MillerKnoll (NASDAQ:MLKN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of MillerKnoll (NASDAQ:MLKN) from a hold rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Several other brokerages have also recently commented on MLKN. Benchmark upgraded MillerKnoll from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Weiss Ratings upgraded shares of MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

MillerKnoll Stock Performance

NASDAQ MLKN opened at $22.44 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.94. MillerKnoll has a 1 year low of $13.77 and a 1 year high of $24.71. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 10.69, a P/E/G ratio of 0.85 and a beta of 1.36. The firm’s 50 day simple moving average is $21.27 and its 200 day simple moving average is $19.50.

MillerKnoll (NASDAQ:MLKN) last released its earnings results on Tuesday, September 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.18. The firm had revenue of $923.40 million for the quarter, compared to analysts’ expectations of $940.93 million. MillerKnoll had a return on equity of 10.10% and a net margin of 2.57%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 earnings per share. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q2 2027 guidance at 0.430-0.490 EPS. As a group, research analysts expect that MillerKnoll will post 2.02 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Saturday, November 28th will be issued a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, November 27th. This represents a $0.75 dividend on an annualized basis and a yield of 3.3%. MillerKnoll’s dividend payout ratio is 53.19%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC bought a new position in shares of MillerKnoll in the first quarter valued at approximately $26,000. Versant Capital Management Inc grew its position in shares of MillerKnoll by 166.5% during the 2nd quarter. Versant Capital Management Inc now owns 1,250 shares of the company’s stock valued at $26,000 after purchasing an additional 781 shares in the last quarter. Nykredit A S bought a new position in shares of MillerKnoll in the second quarter worth $28,000. Quantbot Technologies LP bought a new position in shares of MillerKnoll in the second quarter worth $29,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of MillerKnoll in the second quarter worth $41,000. Hedge funds and other institutional investors own 87.50% of the company’s stock.

MillerKnoll Company Profile

MillerKnoll, Inc is a global design company that develops and sells furnishings, accessories and related products for workplaces, homes, healthcare facilities, educational institutions and hospitality environments. Its offerings include office seating, desks, tables, storage, lighting, textiles and architectural products, along with residential furniture and decorative accessories.

The company markets products through a portfolio of brands that includes Herman Miller, Knoll, Design Within Reach, HAY, Muuto, Maharam, Geiger, Holly Hunt, Edelman Leather, DatesWeiser and Colebrook Bosson Saunders.