MillerKnoll (NASDAQ:MLKN) Rating Lowered to “Hold” at StockNews.com

MillerKnoll (NASDAQ:MLKN) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Separately, Sidoti upgraded MillerKnoll to a “hold” rating in a report on Tuesday, March 25th.

MillerKnoll Price Performance

MillerKnoll stock opened at $19.76 on Friday. MillerKnoll has a 12-month low of $17.83 and a 12-month high of $31.73. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average price of $21.22 and a 200-day moving average price of $23.05. The firm has a market capitalization of $1.35 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The business had revenue of $876.20 million during the quarter, compared to the consensus estimate of $918.88 million. During the same quarter last year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. As a group, equities research analysts forecast that MillerKnoll will post 2.12 EPS for the current year.

Institutional Investors Weigh In On MillerKnoll

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Deprince Race & Zollo Inc. purchased a new position in shares of MillerKnoll during the fourth quarter worth approximately $32,283,000. Disciplined Growth Investors Inc. MN raised its stake in MillerKnoll by 157.4% in the third quarter. Disciplined Growth Investors Inc. MN now owns 852,584 shares of the company’s stock worth $21,110,000 after buying an additional 521,318 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in MillerKnoll by 127.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 547,540 shares of the company’s stock worth $13,557,000 after buying an additional 307,210 shares during the period. Forager Capital Management LLC lifted its holdings in MillerKnoll by 45.9% during the third quarter. Forager Capital Management LLC now owns 953,841 shares of the company’s stock worth $23,617,000 after buying an additional 300,000 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in MillerKnoll during the 4th quarter valued at $6,576,000. Institutional investors own 87.50% of the company’s stock.

MillerKnoll Company Profile

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.