MillerKnoll (NASDAQ:MLKN) Stock Rating Lowered by Wall Street Zen

Key Points

• MillerKnoll's stock has been downgraded by Wall Street Zen from a "buy" rating to a "hold" rating, amid a trend of mixed ratings from other analysts.
• The company's stock price recently decreased by 0.6% to $17.47, with a current market capitalization of $1.20 billion.
• MillerKnoll reported earnings of $0.45 per share for its latest quarter, surpassing estimates, but had a negative net margin of 0.41% and a revenue that fell short of projections.

MillerKnoll (NASDAQ:MLKN - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Friday.

MLKN has been the subject of several other research reports. Zacks Research raised MillerKnoll from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Benchmark upgraded shares of MillerKnoll to a "hold" rating in a research note on Friday, June 27th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of MillerKnoll in a research report on Saturday, September 27th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Reduce".

MillerKnoll Stock Down 0.6%

Shares of MillerKnoll stock traded down $0.11 on Friday, hitting $17.47. The company had a trading volume of 549,483 shares, compared to its average volume of 625,423. The firm has a market capitalization of $1.20 billion, a P/E ratio of -69.88, a P/E/G ratio of 0.81 and a beta of 1.35. MillerKnoll has a twelve month low of $15.25 and a twelve month high of $25.96. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.67 and a quick ratio of 0.96. The stock has a 50-day moving average of $20.08 and a 200-day moving average of $18.63.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its quarterly earnings results on Tuesday, September 23rd. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.11. MillerKnoll had a negative net margin of 0.41% and a positive return on equity of 10.96%. The company had revenue of $906.40 million during the quarter, compared to analysts' expectations of $910.97 million. During the same quarter in the prior year, the company earned $0.36 earnings per share. The business's quarterly revenue was up 10.9% compared to the same quarter last year. MillerKnoll has set its Q2 2026 guidance at 0.380-0.440 EPS. Research analysts predict that MillerKnoll will post 2.12 earnings per share for the current year.

Institutional Investors Weigh In On MillerKnoll

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its holdings in shares of MillerKnoll by 36.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,941 shares of the company's stock valued at $38,000 after purchasing an additional 519 shares in the last quarter. State of Wyoming lifted its position in shares of MillerKnoll by 120.2% during the 2nd quarter. State of Wyoming now owns 33,462 shares of the company's stock worth $650,000 after buying an additional 18,266 shares during the last quarter. Rexford Capital Inc. acquired a new stake in MillerKnoll in the second quarter valued at about $101,000. Public Sector Pension Investment Board grew its position in MillerKnoll by 6.9% in the second quarter. Public Sector Pension Investment Board now owns 230,995 shares of the company's stock valued at $4,486,000 after acquiring an additional 14,854 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of MillerKnoll by 358.6% in the second quarter. Tower Research Capital LLC TRC now owns 7,988 shares of the company's stock worth $155,000 after acquiring an additional 6,246 shares during the last quarter. 87.50% of the stock is currently owned by institutional investors.

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.

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