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

MillerKnoll (NASDAQ:MLKN) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other equities analysts have also weighed in on MLKN. Zacks Research raised MillerKnoll from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Weiss Ratings reissued a “sell (d)” rating on shares of MillerKnoll in a research note on Saturday, September 27th. Finally, Benchmark raised MillerKnoll to a “hold” rating in a research note on Friday, June 27th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

MillerKnoll Trading Down 0.6%

NASDAQ:MLKN opened at $17.47 on Friday. MillerKnoll has a 1-year low of $15.25 and a 1-year high of $25.96. The business’s 50-day moving average price is $20.08 and its two-hundred day moving average price is $18.63. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -69.88, a PEG ratio of 0.80 and a beta of 1.35.

MillerKnoll (NASDAQ:MLKN) last released its earnings results on Tuesday, September 23rd. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.11. MillerKnoll had a positive return on equity of 10.96% and a negative net margin of 0.41%.The firm had revenue of $906.40 million for the quarter, compared to analyst estimates of $910.97 million. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. MillerKnoll has set its Q2 2026 guidance at 0.380-0.440 EPS. On average, equities analysts expect that MillerKnoll will post 2.12 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MLKN. Arrowstreet Capital Limited Partnership grew its holdings in shares of MillerKnoll by 81.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 798,349 shares of the company’s stock worth $15,504,000 after buying an additional 358,886 shares in the last quarter. LSV Asset Management grew its holdings in shares of MillerKnoll by 36.4% during the first quarter. LSV Asset Management now owns 1,280,484 shares of the company’s stock worth $24,508,000 after buying an additional 342,048 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of MillerKnoll by 311.8% during the first quarter. Jane Street Group LLC now owns 414,275 shares of the company’s stock worth $7,929,000 after buying an additional 313,684 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of MillerKnoll by 877.9% during the first quarter. Raymond James Financial Inc. now owns 334,772 shares of the company’s stock worth $6,407,000 after buying an additional 300,539 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of MillerKnoll during the first quarter worth about $3,685,000. 87.50% of the stock is currently owned by institutional investors.

MillerKnoll Company Profile

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.