Insider Selling: Donald D. Goeman Sells 7,500 Shares of Herman Miller Stock (MLHR)
Herman Miller (NASDAQ:MLHR) EVP Donald D. Goeman unloaded 7,500 shares of Herman Miller stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $29.08, for a total transaction of $218,100.00. Following the transaction, the executive vice president now directly owns 10,944 shares of the company’s stock, valued at approximately $318,252. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
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.
Shares of Herman Miller (NASDAQ:MLHR) traded up 1.55% during mid-day trading 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 has a 50-day moving average of $30.16 and a 200-day moving average of $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. On average, analysts predict that Herman Miller will post $1.91 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Wednesday, August 27th.
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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