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

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

Several other brokerages have also recently weighed in on MLKN. Zacks Research cut shares of MillerKnoll from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Weiss Ratings reissued a “sell (d+)” rating on shares of MillerKnoll in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

MillerKnoll Stock Up 1.7%

Shares of NASDAQ MLKN opened at $19.61 on Friday. MillerKnoll has a 12-month low of $13.77 and a 12-month high of $23.47. The stock has a market cap of $1.34 billion, a P/E ratio of -50.28, a PEG ratio of 0.85 and a beta of 1.32. The company has a current ratio of 1.66, a quick ratio of 0.95 and a debt-to-equity ratio of 1.02. The business’s fifty day simple moving average is $16.46 and its 200-day simple moving average is $18.34.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly 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 company had revenue of $955.20 million for the quarter, compared to the consensus estimate of $943.13 million. MillerKnoll had a positive return on equity of 10.32% and a negative net margin of 0.68%.MillerKnoll’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 EPS. MillerKnoll has set its Q3 2026 guidance at 0.420-0.480 EPS. As a group, equities analysts predict that MillerKnoll will post 2.12 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Saturday, November 29th will be issued a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.75 dividend on an annualized basis and a yield of 3.8%. MillerKnoll’s dividend payout ratio (DPR) is presently -192.31%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MLKN. SG Americas Securities LLC raised its stake in MillerKnoll by 755.0% during the 4th quarter. SG Americas Securities LLC now owns 478,727 shares of the company’s stock worth $8,751,000 after acquiring an additional 422,735 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of MillerKnoll by 81.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 798,349 shares of the company’s stock worth $15,504,000 after purchasing an additional 358,886 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of MillerKnoll by 7.1% during the third quarter. Alliancebernstein L.P. now owns 5,166,059 shares of the company’s stock worth $91,646,000 after purchasing an additional 340,917 shares in the last quarter. Jane Street Group LLC increased its position in shares of 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 purchasing an additional 313,684 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of MillerKnoll by 10.6% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,989,356 shares of the company’s stock valued at $35,291,000 after purchasing an additional 191,249 shares during the last quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.

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.