Herman Miller, Inc. (NASDAQ:MLHR) VP Kevin J. Veltman sold 1,190 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $40.28, for a total transaction of $47,933.20. The sale was disclosed in a document filed with the SEC, which is available at this link.
Herman Miller, Inc. (NASDAQ:MLHR) opened at $39.85 on Friday. Herman Miller, Inc. has a fifty-two week low of $28.55 and a fifty-two week high of $40.85. The firm has a market cap of $2,394.12, a PE ratio of 18.46 and a beta of 1.48. The company has a current ratio of 1.33, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32.
Herman Miller (NASDAQ:MLHR) last announced its quarterly earnings data on Wednesday, December 20th. The business services provider reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. Herman Miller had a net margin of 5.36% and a return on equity of 21.85%. The firm had revenue of $604.60 million for the quarter, compared to analyst estimates of $603.77 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. sell-side analysts forecast that Herman Miller, Inc. will post 2.35 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of MLHR. Riverhead Capital Management LLC raised its holdings in shares of Herman Miller by 67.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,694 shares of the business services provider’s stock worth $112,000 after acquiring an additional 1,494 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Herman Miller by 0.6% in the 2nd quarter. Sei Investments Co. now owns 4,426 shares of the business services provider’s stock worth $135,000 after acquiring an additional 26 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of Herman Miller in the 3rd quarter worth about $211,000. Associated Banc Corp acquired a new stake in shares of Herman Miller in the 3rd quarter worth about $252,000. Finally, Amalgamated Bank raised its holdings in shares of Herman Miller by 4.1% in the 2nd quarter. Amalgamated Bank now owns 8,566 shares of the business services provider’s stock worth $260,000 after acquiring an additional 336 shares during the last quarter. Institutional investors own 82.39% of the company’s stock.
Several brokerages have recently weighed in on MLHR. Raymond James Financial upgraded shares of Herman Miller from a “market perform” rating to an “outperform” rating and set a $43.00 price objective on the stock in a report on Tuesday, December 26th. BidaskClub upgraded shares of Herman Miller from a “sell” rating to a “hold” rating in a report on Thursday, December 14th. Zacks Investment Research upgraded shares of Herman Miller from a “sell” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, ValuEngine lowered shares of Herman Miller from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $41.67.
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