MillerKnoll (NASDAQ:MLKN) Downgraded to “Hold” Rating by 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 shares of MillerKnoll to a “hold” rating in a research report on Tuesday.

MillerKnoll Trading Down 2.7 %

MLKN opened at $19.76 on Friday. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 21.71, a P/E/G ratio of 0.89 and a beta of 1.22. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 1.02. MillerKnoll has a twelve month low of $17.83 and a twelve month high of $31.73. The company has a 50-day simple moving average of $21.22 and a 200 day simple moving average of $23.09.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The business had revenue of $876.20 million for the quarter, compared to analyst estimates of $918.88 million. During the same period last year, the firm posted $0.45 earnings per share. MillerKnoll’s revenue was up .4% compared to the same quarter last year. Analysts predict that MillerKnoll will post 2.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of MillerKnoll by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,820,581 shares of the company’s stock worth $86,306,000 after buying an additional 121,478 shares during the period. Deprince Race & Zollo Inc. acquired a new stake in MillerKnoll during the 4th quarter worth about $32,283,000. Charles Schwab Investment Management Inc. raised its position in shares of MillerKnoll by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,312,945 shares of the company’s stock worth $29,659,000 after acquiring an additional 42,343 shares in the last quarter. Vulcan Value Partners LLC lifted its stake in shares of MillerKnoll by 12.8% in the 4th quarter. Vulcan Value Partners LLC now owns 1,252,093 shares of the company’s stock valued at $28,285,000 after purchasing an additional 141,936 shares during the period. Finally, Forager Capital Management LLC boosted its position in shares of MillerKnoll by 23.9% during the 4th quarter. Forager Capital Management LLC now owns 1,181,841 shares of the company’s stock valued at $26,698,000 after purchasing an additional 228,000 shares in the last quarter. 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.