MillerKnoll (NASDAQ:MLKN) Upgraded to Buy at StockNews.com

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

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

MillerKnoll Price Performance

Shares of NASDAQ:MLKN opened at $17.83 on Monday. The firm has a market capitalization of $1.21 billion, a PE ratio of 19.59, a P/E/G ratio of 0.89 and a beta of 1.17. The company has a 50-day moving average price of $17.66 and a two-hundred day moving average price of $21.18. MillerKnoll has a twelve month low of $15.25 and a twelve month high of $31.73. 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 (NASDAQ:MLKN) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The company had revenue of $876.20 million during the quarter, compared to analyst estimates of $918.88 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. MillerKnoll’s revenue was up .4% on a year-over-year basis. Equities analysts forecast that MillerKnoll will post 2.12 EPS for the current year.

Hedge Funds Weigh In On MillerKnoll

A number of hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in MillerKnoll by 458.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock valued at $33,000 after buying an additional 1,201 shares during the period. Avior Wealth Management LLC increased its stake in MillerKnoll by 228.8% in the fourth quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock worth $47,000 after purchasing an additional 1,448 shares during the period. Studio Investment Management LLC raised its stake in shares of MillerKnoll by 29.9% during the fourth quarter. Studio Investment Management LLC now owns 2,149 shares of the company’s stock valued at $49,000 after acquiring an additional 495 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of MillerKnoll by 793.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,198 shares of the company’s stock worth $50,000 after purchasing an additional 1,952 shares during the period. Finally, Summit Securities Group LLC bought a new stake in MillerKnoll during the first quarter valued at about $70,000. Institutional investors own 87.50% of the company’s stock.

About MillerKnoll

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.