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

Key Points

• MillerKnoll has received an upgrade from analysts at Wall Street Zen, moving from a "hold" to a "buy" rating.
• The company reported a quarterly EPS of $0.60, surpassing expectations, with quarterly revenues increasing by 8.2% year-over-year.
• Institutional investors hold 87.50% of MillerKnoll's stocks, demonstrating significant 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 research note published on Monday morning.

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

MillerKnoll Stock Down 0.6%

MLKN stock traded down $0.13 during trading on Monday, reaching $19.90. The stock had a trading volume of 524,589 shares, compared to its average volume of 378,712. 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 company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of 0.92 and a beta of 1.25. The company's 50 day moving average is $20.43 and its two-hundred day moving average is $18.73. MillerKnoll has a one year low of $15.25 and a one year high of $25.96.

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

MillerKnoll Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Sunday, August 31st will be issued a $0.1875 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.8%. MillerKnoll's dividend payout ratio (DPR) is currently -133.93%.

Institutional Investors Weigh In On MillerKnoll

Institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. raised its holdings in shares of 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 during the last quarter. State of Wyoming boosted its stake in shares of MillerKnoll by 120.2% in the second quarter. State of Wyoming now owns 33,462 shares of the company's stock worth $650,000 after acquiring an additional 18,266 shares during the last quarter. Rexford Capital Inc. acquired a new stake in shares of MillerKnoll in the second quarter worth approximately $101,000. Public Sector Pension Investment Board boosted its position in MillerKnoll by 6.9% during the second quarter. Public Sector Pension Investment Board now owns 230,995 shares of the company's stock worth $4,486,000 after acquiring an additional 14,854 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in MillerKnoll by 358.6% during 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 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.