Herman Miller, Inc. (NASDAQ:MLHR) CEO Brian C. Walker sold 14,000 shares of the business’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $35.38, for a total transaction of $495,320.00. Following the completion of the sale, the chief executive officer now directly owns 160,979 shares in the company, valued at approximately $5,695,437.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Herman Miller, Inc. (NASDAQ:MLHR) traded down 0.70% during mid-day trading on Thursday, hitting $35.25. 24,082 shares of the stock were exchanged. The stock has a market capitalization of $2.11 billion, a P/E ratio of 17.62 and a beta of 1.46. The stock’s 50 day moving average price is $34.84 and its 200-day moving average price is $33.03. Herman Miller, Inc. has a 12-month low of $27.03 and a 12-month high of $37.00.
Herman Miller (NASDAQ:MLHR) last issued its quarterly earnings data on Thursday, September 21st. The business services provider reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. Herman Miller had a return on equity of 22.02% and a net margin of 5.34%. The business had revenue of $580.30 million for the quarter, compared to analysts’ expectations of $578.27 million. During the same period last year, the business earned $0.60 EPS. The business’s revenue was down 3.1% on a year-over-year basis. On average, equities research analysts expect that Herman Miller, Inc. will post $2.27 EPS for the current fiscal year.
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A number of large investors have recently modified their holdings of the business. Sei Investments Co. lifted its stake in Herman Miller by 0.6% during the 2nd quarter. Sei Investments Co. now owns 4,426 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 26 shares in the last quarter. Ronald Blue & Co. LLC lifted its stake in Herman Miller by 1.4% during the 2nd quarter. Ronald Blue & Co. LLC now owns 6,787 shares of the business services provider’s stock valued at $206,000 after acquiring an additional 91 shares in the last quarter. First Bank & Trust lifted its stake in Herman Miller by 4.1% during the 2nd quarter. First Bank & Trust now owns 3,999 shares of the business services provider’s stock valued at $121,000 after acquiring an additional 158 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Herman Miller by 4.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,895 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 181 shares in the last quarter. Finally, Advantus Capital Management Inc lifted its stake in Herman Miller by 2.9% during the 1st quarter. Advantus Capital Management Inc now owns 7,670 shares of the business services provider’s stock valued at $242,000 after acquiring an additional 216 shares in the last quarter. Institutional investors and hedge funds own 83.96% of the company’s stock.
A number of brokerages have recently commented on MLHR. BidaskClub raised shares of Herman Miller from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Zacks Investment Research lowered shares of Herman Miller from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Sidoti began coverage on shares of Herman Miller in a research report on Tuesday, June 27th. They issued a “buy” rating and a $38.00 price objective on the stock. Finally, ValuEngine raised shares of Herman Miller from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $38.00.
Herman Miller Company Profile
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