Herman Miller CEO Brian C. Walker Sells 10,000 Shares (MLHR)
Herman Miller (NASDAQ:MLHR) CEO Brian C. Walker unloaded 10,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $29.00, for a total transaction of $290,000.00. Following the transaction, the chief executive officer now directly owns 204,550 shares in the company, valued at approximately $5,931,950. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Herman Miller (NASDAQ:MLHR) traded up 1.55% on Friday, hitting $29.42. 228,185 shares of the company’s stock traded hands. Herman Miller has a 52 week low of $25.08 and a 52 week high of $32.72. The stock’s 50-day moving average is $30.16 and its 200-day moving average is $29.93. The company’s market cap is $1.743 billion.
Herman Miller (NASDAQ:MLHR) last released its earnings data on Wednesday, June 25th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. The company had revenue of $487.50 million for the quarter, compared to the consensus estimate of $496.57 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts expect that Herman Miller will post $1.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Friday, August 29th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Wednesday, August 27th.
Separately, analysts at Longbow Research upgraded shares of Herman Miller from a “neutral” rating to a “buy” rating in a research note on Friday, June 6th. They now have a $37.00 price target on the stock.
Herman Miller, Inc researches, designs, manufactures, and distributes interior furnishings, for use in various environments including office, healthcare, educational, and residential settings, and provides related services that support organizations and individuals all over the world.
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