Wall Street Zen downgraded shares of MillerKnoll (NASDAQ:MLKN – Free Report) from a buy rating to a hold rating in a research report sent to investors on Sunday.
Several other equities analysts also recently weighed in on MLKN. Weiss Ratings upgraded MillerKnoll from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 13th. Zacks Research upgraded MillerKnoll from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold”.
Check Out Our Latest Report on MillerKnoll
MillerKnoll Price Performance
MillerKnoll (NASDAQ:MLKN – Get Free Report) last issued its quarterly earnings results on Wednesday, June 24th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. MillerKnoll had a return on equity of 9.77% and a net margin of 2.38%.The company had revenue of $1 billion for the quarter, compared to analyst estimates of $973.87 million. During the same quarter in the prior year, the company posted $0.60 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. As a group, sell-side analysts expect that MillerKnoll will post 2.02 EPS for the current year.
Institutional Trading of MillerKnoll
Several institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its position in shares of MillerKnoll by 39.4% in the 1st quarter. Royal Bank of Canada now owns 19,451 shares of the company’s stock worth $373,000 after buying an additional 5,495 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in MillerKnoll by 2.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company’s stock valued at $775,000 after acquiring an additional 801 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in MillerKnoll by 7.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 197,932 shares of the company’s stock valued at $3,788,000 after acquiring an additional 13,099 shares during the period. Jane Street Group LLC increased its stake in MillerKnoll by 311.8% during the first quarter. Jane Street Group LLC now owns 414,275 shares of the company’s stock worth $7,929,000 after acquiring an additional 313,684 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in MillerKnoll by 177.3% during the second quarter. Hsbc Holdings PLC now owns 28,704 shares of the company’s stock worth $553,000 after acquiring an additional 18,354 shares during the last quarter. 87.50% of the stock is owned by hedge funds and other institutional investors.
MillerKnoll Company Profile
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.
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