MillerKnoll (NASDAQ:MLKN) Upgraded by Zacks Research to Hold Rating

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 equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

MLKN has been the subject of a number of other research reports. Wall Street Zen upgraded shares of MillerKnoll from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Benchmark upgraded shares of MillerKnoll to a "hold" rating in a research note on Friday, June 27th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, MillerKnoll has a consensus rating of "Hold".

MillerKnoll Trading Down 1.7%

Shares of MLKN stock opened at $21.52 on Monday. MillerKnoll has a 52-week low of $15.25 and a 52-week high of $30.00. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -38.43, a P/E/G ratio of 1.01 and a beta of 1.22. 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 fifty day moving average of $19.99 and a 200-day moving average of $18.92.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its quarterly earnings data 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. 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 analysts' expectations of $913.80 million. During the same quarter in the prior year, the company posted $0.67 EPS. The business's revenue was up 8.2% on a year-over-year basis. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. On average, equities research analysts forecast that MillerKnoll will post 2.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MillerKnoll

Institutional investors and hedge funds have recently made changes to their positions in the company. State of Wyoming lifted its position in 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 in the last quarter. Rexford Capital Inc. acquired a new position in MillerKnoll during the 2nd quarter worth about $101,000. Public Sector Pension Investment Board lifted its position in MillerKnoll by 6.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 230,995 shares of the company's stock worth $4,486,000 after buying an additional 14,854 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in MillerKnoll by 358.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,988 shares of the company's stock worth $155,000 after buying an additional 6,246 shares in the last quarter. Finally, Front Street Capital Management Inc. lifted its position in MillerKnoll by 6.6% during the 2nd quarter. Front Street Capital Management Inc. now owns 649,373 shares of the company's stock worth $12,611,000 after buying an additional 40,080 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.

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