MillerKnoll, Inc. (NASDAQ:MLKN) Receives Average Rating of “Hold” from Brokerages

MillerKnoll, Inc. (NASDAQ:MLKN) has earned a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company.

A number of research analysts recently commented on MLKN shares. Zacks Research downgraded shares of MillerKnoll from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Wall Street Zen downgraded MillerKnoll from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. William Blair began coverage on MillerKnoll in a research note on Tuesday, February 10th. They issued an “outperform” rating for the company. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of MillerKnoll in a report on Monday, December 29th.

Institutional Investors Weigh In On MillerKnoll

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of MillerKnoll by 7.9% during the 4th quarter. Vanguard Group Inc. now owns 8,550,194 shares of the company’s stock worth $156,298,000 after purchasing an additional 623,035 shares during the period. Alliancebernstein L.P. raised its position in MillerKnoll by 7.1% in the 3rd quarter. Alliancebernstein L.P. now owns 5,166,059 shares of the company’s stock worth $91,646,000 after purchasing an additional 340,917 shares during the period. Deprince Race & Zollo Inc. raised its position in MillerKnoll by 27.2% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,530,994 shares of the company’s stock worth $46,267,000 after purchasing an additional 541,638 shares during the period. Invesco Ltd. lifted its stake in MillerKnoll by 8.0% in the fourth quarter. Invesco Ltd. now owns 1,956,425 shares of the company’s stock worth $35,763,000 after purchasing an additional 145,544 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of MillerKnoll by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,552,213 shares of the company’s stock valued at $28,374,000 after buying an additional 50,843 shares during the period. Institutional investors own 87.50% of the company’s stock.

MillerKnoll Trading Down 3.0%

Shares of MLKN opened at $19.11 on Friday. The stock has a market capitalization of $1.30 billion, a PE ratio of -49.00, a P/E/G ratio of 0.83 and a beta of 1.31. The company’s fifty day moving average is $20.25 and its 200 day moving average is $18.44. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.95 and a current ratio of 1.66. MillerKnoll has a fifty-two week low of $13.77 and a fifty-two week high of $23.18.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data on Wednesday, December 17th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. MillerKnoll had a negative net margin of 0.68% and a positive return on equity of 10.32%. The business had revenue of $955.20 million during the quarter, compared to analysts’ expectations of $943.13 million. During the same period last year, the company posted $0.55 EPS. The business’s revenue was down 1.6% on a year-over-year basis. MillerKnoll has set its Q3 2026 guidance at 0.420-0.480 EPS. Sell-side analysts expect that MillerKnoll will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Saturday, February 28th will be given a dividend of $0.1875 per share. The ex-dividend date is Friday, February 27th. This represents a $0.75 dividend on an annualized basis and a yield of 3.9%. MillerKnoll’s payout ratio is -192.31%.

About MillerKnoll

MillerKnoll, Inc (NASDAQ: MLKN) is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.