MillerKnoll (NASDAQ:MLKN) Upgraded at Zacks Research

Zacks Research upgraded shares of MillerKnoll (NASDAQ:MLKN) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. Benchmark raised shares of MillerKnoll to a “hold” rating in a research report on Friday, June 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MillerKnoll in a report on Tuesday. Finally, Wall Street Zen downgraded shares of MillerKnoll from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, MillerKnoll presently has a consensus rating of “Hold”.

MillerKnoll Trading Down 0.2%

Shares of MLKN stock opened at $16.74 on Tuesday. MillerKnoll has a 1 year low of $15.25 and a 1 year high of $25.96. The firm has a fifty day moving average price of $19.57 and a 200-day moving average price of $18.48. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.67 and a quick ratio of 0.96. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -66.96, a PEG ratio of 0.75 and a beta of 1.35.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data on Wednesday, February 16th. The company reported $0.35 earnings per share (EPS) for the quarter. MillerKnoll had a negative net margin of 0.41% and a positive return on equity of 10.96%. The firm had revenue of $92.95 million during the quarter. As a group, equities analysts predict that MillerKnoll will post 2.12 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. lifted its stake in MillerKnoll by 7.9% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,329,264 shares of the company’s stock worth $44,582,000 after purchasing an additional 170,504 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in MillerKnoll by 2.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,343,825 shares of the company’s stock worth $25,721,000 after purchasing an additional 30,880 shares in the last quarter. LSV Asset Management lifted its stake in MillerKnoll by 4.0% in the 2nd quarter. LSV Asset Management now owns 1,331,199 shares of the company’s stock worth $25,852,000 after purchasing an additional 50,715 shares in the last quarter. Forager Capital Management LLC lifted its stake in MillerKnoll by 10.2% in the 2nd quarter. Forager Capital Management LLC now owns 1,301,841 shares of the company’s stock worth $25,282,000 after purchasing an additional 120,000 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in MillerKnoll by 12.7% in the 2nd quarter. Bank of America Corp DE now owns 1,040,492 shares of the company’s stock worth $20,206,000 after purchasing an additional 117,000 shares in the last quarter. 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.