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‘A promise realized’: MillerKnoll hopes to seize combined potential in 2023

9 February, 2023

MillerKnoll leadership said it hopes 2023 will be the year the combined entity gets to embrace its market potential.

It’s been nearly two years since Herman Miller announced its acquisition of Knoll, seeking to amplify the combined business as a leader in modern design. The companies at the time said they hoped to catalyze the transformation of the home and office sector at a time of unprecedented disruption.

MillerKnoll, Inc. (NASDAQ:MLKN) Shares Sold by Retirement Systems of Alabama

2 February, 2023

Retirement Systems of Alabama lessened its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,293 shares of the company’s stock after selling 552 shares during the quarter. Retirement Systems of Alabama owned 0.13% of MillerKnoll worth $1,549,000 at the end of the most recent quarter.

 

Ceredex Value Advisors LLC Cuts Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

28 January, 2023

Ceredex Value Advisors LLC reduced its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 377,900 shares of the company’s stock after selling 9,567 shares during the quarter. Ceredex Value Advisors LLC owned about 0.50% of MillerKnoll worth $5,967,000 as of its most recent filing with the Securities and Exchange Commission.

 

 

Duality Advisers LP Acquires New Shares in MillerKnoll, Inc. (NASDAQ:MLKN)

24 January, 2023

Duality Advisers LP bought a new position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 46,284 shares of the company’s stock, valued at approximately $722,000. Duality Advisers LP owned about 0.06% of MillerKnoll as of its most recent SEC filing.

 

How should investors evaluate MillerKnoll Inc. (NASDAQ:MLKN)?

20 January, 2023

Stocks of MillerKnoll Inc. (NASDAQ:MLKN) traded higher last session on Wall Street, down -2.88% to $21.94.

According to the data, MillerKnoll Inc. (NASDAQ:MLKN) has 3 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $20.00, we find $25.00. Given the previous closing price of $22.59, this indicates a potential upside of 10.67 percent. MLKN stock price is now 3.54% away from the 50-day moving average and -14.67% away from the 200-day moving average. The market capitalization of the company currently stands at $1.68B.

 

 

 

 

20,200 Shares in MillerKnoll, Inc. (NASDAQ:MLKN) Acquired by Louisiana State Employees Retirement System

12 January, 2023

Louisiana State Employees Retirement System bought a new position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 20,200 shares of the company’s stock, valued at approximately $315,000.

 

 

MillerKnoll, Inc. (NASDAQ:MLKN) Shares Purchased by Assenagon Asset Management S.A.

09 January, 2023

Assenagon Asset Management S.A. raised its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 1,177.3% in the third quarter, HoldingsChannel reports. The firm owned 405,826 shares of the company’s stock after acquiring an additional 374,054 shares during the period. Assenagon Asset Management S.A.’s holdings in MillerKnoll were worth $6,331,000 as of its most recent filing with the Securities & Exchange Commission.

 

 

 

Millerknoll spokesperson comments on Ottawa County Board’s move to dissolve DEI office

8 January, 2023

A spokesperson from the second largest employer in Ottawa County, MillerKnoll, which is based in Zeeland, commented on the Ottawa County Board of Commissioners’ move to dissolve the county’s Office of Diversity, Equity and Inclusion.

“Diversity, equity and inclusion are central to our corporate values at MillerKnoll. As one of the largest employers in Ottawa County, we count on our local leaders to advocate for a diverse, inclusive, and prosperous environment where our current and future employees and their families feel like they belong,” according to the MillerKnoll spokesperson.

 

 

 

Three-Year Loss For MillerKnoll Shareholders Driven By Shrinking Earnings

4 January, 2023

MillerKnoll, Inc. (NASDAQ:MLKN) shareholders should be happy to see the share price up 19% in the last quarter. But that doesn’t help the fact that the three year return is less impressive. In fact, the share price is down 48% in the last three years, falling well short of the market return.

The recent uptick of 3.8% could be a positive sign of things to come, so let’s take a look at historical fundamentals.