NASDAQ:MLHR - Herman Miller Stock Price, News, & Analysis

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$37.20 -0.64 (-1.69 %)
(As of 05/24/2019 01:50 AM ET)
Previous Close$37.84
Today's Range$36.79 - $37.71
52-Week Range$28.66 - $40.65
Volume211,400 shs
Average Volume323,982 shs
Market Capitalization$2.19 billion
P/E Ratio16.17
Dividend Yield2.09%
Beta1.51
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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.38 billion
Cash Flow$3.3911 per share
Book Value$11.15 per share

Profitability

Net Income$128.10 million

Miscellaneous

Employees7,681
Market Cap$2.19 billion
Next Earnings Date7/1/2019 (Estimated)
OptionableOptionable

Herman Miller (NASDAQ:MLHR) Frequently Asked Questions

What is Herman Miller's stock symbol?

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

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

Herman Miller announced a quarterly dividend on Wednesday, April 24th. Investors of record on Saturday, June 1st will be given a dividend of $0.1975 per share on Monday, July 15th. This represents a $0.79 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, May 30th. View Herman Miller's Dividend History.

How were Herman Miller's earnings last quarter?

Herman Miller, Inc. (NASDAQ:MLHR) issued its quarterly earnings results on Wednesday, March, 20th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.03. The business services provider earned $619 million during the quarter, compared to analysts' expectations of $622.43 million. Herman Miller had a net margin of 5.81% and a return on equity of 23.88%. The company's revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share. View Herman Miller's Earnings History.

When is Herman Miller's next earnings date?

Herman Miller is scheduled to release their next quarterly earnings announcement on Monday, July 1st 2019. View Earnings Estimates for Herman Miller.

What guidance has Herman Miller issued on next quarter's earnings?

Herman Miller issued an update on its fourth quarter earnings guidance on Wednesday, March, 20th. The company provided earnings per share (EPS) guidance of $0.76-0.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.72. The company issued revenue guidance of $645-665 million, compared to the consensus revenue estimate of $655.97 million.

What price target have analysts set for MLHR?

2 brokers have issued 1-year price targets for Herman Miller's shares. Their predictions range from $40.00 to $40.00. On average, they anticipate Herman Miller's share price to reach $40.00 in the next twelve months. This suggests a possible upside of 7.5% from the stock's current price. View Analyst Price Targets for Herman Miller.

What is the consensus analysts' recommendation for Herman Miller?

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

Has Herman Miller been receiving favorable news coverage?

Media coverage about MLHR stock has been trending neutral recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Herman Miller earned a media sentiment score of 0.3 on InfoTrie's scale. They also gave media stories about the business services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near term.

Who are some of Herman Miller's key competitors?

What other stocks do shareholders of Herman Miller own?

Who are Herman Miller's key executives?

Herman Miller's management team includes the folowing 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)

Who are Herman Miller's major shareholders?

Herman Miller's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.98%), LSV Asset Management (4.75%), Dimensional Fund Advisors LP (3.09%), Van Berkom & Associates Inc. (3.03%), JPMorgan Chase & Co. (2.32%) and Ceredex Value Advisors LLC (2.21%). Company insiders that own Herman Miller stock include Andrew J Lock, Brian C Walker, David O Ulrich, Douglas D French, Gregory J Bylsma, Hezron T Lopez, J Barry Griswell, Jeffrey L Kurburski, Jeremy J Hocking, Kevin J Veltman, Michael F Ramirez and Stephen C Gane. 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 JPMorgan Chase & Co., Morgan Stanley, Royce & Associates LP, AJO LP, Ceredex Value Advisors LLC, Renaissance Technologies LLC, Systematic Financial Management LP and Man Group plc. Company insiders that have sold Herman Miller company stock in the last year include Andrew J Lock, Brian C Walker, Douglas D French, Gregory J Bylsma, Hezron T Lopez, Jeffrey L Kurburski, Jeremy J Hocking and Kevin J Veltman. View Insider Buying and Selling for Herman Miller.

Which major investors are buying Herman Miller stock?

MLHR stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Assenagon Asset Management S.A., AQR Capital Management LLC, Skandinaviska Enskilda Banken AB publ , Hsbc Holdings PLC, Oxford Asset Management LLP, IndexIQ Advisors LLC and Clark Capital Management Group Inc.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Herman Miller's stock price today?

One share of MLHR stock can currently be purchased for approximately $37.20.

How big of a company is Herman Miller?

Herman Miller has a market capitalization of $2.19 billion and generates $2.38 billion in revenue each year. The business services provider earns $128.10 million in net income (profit) each year or $2.30 on an earnings per share basis. Herman Miller employs 7,681 workers across the globe.

What is Herman Miller's official website?

The official website for Herman Miller is http://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]


MarketBeat Community Rating for Herman Miller (NASDAQ MLHR)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  182 (Vote Outperform)
Underperform Votes:  248 (Vote Underperform)
Total Votes:  430
MarketBeat's community ratings are surveys of what our community members think about Herman Miller and other stocks. Vote "Outperform" if you believe MLHR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MLHR will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/24/2019 by MarketBeat.com Staff

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