MillerKnoll (NASDAQ:MLKN) Rating Increased to Hold at Zacks Research

Key Points

• MillerKnoll has been upgraded by Zacks Research from a "strong sell" rating to a "hold" rating, reflecting a more favorable outlook on the company's stock.
• The company's recent quarterly earnings showed a profit of $0.60 EPS, surpassing analysts' expectations, with revenue increasing by 8.2% year-over-year.
• Institutional investors hold 87.50% of MillerKnoll's stock, indicating strong confidence from major investors in the company's future.

MillerKnoll (NASDAQ:MLKN - Get Free Report) was upgraded by Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Monday, August 25th,Zacks.com reports.

A number of other analysts have also issued reports on MLKN. Benchmark raised shares of MillerKnoll to a "hold" rating in a research note on Friday, June 27th. Wall Street Zen raised shares of MillerKnoll from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold".

MillerKnoll Trading Down 0.7%

MLKN stock traded down $0.15 during mid-day trading on Monday, reaching $21.11. 326,146 shares of the stock traded hands, compared to its average volume of 379,791. The stock has a market capitalization of $1.43 billion, a PE ratio of -37.70, a PEG ratio of 0.97 and a beta of 1.25. MillerKnoll has a one year low of $15.25 and a one year high of $29.77. 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 business has a 50-day moving average price of $20.33 and a two-hundred day moving average price of $18.86.

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

Institutional Trading of MillerKnoll

Hedge funds have recently modified their holdings of the company. Studio Investment Management LLC increased its holdings in shares of MillerKnoll by 29.9% during the fourth quarter. Studio Investment Management LLC now owns 2,149 shares of the company's stock valued at $49,000 after acquiring an additional 495 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of MillerKnoll during the first quarter valued at about $70,000. Canada Pension Plan Investment Board acquired a new position in shares of MillerKnoll during the second quarter valued at about $82,000. CWM LLC increased its holdings in MillerKnoll by 346.9% in the 2nd quarter. CWM LLC now owns 5,072 shares of the company's stock worth $99,000 after buying an additional 3,937 shares during the period. Finally, Rexford Capital Inc. acquired a new position in MillerKnoll in the 2nd quarter worth approximately $101,000. 87.50% of the stock is owned by hedge funds and other institutional investors.

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.