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

Wall Street Zen cut shares of MillerKnoll (NASDAQ:MLKN) from a buy rating to a hold rating in a research report sent to investors on Sunday.

A number of other research analysts have also recently commented on MLKN. Benchmark raised MillerKnoll to a “hold” rating in a research report on Friday, June 27th. Zacks Research upgraded MillerKnoll from a “strong sell” rating to a “hold” rating in a research note on Monday, August 25th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

MillerKnoll Stock Down 1.4%

Shares of NASDAQ:MLKN opened at $20.18 on Friday. The business’s 50 day moving average is $20.49 and its 200 day moving average is $18.77. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 1.03. MillerKnoll has a 12-month low of $15.25 and a 12-month high of $28.33. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -36.04, a PEG ratio of 0.94 and a beta of 1.25.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings data on Wednesday, June 25th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.16. MillerKnoll had a positive return on equity of 10.44% and a negative net margin of 1.01%.The business had revenue of $961.80 million for the quarter, compared to analysts’ expectations of $913.80 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. On average, sell-side analysts forecast that MillerKnoll will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Sunday, August 31st will be given a dividend of $0.1875 per share. The ex-dividend date is Friday, August 29th. This represents a $0.75 annualized dividend and a dividend yield of 3.7%. MillerKnoll’s dividend payout ratio is -133.93%.

Institutional Investors Weigh In On MillerKnoll

Institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC boosted its holdings in MillerKnoll by 7.8% during the 1st quarter. Hsbc Holdings PLC now owns 10,350 shares of the company’s stock valued at $201,000 after acquiring an additional 753 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in MillerKnoll by 2.4% during 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 acquiring an additional 30,880 shares during the period. SG Americas Securities LLC purchased a new stake in MillerKnoll during the 1st quarter valued at about $624,000. US Bancorp DE boosted its holdings in MillerKnoll by 11,871.5% during the 1st quarter. US Bancorp DE now owns 18,915 shares of the company’s stock valued at $362,000 after acquiring an additional 18,757 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in MillerKnoll by 2,189.3% during the 1st quarter. GAMMA Investing LLC now owns 46,472 shares of the company’s stock valued at $889,000 after acquiring an additional 44,442 shares during the period. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

MillerKnoll Company Profile

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.