Wall Street Zen upgraded shares of MillerKnoll (NASDAQ:MLKN – Free Report) from a hold rating to a buy rating in a research note published on Saturday morning,Wall Street Zen reports.
MLKN has been the subject of several other research reports. Weiss Ratings raised shares of MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Benchmark raised MillerKnoll from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.
Read Our Latest Research Report on MLKN
MillerKnoll Stock Up 0.8%
MLKN opened at $21.49 on Friday. The firm’s 50-day simple moving average is $21.28 and its 200-day simple moving average is $19.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.90 and a current ratio of 1.65. MillerKnoll has a twelve month low of $13.77 and a twelve month high of $24.71. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 0.89 and a beta of 1.36.
MillerKnoll (NASDAQ:MLKN – Get Free Report) last announced its quarterly earnings results on Tuesday, September 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.18. The firm had revenue of $923.40 million during the quarter, compared to the consensus estimate of $940.93 million. MillerKnoll had a net margin of 2.57% and a return on equity of 10.10%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.45 EPS. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q2 2027 guidance at 0.430-0.490 EPS. Equities research analysts anticipate that MillerKnoll will post 2.02 EPS for the current fiscal year.
MillerKnoll Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Saturday, November 28th will be given a dividend of $0.1875 per share. The ex-dividend date is Friday, November 27th. This represents a $0.75 annualized dividend and a yield of 3.5%. MillerKnoll’s dividend payout ratio is 53.19%.
Institutional Investors Weigh In On MillerKnoll
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC bought a new position in MillerKnoll in the 1st quarter valued at $26,000. Versant Capital Management Inc increased its stake in shares of MillerKnoll by 166.5% in the 2nd quarter. Versant Capital Management Inc now owns 1,250 shares of the company’s stock valued at $26,000 after buying an additional 781 shares during the period. Nykredit A S acquired a new stake in shares of MillerKnoll in the 2nd quarter valued at $28,000. Quantbot Technologies LP acquired a new stake in shares of MillerKnoll in the 2nd quarter valued at $29,000. Finally, Integrated Wealth Concepts LLC bought a new stake in MillerKnoll during the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 87.50% of the company’s stock.
About MillerKnoll
MillerKnoll, Inc is a global design company that develops and sells furnishings, accessories and related products for workplaces, homes, healthcare facilities, educational institutions and hospitality environments. Its offerings include office seating, desks, tables, storage, lighting, textiles and architectural products, along with residential furniture and decorative accessories.
The company markets products through a portfolio of brands that includes Herman Miller, Knoll, Design Within Reach, HAY, Muuto, Maharam, Geiger, Holly Hunt, Edelman Leather, DatesWeiser and Colebrook Bosson Saunders.
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