MillerKnoll (NASDAQ:MLKN) Upgraded 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 report released on Friday.

MillerKnoll Price Performance

Shares of NASDAQ:MLKN traded down $0.61 during trading hours on Friday, hitting $22.39. 6,336,652 shares of the company’s stock traded hands, compared to its average volume of 666,057. The company’s fifty day simple moving average is $24.39 and its two-hundred day simple moving average is $26.12. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 25.74, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.93 and a current ratio of 1.59. MillerKnoll has a 52 week low of $20.89 and a 52 week high of $31.73.

MillerKnoll (NASDAQ:MLKN) last issued its earnings results on Wednesday, December 18th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $970.40 million during the quarter, compared to analysts’ expectations 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 period last year, the firm posted $0.59 earnings per share. As a group, equities analysts anticipate that MillerKnoll will post 2.17 EPS for the current fiscal year.

Hedge Funds Weigh In On MillerKnoll

A number of institutional investors have recently bought and sold shares of MLKN. Pacer Advisors Inc. boosted its holdings in shares of MillerKnoll by 15.3% in the second quarter. Pacer Advisors Inc. now owns 4,015,462 shares of the company’s stock worth $106,370,000 after buying an additional 532,427 shares during the period. Disciplined Growth Investors Inc. MN raised its stake in MillerKnoll by 157.4% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 852,584 shares of the company’s stock valued at $21,110,000 after purchasing an additional 521,318 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of MillerKnoll by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,392,354 shares of the company’s stock worth $89,864,000 after buying an additional 377,121 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of MillerKnoll by 127.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 547,540 shares of the company’s stock valued at $13,557,000 after buying an additional 307,210 shares in the last quarter. Finally, Forager Capital Management LLC raised its position in MillerKnoll by 45.9% during the third quarter. Forager Capital Management LLC now owns 953,841 shares of the company’s stock valued at $23,617,000 after buying an additional 300,000 shares during the period. Hedge funds and other 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.