MillerKnoll (NASDAQ:MLKN) Upgraded at Zacks Research

Zacks Research upgraded shares of MillerKnoll (NASDAQ:MLKN) from a strong sell rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other research analysts also recently commented on the stock. 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.com, the stock presently has a consensus rating of “Hold”.

MillerKnoll Price Performance

NASDAQ:MLKN opened at $21.52 on Monday. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -38.43, a price-to-earnings-growth ratio of 0.99 and a beta of 1.22. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The company’s 50-day moving average is $20.08 and its two-hundred day moving average is $18.94. MillerKnoll has a 12-month low of $15.25 and a 12-month high of $29.77.

MillerKnoll (NASDAQ:MLKN) last released 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 company had revenue of $961.80 million for 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 firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. Research analysts expect that MillerKnoll will post 2.12 EPS for the current year.

MillerKnoll Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Sunday, August 31st will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 29th. MillerKnoll’s dividend payout ratio is -133.93%.

Institutional Trading of MillerKnoll

A number of institutional investors and hedge funds have recently bought and sold shares of the business. State of Wyoming increased 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 purchasing an additional 18,266 shares in the last quarter. Rexford Capital Inc. acquired a new stake in MillerKnoll during the 2nd quarter worth approximately $101,000. Public Sector Pension Investment Board increased 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 purchasing an additional 14,854 shares in the last quarter. Tower Research Capital LLC TRC increased 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 purchasing an additional 6,246 shares in the last quarter. Finally, Front Street Capital Management Inc. increased 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 purchasing 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.