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

Key Points

• MillerKnoll's stock rating has been downgraded from "buy" to "hold" by Wall Street Zen, as part of a more cautious outlook from analysts.
• Despite the downgrade, the company reported better-than-expected quarterly earnings with an EPS of $0.60, surpassing the consensus estimate of $0.44.
• Recent activity from institutional investors shows confidence in MillerKnoll, with hedge funds increasing their stakes significantly, including a 346.9% increase by CWM LLC.

Wall Street Zen cut shares of MillerKnoll (NASDAQ:MLKN - Free Report) from a buy rating to a hold rating in a report released on Sunday.

MLKN has been the topic of several other research reports. Zacks Research raised shares of MillerKnoll from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Benchmark raised shares of MillerKnoll to a "hold" rating in a research note on Friday, June 27th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, MillerKnoll presently has a consensus rating of "Hold".

MillerKnoll Price Performance

MillerKnoll stock traded up $0.40 during trading hours on Friday, hitting $20.44. 450,369 shares of the company traded hands, compared to its average volume of 357,386. The firm has a market cap of $1.40 billion, a P/E ratio of -36.50, a P/E/G ratio of 0.92 and a beta of 1.25. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 1.03. The firm's 50-day simple moving average is $20.46 and its two-hundred day simple moving average is $18.77. MillerKnoll has a 1-year low of $15.25 and a 1-year high of $28.20.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its earnings results on Wednesday, June 25th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.44 by $0.16. The firm had revenue of $961.80 million for the quarter, compared to analysts' expectations of $913.80 million. MillerKnoll had a negative net margin of 1.01% and a positive return on equity of 10.44%. MillerKnoll's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. As a group, analysts forecast that MillerKnoll will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Sunday, August 31st will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, August 29th. MillerKnoll's dividend payout ratio (DPR) is currently -133.93%.

Institutional Trading of MillerKnoll

Several institutional investors have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of MillerKnoll by 7.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,329,264 shares of the company's stock worth $44,582,000 after purchasing an additional 170,504 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of MillerKnoll by 2.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,343,825 shares of the company's stock worth $25,721,000 after purchasing an additional 30,880 shares during the period. LSV Asset Management boosted its holdings in shares of MillerKnoll by 4.0% during the second quarter. LSV Asset Management now owns 1,331,199 shares of the company's stock worth $25,852,000 after purchasing an additional 50,715 shares during the period. Forager Capital Management LLC boosted its holdings in shares of MillerKnoll by 10.2% during the second quarter. Forager Capital Management LLC now owns 1,301,841 shares of the company's stock worth $25,282,000 after purchasing an additional 120,000 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of MillerKnoll by 12.7% during the second quarter. Bank of America Corp DE now owns 1,040,492 shares of the company's stock worth $20,206,000 after purchasing an additional 117,000 shares during the period. 87.50% of the stock is currently owned by institutional investors and hedge funds.

About MillerKnoll

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.