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 research report report published on Saturday.

Several other brokerages also recently issued reports on MLKN. Weiss Ratings reissued a “sell (d+)” rating on shares of MillerKnoll in a research note on Monday, December 29th. Zacks Research lowered shares of MillerKnoll from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, MillerKnoll has an average rating of “Reduce”.

MillerKnoll Price Performance

NASDAQ MLKN opened at $19.46 on Friday. The company has a current ratio of 1.66, a quick ratio of 0.95 and a debt-to-equity ratio of 1.02. MillerKnoll has a 1 year low of $13.77 and a 1 year high of $23.47. The company has a market cap of $1.33 billion, a PE ratio of -49.90, a PEG ratio of 0.85 and a beta of 1.32. The stock’s 50-day moving average price is $16.54 and its two-hundred day moving average price is $18.34.

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

Institutional Trading of MillerKnoll

Institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. grew its position in MillerKnoll by 7.1% in the third quarter. Alliancebernstein L.P. now owns 5,166,059 shares of the company’s stock worth $91,646,000 after acquiring an additional 340,917 shares in the last quarter. Deprince Race & Zollo Inc. boosted its holdings in MillerKnoll by 10.6% in the third quarter. Deprince Race & Zollo Inc. now owns 1,989,356 shares of the company’s stock worth $35,291,000 after purchasing an additional 191,249 shares in the last quarter. Invesco Ltd. increased its position in MillerKnoll by 0.7% during the third quarter. Invesco Ltd. now owns 1,810,881 shares of the company’s stock worth $32,125,000 after buying an additional 12,244 shares during the last quarter. LSV Asset Management increased its position in MillerKnoll by 4.0% during the second quarter. LSV Asset Management now owns 1,331,199 shares of the company’s stock worth $25,852,000 after buying an additional 50,715 shares during the last quarter. Finally, Forager Capital Management LLC raised its holdings in MillerKnoll by 10.2% during the second quarter. Forager Capital Management LLC now owns 1,301,841 shares of the company’s stock valued at $25,282,000 after buying an additional 120,000 shares in the last quarter. 87.50% of the stock is currently owned by institutional investors and hedge funds.

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.