments LLC boosted its holdings in shares of MillerKnoll by 48.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 170,612 shares of the company's stock valued at $3,491,000 after purchasing an additional 55,307 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company's stock.

About MillerKnoll

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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