Weiss Ratings Reaffirms Sell (D+) Rating for MillerKnoll (NASDAQ:MLKN)

MillerKnoll (NASDAQ:MLKN)‘s stock had its “sell (d+)” rating reaffirmed by investment analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

A number of other equities analysts have also weighed in on the stock. Zacks Research upgraded shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Benchmark upgraded MillerKnoll to a “hold” rating in a research note on Friday, June 27th. Finally, Wall Street Zen cut MillerKnoll from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

MillerKnoll Price Performance

Shares of NASDAQ:MLKN opened at $16.77 on Tuesday. The business has a fifty day moving average price of $19.63 and a 200-day moving average price of $18.50. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.67 and a quick ratio of 0.96. The company has a market capitalization of $1.15 billion, a PE ratio of -67.08, a PEG ratio of 0.74 and a beta of 1.35. MillerKnoll has a 1-year low of $15.25 and a 1-year high of $25.96.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings data on Wednesday, February 16th. The company reported $0.35 EPS for the quarter. The company had revenue of $92.95 million for the quarter. MillerKnoll had a negative net margin of 0.41% and a positive return on equity of 10.96%. As a group, equities analysts expect that MillerKnoll will post 2.12 EPS for the current fiscal year.

Hedge Funds Weigh In On MillerKnoll

Institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. increased its holdings in MillerKnoll by 36.5% during the second quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after buying an additional 519 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of MillerKnoll in the 1st quarter worth $70,000. Canada Pension Plan Investment Board bought a new position in MillerKnoll in the 2nd quarter worth $82,000. CWM LLC lifted its position in MillerKnoll by 346.9% during the second quarter. CWM LLC now owns 5,072 shares of the company’s stock valued at $99,000 after purchasing an additional 3,937 shares in the last quarter. Finally, Rexford Capital Inc. bought a new stake in MillerKnoll during the second quarter valued at about $101,000. Hedge funds and other institutional investors own 87.50% of the company’s stock.

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.