MillerKnoll (NASDAQ:MLKN) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of MillerKnoll (NASDAQ:MLKN) from a buy rating to a hold rating in a research report report published on Friday morning.

Other equities research analysts have also issued reports about the stock. Benchmark upgraded shares of MillerKnoll to a “hold” rating in a report on Friday, June 27th. Zacks Research upgraded shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of MillerKnoll in a report on Saturday, September 27th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, MillerKnoll currently has an average rating of “Reduce”.

MillerKnoll Stock Down 0.6%

Shares of NASDAQ:MLKN opened at $17.47 on Friday. MillerKnoll has a 52 week low of $15.25 and a 52 week high of $25.96. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.96 and a current ratio of 1.67. The company has a market capitalization of $1.20 billion, a PE ratio of -69.88, a PEG ratio of 0.81 and a beta of 1.35. The company has a 50 day moving average price of $20.08 and a two-hundred day moving average price of $18.63.

MillerKnoll (NASDAQ:MLKN) last issued its earnings results on Tuesday, September 23rd. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.34 by $0.11. MillerKnoll had a negative net margin of 0.41% and a positive return on equity of 10.96%. The firm had revenue of $906.40 million during the quarter, compared to the consensus estimate of $910.97 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. The business’s quarterly revenue was up 10.9% on a year-over-year basis. MillerKnoll has set its Q2 2026 guidance at 0.380-0.440 EPS. Analysts forecast that MillerKnoll will post 2.12 earnings per share for the current year.

MillerKnoll Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Sunday, August 31st will be given a $0.1875 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.75 dividend on an annualized basis and a yield of 4.3%. MillerKnoll’s dividend payout ratio (DPR) is -300.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. grew its position in MillerKnoll by 7.9% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,329,264 shares of the company’s stock valued at $44,582,000 after purchasing an additional 170,504 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in MillerKnoll by 2.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,343,825 shares of the company’s stock valued at $25,721,000 after purchasing an additional 30,880 shares in the last quarter. LSV Asset Management grew its position in MillerKnoll by 4.0% in the second quarter. LSV Asset Management now owns 1,331,199 shares of the company’s stock valued at $25,852,000 after purchasing an additional 50,715 shares in the last quarter. Forager Capital Management LLC grew its position in MillerKnoll by 10.2% in the second quarter. Forager Capital Management LLC now owns 1,301,841 shares of the company’s stock valued at $25,282,000 after purchasing an additional 120,000 shares in the last quarter. Finally, Bank of America Corp DE grew its position in MillerKnoll by 12.7% in the second quarter. Bank of America Corp DE now owns 1,040,492 shares of the company’s stock valued at $20,206,000 after purchasing an additional 117,000 shares in the last quarter. Institutional investors own 87.50% of the company’s stock.

About MillerKnoll

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.