MillerKnoll (NASDAQ:MLKN) Upgraded at StockNews.com

MillerKnoll (NASDAQ:MLKN) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

MillerKnoll Stock Performance

MLKN opened at $21.47 on Wednesday. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 0.96 and a beta of 1.23. MillerKnoll has a fifty-two week low of $20.89 and a fifty-two week high of $31.73. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.93 and a current ratio of 1.59. The company has a fifty day moving average of $23.78 and a 200 day moving average of $25.68.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $970.40 million during the quarter, compared to the consensus estimate of $959.60 million. MillerKnoll had a net margin of 1.80% and a return on equity of 10.93%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 EPS. As a group, sell-side analysts forecast that MillerKnoll will post 2.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MillerKnoll

Several large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its holdings in shares of MillerKnoll by 254.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,201 shares of the company’s stock valued at $32,000 after acquiring an additional 862 shares during the period. GAMMA Investing LLC grew its position in shares of MillerKnoll by 35.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock worth $41,000 after buying an additional 426 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in MillerKnoll during the third quarter valued at approximately $84,000. DekaBank Deutsche Girozentrale boosted its stake in MillerKnoll by 99.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 4,640 shares of the company’s stock valued at $112,000 after acquiring an additional 2,316 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in MillerKnoll during the 3rd quarter worth $210,000. 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.