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NASDAQ:MLHR

Herman Miller Stock Forecast, Price & News

$34.52
-0.03 (-0.09 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$33.95
Now: $34.52
$35.23
50-Day Range
$22.12
MA: $24.35
$34.55
52-Week Range
$14.39
Now: $34.52
$49.87
Volume7.05 million shs
Average Volume836,517 shs
Market Capitalization$2.03 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.56
Herman Miller, Inc. engages in the research, design, manufacture, and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, home furnishings, and related services in the United States and internationally. The company provides modular systems under the Canvas Office Landscape, Locale, Public Office Landscape, Layout Studio, Action Office, Ethospace, Arras, and Resolve names; seating products under the Embody, Aeron, Mirra2, Setu, Say, Verus, Celle, Equa, Taper, and Ergon names; and storage products under the Meridian and Tu names. It also offers wood casegoods under the Geiger name; freestanding furniture products under the Abak, Intent, Sense, and Envelop names; and healthcare products under the Palisade, Compass, Nala, Ava, and Nemschoff names, as well as provides Thrive portfolio of ergonomic solutions and textiles, and data analytics solutions. In addition, the company provides products for residential settings under the Eames, Nelson, Bubble Lamps, Airia, Ardea, Bumper, Burdick Group, Everywhere tables, Claw, Caper, Distil, Envelope, Formwork, Full Round, H Frame, I Beam, Landmark, Logic Mini, Logic Power Access Solutions, Renew, Rolled Arm, Scissor, Sled, Soft Pad, Swoop, Tone, Twist, Ward Bennett, and Wireframe names. Its products are used in institutional environments, including offices and related conference, lobby, and lounge areas, as well as general public areas, such as transportation terminals; health/science environments comprising hospitals, clinics, and other healthcare facilities; industrial and educational settings; and residential and other environments. The company markets its products through its sales staff, own dealer network, independent dealers and retailers, and independent contract office furniture dealers, as well as through e-commerce Website. Herman Miller, Inc. was founded in 1905 and is headquartered in Zeeland, Michigan.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 1.8Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.83 out of 5 stars


Industry, Sector and Symbol

Industry Office furniture
Sub-IndustryOffice Services & Supplies
Current SymbolNASDAQ:MLHR
CUSIP60054410
Phone616-654-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.49 billion
Cash Flow$6.03 per share
Book Value$10.94 per share

Profitability

Net Income$-9,100,000.00

Miscellaneous

Employees7,600
Market Cap$2.03 billion
Next Earnings Date12/16/2020 (Estimated)
OptionableOptionable
$34.52
-0.03 (-0.09 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Herman Miller (NASDAQ:MLHR) Frequently Asked Questions

How has Herman Miller's stock price been impacted by Coronavirus (COVID-19)?

Herman Miller's stock was trading at $26.39 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MLHR stock has increased by 30.8% and is now trading at $34.52.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Herman Miller?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Herman Miller in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Herman Miller
.

When is Herman Miller's next earnings date?

Herman Miller is scheduled to release its next quarterly earnings announcement on Wednesday, December 16th 2020.
View our earnings forecast for Herman Miller
.

How were Herman Miller's earnings last quarter?

Herman Miller, Inc. (NASDAQ:MLHR) announced its earnings results on Wednesday, September, 16th. The business services provider reported $1.24 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.26 by $0.98. The business services provider earned $626.80 million during the quarter, compared to analyst estimates of $529.05 million. Herman Miller had a negative net margin of 0.37% and a positive return on equity of 19.90%. The firm's revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share.
View Herman Miller's earnings history
.

How often does Herman Miller pay dividends? What is the dividend yield for Herman Miller?

Herman Miller declared a quarterly dividend on Thursday, September 17th. Stockholders of record on Saturday, November 28th will be given a dividend of $0.1875 per share on Friday, January 15th. This represents a $0.75 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Friday, November 27th.
View Herman Miller's dividend history
.

What price target have analysts set for MLHR?

3 brokers have issued 12-month target prices for Herman Miller's shares. Their forecasts range from $40.00 to $50.00. On average, they expect Herman Miller's share price to reach $45.00 in the next year. This suggests a possible upside of 30.4% from the stock's current price.
View analysts' price targets for Herman Miller
.

Are investors shorting Herman Miller?

Herman Miller saw a increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,680,000 shares, an increase of 18.6% from the July 30th total of 2,260,000 shares. Based on an average daily volume of 714,000 shares, the days-to-cover ratio is currently 3.8 days. Currently, 4.6% of the company's shares are short sold.
View Herman Miller's Short Interest
.

Who are some of Herman Miller's key competitors?

What other stocks do shareholders of Herman Miller own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Herman Miller investors own include AT&T (T), Energy Transfer LP Unit (ET), Medallion Financial (MFIN), AbbVie (ABBV), Intel (INTC), Pfizer (PFE), Verizon Communications (VZ), Carnival (CCL), Cisco Systems (CSCO) and Target (TGT).

Who are Herman Miller's key executives?

Herman Miller's management team includes the following people:
  • Mr. Jeffrey M. Stutz, Exec. VP & CFO (Age 48)
  • Mr. B. Ben Watson, Chief Creative Officer (Age 54)
  • Mr. Gregory J. Bylsma, Pres of North America Contract (Age 54)
  • Ms. Andrea Owen, Pres, CEO & Director (Age 54)
  • Mr. Jeffrey L. Kurburski, Chief Information Officer (Age 53)

What is Herman Miller's stock symbol?

Herman Miller trades on the NASDAQ under the ticker symbol "MLHR."

Who are Herman Miller's major shareholders?

Herman Miller's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.24%), AQR Capital Management LLC (5.01%), LSV Asset Management (4.39%), Goldman Sachs Group Inc. (2.89%), Bank of New York Mellon Corp (1.43%) and Grantham Mayo Van Otterloo & Co. LLC (1.18%). Company insiders that own Herman Miller stock include Bruce Benedict Watson, Douglas D French, Gregory J Bylsma, Jeffrey L Kurburski, John J Mcphee and Michael A Volkema.
View institutional ownership trends for Herman Miller
.

Which major investors are selling Herman Miller stock?

MLHR stock was sold by a variety of institutional investors in the last quarter, including Clark Capital Management Group Inc., Vanguard Group Inc., AQR Capital Management LLC, Skandinaviska Enskilda Banken AB publ, Prudential Financial Inc., Robeco Institutional Asset Management B.V., LSV Asset Management, and APG Asset Management N.V.. Company insiders that have sold Herman Miller company stock in the last year include Gregory J Bylsma, and John J Mcphee.
View insider buying and selling activity for Herman Miller
.

Which major investors are buying Herman Miller stock?

MLHR stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., AJO LP, Nordea Investment Management AB, Marshall Wace LLP, Marshall Wace North America L.P., Speece Thorson Capital Group Inc., Wasatch Advisors Inc., and Picton Mahoney Asset Management.
View insider buying and selling activity for Herman Miller
.

How do I buy shares of Herman Miller?

Shares of MLHR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Herman Miller's stock price today?

One share of MLHR stock can currently be purchased for approximately $34.52.

How big of a company is Herman Miller?

Herman Miller has a market capitalization of $2.03 billion and generates $2.49 billion in revenue each year. Herman Miller employs 7,600 workers across the globe.

What is Herman Miller's official website?

The official website for Herman Miller is www.hermanmiller.com.

How can I contact Herman Miller?

Herman Miller's mailing address is 855 E MAIN AVE, ZEELAND MI, 49464. The business services provider can be reached via phone at 616-654-3000 or via email at [email protected]

This page was last updated on 9/20/2020 by MarketBeat.com Staff

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