Herman Miller, Inc. (NASDAQ:MLHR) SVP Stephen C. Gane sold 30,988 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $39.77, for a total value of $1,232,392.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Herman Miller, Inc. (NASDAQ MLHR) traded down $0.85 during trading hours on Tuesday, reaching $39.10. The company’s stock had a trading volume of 382,417 shares, compared to its average volume of 339,870. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.33 and a quick ratio of 0.89. The firm has a market capitalization of $2,390.00, a P/E ratio of 19.26 and a beta of 1.48. Herman Miller, Inc. has a one year low of $28.55 and a one year high of $40.85.
Herman Miller (NASDAQ:MLHR) last announced its earnings results on Wednesday, December 20th. The business services provider reported $0.57 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. The business had revenue of $604.60 million during the quarter, compared to the consensus estimate of $603.77 million. Herman Miller had a return on equity of 21.85% and a net margin of 5.36%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 EPS. equities research analysts anticipate that Herman Miller, Inc. will post 2.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Saturday, December 2nd will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Thursday, November 30th. Herman Miller’s payout ratio is 35.47%.
Hedge funds have recently made changes to their positions in the company. Sei Investments Co. increased its position in shares of Herman Miller by 0.6% during the second quarter. Sei Investments Co. now owns 4,426 shares of the business services provider’s stock worth $135,000 after purchasing an additional 26 shares in the last quarter. Amalgamated Bank increased its position in shares of Herman Miller by 4.1% during the second quarter. Amalgamated Bank now owns 8,566 shares of the business services provider’s stock worth $260,000 after purchasing an additional 336 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Herman Miller by 4.0% during the second quarter. Franklin Resources Inc. now owns 12,474 shares of the business services provider’s stock worth $379,000 after purchasing an additional 474 shares in the last quarter. M&T Bank Corp increased its position in shares of Herman Miller by 3.0% during the second quarter. M&T Bank Corp now owns 16,211 shares of the business services provider’s stock worth $493,000 after purchasing an additional 475 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its position in shares of Herman Miller by 1.7% during the second quarter. Thrivent Financial For Lutherans now owns 42,260 shares of the business services provider’s stock worth $1,284,000 after purchasing an additional 720 shares in the last quarter. 82.39% of the stock is owned by institutional investors and hedge funds.
MLHR has been the subject of a number of analyst reports. Zacks Investment Research downgraded Herman Miller from a “hold” rating to a “sell” rating in a report on Wednesday, November 22nd. ValuEngine downgraded Herman Miller from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, BidaskClub downgraded Herman Miller from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $41.67.
About Herman Miller
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