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

Key Points

• MillerKnoll has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating a more positive outlook from analysts for the stock.
• The company reported earnings of $0.60 per share, exceeding analysts' estimates, with an 8.2% increase in revenue compared to the same quarter last year.
• Currently, 87.5% of MillerKnoll's stock is held by institutional investors and hedge funds, reflecting strong institutional interest in the company.

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

Other equities analysts also recently issued research reports about the stock. Benchmark upgraded shares of MillerKnoll to a "hold" rating in a research note on Friday, June 27th. Zacks Research upgraded shares of MillerKnoll from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, MillerKnoll currently has an average rating of "Hold".

MillerKnoll Stock Up 4.3%

Shares of MillerKnoll stock traded up $0.87 during trading hours on Friday, reaching $21.09. 479,534 shares of the company were exchanged, compared to its average volume of 342,078. MillerKnoll has a 1 year low of $15.25 and a 1 year high of $28.33. The stock's fifty day moving average is $20.52 and its 200 day moving average is $18.82. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 1.58. The firm has a market cap of $1.44 billion, a PE ratio of -37.66, a PEG ratio of 0.93 and a beta of 1.25.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted 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 analyst estimates of $913.80 million. MillerKnoll had a positive return on equity of 10.44% and a negative net margin of 1.01%.MillerKnoll's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 earnings per share. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. As a group, equities research analysts forecast that MillerKnoll will post 2.12 earnings per share for the current year.

MillerKnoll Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Sunday, August 31st will be paid a dividend of $0.1875 per share. The ex-dividend date is Friday, August 29th. This represents a $0.75 annualized dividend and a dividend yield of 3.6%. MillerKnoll's dividend payout ratio is -133.93%.

Institutional Investors Weigh In On MillerKnoll

Several hedge funds have recently made changes to their positions in MLKN. Studio Investment Management LLC raised its holdings in MillerKnoll by 29.9% during the fourth quarter. Studio Investment Management LLC now owns 2,149 shares of the company's stock worth $49,000 after purchasing an additional 495 shares in the last quarter. Osaic Holdings Inc. raised its holdings in MillerKnoll by 36.5% during the second quarter. Osaic Holdings Inc. now owns 1,941 shares of the company's stock worth $38,000 after purchasing an additional 519 shares in the last quarter. Legal & General Group Plc raised its holdings in MillerKnoll by 0.4% during the second quarter. Legal & General Group Plc now owns 192,219 shares of the company's stock worth $3,733,000 after purchasing an additional 678 shares in the last quarter. Hsbc Holdings PLC raised its holdings in MillerKnoll by 7.8% during the first quarter. Hsbc Holdings PLC now owns 10,350 shares of the company's stock worth $201,000 after purchasing an additional 753 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in MillerKnoll by 2.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company's stock worth $775,000 after purchasing an additional 801 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company's stock.

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.