Sidoti Upgrades MillerKnoll (NASDAQ:MLKN) to Hold

MillerKnoll (NASDAQ:MLKN) was upgraded by Sidoti to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Separately, StockNews.com upgraded MillerKnoll from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

MillerKnoll Price Performance

Shares of NASDAQ:MLKN opened at $18.34 on Tuesday. MillerKnoll has a 12 month low of $17.83 and a 12 month high of $31.73. The firm has a market capitalization of $1.25 billion, a P/E ratio of 20.15, a P/E/G ratio of 0.89 and a beta of 1.22. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. The company’s fifty day moving average price is $21.28 and its 200 day moving average price is $23.16.

MillerKnoll (NASDAQ:MLKN) last announced its earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 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. The company’s revenue for the quarter was up .4% compared to the same quarter last year. As a group, sell-side analysts predict that MillerKnoll will post 2.12 earnings per share for the current fiscal year.

Institutional Trading of MillerKnoll

A number of institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its holdings in MillerKnoll by 458.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock valued at $33,000 after acquiring an additional 1,201 shares during the period. Avior Wealth Management LLC grew its position in MillerKnoll by 228.8% during the fourth quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock worth $47,000 after buying an additional 1,448 shares during the period. Studio Investment Management LLC increased its holdings in MillerKnoll by 29.9% in the fourth quarter. Studio Investment Management LLC now owns 2,149 shares of the company’s stock valued at $49,000 after buying an additional 495 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of MillerKnoll by 793.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,198 shares of the company’s stock valued at $50,000 after acquiring an additional 1,952 shares during the period. Finally, KBC Group NV grew its holdings in shares of MillerKnoll by 62.9% in the 4th quarter. KBC Group NV now owns 3,319 shares of the company’s stock worth $75,000 after acquiring an additional 1,281 shares during the period. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

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.