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

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 lowered shares of MillerKnoll (NASDAQ:MLKN - Free Report) from a buy rating to a hold rating in a research report released on Sunday morning.

Several other research firms have also recently weighed in on MLKN. Zacks Research upgraded MillerKnoll from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Benchmark upgraded MillerKnoll to a "hold" rating in a research report on Friday, June 27th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

MillerKnoll Stock Performance

MLKN stock traded up $0.04 during trading hours on Friday, hitting $20.47. 392,047 shares of the stock were exchanged, compared to its average volume of 346,276. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $1.40 billion, a P/E ratio of 10.48, a P/E/G ratio of 0.94 and a beta of 1.25. The company has a 50-day simple moving average of $20.50 and a two-hundred day simple moving average of $18.76. MillerKnoll has a 12 month low of $15.25 and a 12 month high of $28.33.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The company reported $0.60 earnings per share for the quarter, topping 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 positive return on equity of 10.44% and a negative net margin of 1.01%.The company's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 EPS. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. On average, analysts forecast that MillerKnoll will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Sunday, August 31st will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, August 29th. MillerKnoll's dividend payout ratio is presently -133.93%.

Hedge Funds Weigh In On MillerKnoll

Several hedge funds and other institutional investors have recently modified their holdings of MLKN. Cetera Investment Advisers bought a new position in shares of MillerKnoll in the 4th quarter valued at $237,000. Deutsche Bank AG increased its stake in shares of MillerKnoll by 46.1% in the 4th quarter. Deutsche Bank AG now owns 62,155 shares of the company's stock valued at $1,404,000 after purchasing an additional 19,611 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of MillerKnoll by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,679 shares of the company's stock valued at $896,000 after purchasing an additional 1,508 shares during the last quarter. Millennium Management LLC increased its stake in shares of MillerKnoll by 43.7% in the 4th quarter. Millennium Management LLC now owns 877,809 shares of the company's stock valued at $19,830,000 after purchasing an additional 267,097 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of MillerKnoll by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 21,012 shares of the company's stock valued at $475,000 after purchasing an additional 6,457 shares during the last quarter. Institutional investors own 87.50% of the company's stock.

MillerKnoll Company Profile

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.