MillerKnoll (NASDAQ:MLKN) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of MillerKnoll (NASDAQ:MLKN) from a buy rating to a hold rating in a report released on Sunday.

MLKN has been the topic of several other reports. Zacks Research upgraded shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Weiss Ratings upgraded shares of MillerKnoll from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, MillerKnoll presently has a consensus rating of “Hold”.

MillerKnoll Price Performance

Shares of NASDAQ MLKN opened at $23.60 on Friday. The firm has a market capitalization of $1.61 billion, a P/E ratio of 17.88, a PEG ratio of 0.93 and a beta of 1.36. MillerKnoll has a one year low of $13.77 and a one year high of $23.77. The company’s fifty day moving average is $18.24 and its two-hundred day moving average is $18.30. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.90 and a current ratio of 1.58.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings results on Wednesday, June 24th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. MillerKnoll had a net margin of 2.38% and a return on equity of 9.77%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $973.87 million. During the same quarter last year, the firm posted $0.60 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. Analysts forecast that MillerKnoll will post 2.02 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Saturday, August 29th will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, August 28th. MillerKnoll’s payout ratio is currently 56.82%.

Institutional Trading of MillerKnoll

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in MillerKnoll by 7.9% during the fourth quarter. Vanguard Group Inc. now owns 8,550,194 shares of the company’s stock valued at $156,298,000 after buying an additional 623,035 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of MillerKnoll by 7.1% in the 3rd quarter. Alliancebernstein L.P. now owns 5,166,059 shares of the company’s stock valued at $91,646,000 after acquiring an additional 340,917 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of MillerKnoll by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,610,776 shares of the company’s stock valued at $52,211,000 after acquiring an additional 103,372 shares in the last quarter. Deprince Race & Zollo Inc. lifted its holdings in shares of MillerKnoll by 27.2% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,530,994 shares of the company’s stock valued at $46,267,000 after acquiring an additional 541,638 shares in the last quarter. Finally, Pzena Investment Management LLC purchased a new stake in MillerKnoll during the 1st quarter worth $28,858,000. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll Company Profile

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.