MillerKnoll (NASDAQ:MLKN) Raised to “Buy” at Wall Street Zen

MillerKnoll (NASDAQ:MLKN) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

A number of other brokerages have also recently weighed in on MLKN. Zacks Research upgraded shares of MillerKnoll from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Weiss Ratings restated a “sell (d+)” rating on shares of MillerKnoll in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, MillerKnoll currently has a consensus rating of “Hold”.

MillerKnoll Price Performance

Shares of MillerKnoll stock opened at $15.62 on Friday. The firm has a fifty day simple moving average of $18.60 and a 200-day simple moving average of $18.46. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 1.02. MillerKnoll has a 1-year low of $15.25 and a 1-year high of $25.96. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -62.48, a PEG ratio of 0.71 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 for the quarter. MillerKnoll had a negative net margin of 0.41% and a positive return on equity of 10.96%. The business had revenue of $92.95 million during the quarter. On average, sell-side analysts expect that MillerKnoll will post 2.12 earnings per share for the current year.

Hedge Funds Weigh In On MillerKnoll

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. increased its position in MillerKnoll by 7.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,329,264 shares of the company’s stock worth $44,582,000 after acquiring an additional 170,504 shares during the period. Deprince Race & Zollo Inc. increased its holdings in MillerKnoll by 10.6% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,989,356 shares of the company’s stock valued at $35,291,000 after buying an additional 191,249 shares during the period. Charles Schwab Investment Management Inc. increased its holdings 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 valued at $25,721,000 after buying an additional 30,880 shares during the period. LSV Asset Management increased its holdings in MillerKnoll by 4.0% in the 2nd quarter. LSV Asset Management now owns 1,331,199 shares of the company’s stock valued at $25,852,000 after buying an additional 50,715 shares during the period. Finally, Forager Capital Management LLC increased its holdings in MillerKnoll by 10.2% in the 2nd quarter. Forager Capital Management LLC now owns 1,301,841 shares of the company’s stock valued at $25,282,000 after buying an additional 120,000 shares during the period. 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.