Herman Miller, Inc. (MLHR) EVP Sells $98,656.80 in Stock
Herman Miller, Inc. (NASDAQ:MLHR) EVP Jeremy J. Hocking sold 2,442 shares of Herman Miller stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $40.40, for a total transaction of $98,656.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Herman Miller, Inc. (MLHR) traded down $0.40 during midday trading on Wednesday, hitting $40.35. 394,097 shares of the stock traded hands, compared to its average volume of 413,950. 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, Inc. has a twelve month low of $28.55 and a twelve month high of $40.85. The stock has a market capitalization of $2,394.12, a price-to-earnings ratio of 19.98 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. analysts forecast that Herman Miller, Inc. will post 2.35 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Trust Advisors LP lifted its stake in Herman Miller by 8.8% in the third quarter. First Trust Advisors LP now owns 56,032 shares of the business services provider’s stock worth $2,012,000 after acquiring an additional 4,528 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Herman Miller in the second quarter worth approximately $1,231,000. California Public Employees Retirement System lifted its stake in Herman Miller by 8.5% in the second quarter. California Public Employees Retirement System now owns 127,300 shares of the business services provider’s stock worth $3,870,000 after acquiring an additional 10,000 shares during the last quarter. Suntrust Banks Inc. lifted its stake in Herman Miller by 5.4% in the second quarter. Suntrust Banks Inc. now owns 120,258 shares of the business services provider’s stock worth $3,655,000 after acquiring an additional 6,186 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in Herman Miller by 31.8% in the third quarter. Prudential Financial Inc. now owns 1,556,300 shares of the business services provider’s stock worth $55,871,000 after acquiring an additional 375,520 shares during 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 recent analyst reports. Zacks Investment Research cut shares of Herman Miller from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 12th. ValuEngine cut shares of Herman Miller from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. BidaskClub cut shares of Herman Miller from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $41.67.
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Herman Miller Company Profile
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