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

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.

MillerKnoll (NASDAQ:MLKN - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Monday.

Other equities analysts have also recently issued research 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 investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

MillerKnoll Stock Performance

Shares of MLKN opened at $20.03 on Monday. The firm has a 50-day moving average of $20.44 and a 200-day moving average of $18.74. MillerKnoll has a one year low of $15.25 and a one year high of $25.96. The company has a market cap of $1.37 billion, a PE ratio of -35.77, a price-to-earnings-growth ratio of 0.92 and a beta of 1.25. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.58 and a quick ratio of 0.94.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its quarterly earnings data 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 negative net margin of 1.01% and a positive return on equity of 10.44%. The company had revenue of $961.80 million during the quarter, compared to the consensus estimate of $913.80 million. During the same quarter last year, the firm posted $0.67 EPS. The company's quarterly revenue was up 8.2% on a year-over-year basis. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. As a group, equities analysts forecast that MillerKnoll will post 2.12 earnings per share for the current year.

Institutional Investors Weigh In On MillerKnoll

A number of institutional investors have recently made changes to their positions in MLKN. Osaic Holdings Inc. boosted its stake in 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 during the period. Summit Securities Group LLC bought a new stake in MillerKnoll in the 1st quarter valued at $70,000. Canada Pension Plan Investment Board bought a new stake in MillerKnoll in the 2nd quarter valued at $82,000. CWM LLC boosted its position in shares of MillerKnoll by 346.9% in the second quarter. CWM LLC now owns 5,072 shares of the company's stock valued at $99,000 after acquiring an additional 3,937 shares during the period. Finally, Rexford Capital Inc. bought a new stake in shares of MillerKnoll in the second quarter valued at about $101,000. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.