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.
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.
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.
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.
ZEELAND, Mich. — 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.
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.
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Roselle, IL – Affordable Office Interiors, a 100% ESOP, full-service office furniture dealership, announced the promotion of Jessica Platt to president.
Platt started with AOI, in Madison, Wisconsin as a showroom manager and designer in November of 2010. She quickly demonstrated organizational, sales and leadership qualities that developed into numerous promotions throughout her career. She cultivated and nurtured the largest clients for AOI, while managing teams in Madison, Milwaukee and ultimately Illinois, culminating in her well-deserved promotion to president in January of 2023.
MillerKnoll, Inc. (NASDAQ:MLKN) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 4,340,000 shares, an increase of 21.2% from the November 30th total of 3,580,000 shares. Approximately 5.8% of the company’s stock are sold short. Based on an average daily trading volume, of 1,230,000 shares, the days-to-cover ratio is currently 3.5 days.
Herman Miller, a member of MillerKnoll’s collective of brands, was named a Frontrunner and Disclosure Leader in the Chemical Footprint Project (CFP), by Clean Production Action in December 2022 for its work in 2021. The CFP is the first-of-its-kind initiative to measure chemical footprints and assess business progress away from hazardous chemicals to safer solutions.
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