Herman Miller, Inc. (NASDAQ:MLHR) VP Kevin J. Veltman sold 1,190 shares of Herman Miller 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 hyperlink.
Herman Miller, Inc. (NASDAQ:MLHR) opened at $40.55 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.33 and a debt-to-equity ratio of 0.32. Herman Miller, Inc. has a 12 month low of $28.55 and a 12 month high of $40.90. The company has a market cap of $2,440.51, a P/E ratio of 20.07 and a beta of 1.48.
Herman Miller (NASDAQ:MLHR) last posted its quarterly earnings data on Wednesday, December 20th. The business services provider reported $0.57 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. Herman Miller had a net margin of 5.36% and a return on equity of 21.85%. The business had revenue of $604.60 million during the quarter, compared to analyst estimates of $603.77 million. During the same quarter last year, the firm posted $0.54 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. sell-side analysts expect that Herman Miller, Inc. will post 2.35 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Saturday, December 2nd will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a yield of 1.78%. Herman Miller’s dividend payout ratio is currently 35.64%.
Institutional investors have recently modified their holdings of the stock. Riverhead Capital Management LLC lifted its stake in Herman Miller by 67.9% in the second 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. lifted its stake in Herman Miller by 0.6% in the second 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 purchased a new position in Herman Miller in the third quarter worth approximately $211,000. Associated Banc Corp purchased a new position in Herman Miller in the third quarter worth approximately $252,000. Finally, Jane Street Group LLC purchased a new position in Herman Miller in the third quarter worth approximately $275,000. Institutional investors own 82.39% of the company’s stock.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Herman Miller from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Friday, December 29th. Raymond James Financial raised shares of Herman Miller from a “market perform” rating to an “outperform” rating and set a $43.00 price objective for the company in a research note on Tuesday, December 26th. BidaskClub raised shares of Herman Miller from a “sell” rating to a “hold” rating in a research note on Thursday, December 14th. Finally, ValuEngine raised shares of Herman Miller from a “hold” rating to a “buy” rating in a research note on Monday, December 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Herman Miller has an average rating of “Buy” and an average target price of $41.67.
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Herman Miller Company Profile
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