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Herman Miller Stock Price, Forecast & Analysis (NASDAQ:MLHR)

$47.21
-0.99 (-2.05 %)
(As of 11/21/2019 04:00 PM ET)
Today's Range
$47.00
Now: $47.21
$48.40
50-Day Range
$43.94
MA: $46.41
$49.04
52-Week Range
$28.66
Now: $47.21
$49.40
Volume265,200 shs
Average Volume380,139 shs
Market Capitalization$2.79 billion
P/E Ratio15.90
Dividend Yield1.74%
Beta1.67
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. Read More…

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$2.57 billion
Cash Flow$4.09 per share
Book Value$12.23 per share

Profitability

Net Income$160.50 million

Miscellaneous

Employees8,000
Market Cap$2.79 billion
Next Earnings Date12/18/2019 (Estimated)
OptionableOptionable

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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 declared a dividend on Tuesday, October 15th. Investors of record on Sunday, December 1st will be given a dividend of $0.21 per share on Wednesday, January 15th. The ex-dividend date of this dividend is Wednesday, November 27th. View Herman Miller's Dividend History.

How were Herman Miller's earnings last quarter?

Herman Miller, Inc. (NASDAQ:MLHR) announced its earnings results on Wednesday, September, 18th. The business services provider reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. The business services provider earned $670.90 million during the quarter, compared to analyst estimates of $661.80 million. Herman Miller had a return on equity of 25.80% and a net margin of 6.62%. The firm's revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 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 Wednesday, December 18th 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 second quarter earnings guidance on Wednesday, September, 18th. The company provided EPS guidance of $0.85-0.89 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.85. The company issued revenue guidance of $685-705 million, compared to the consensus revenue estimate of $684.83 million.

What price target have analysts set for MLHR?

2 brokers have issued 12 month price targets for Herman Miller's stock. Their forecasts range from $45.00 to $48.00. On average, they expect Herman Miller's stock price to reach $46.50 in the next twelve months. This suggests that the stock has a possible downside of 1.5%. 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 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Herman Miller.

Has Herman Miller been receiving favorable news coverage?

Media coverage about MLHR stock has trended positive recently, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Herman Miller earned a coverage optimism score of 3.0 on InfoTrie's scale. They also assigned media stories about the business services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Herman Miller.

Are investors shorting Herman Miller?

Herman Miller saw a drop in short interest in October. As of October 15th, there was short interest totalling 1,470,000 shares, a drop of 8.1% from the September 15th total of 1,600,000 shares. Based on an average trading volume of 446,300 shares, the short-interest ratio is presently 3.3 days. Approximately 2.5% of the shares of the company are sold short. View Herman Miller's Current Options Chain.

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 number of of institutional and retail investors. Top institutional shareholders include Boston Trust Walden Corp (0.60%), Foundry Partners LLC (0.35%), California Public Employees Retirement System (0.26%), Speece Thorson Capital Group Inc. (0.18%), Mackay Shields LLC (0.18%) and Robeco Institutional Asset Management B.V. (0.18%). Company insiders that own Herman Miller stock include Andrew J Lock, Brian C Walker, Bruce Benedict Watson, Douglas D French, Gregory J Bylsma, Hezron T Lopez, J Barry Griswell, Jeffrey L Kurburski, Jeremy J Hocking, Kevin J Veltman and Stephen C Gane. View Institutional Ownership Trends for Herman Miller.

Which institutional investors are selling Herman Miller stock?

MLHR stock was sold by a variety of institutional investors in the last quarter, including Speece Thorson Capital Group Inc., Meritage Portfolio Management, First Quadrant L P CA, Systematic Financial Management LP, Meeder Asset Management Inc., First Trust Advisors LP, Bowling Portfolio Management LLC and Zeke Capital Advisors LLC. Company insiders that have sold Herman Miller company stock in the last year include Bruce Benedict Watson, Douglas D French, Gregory J Bylsma and Jeffrey L Kurburski. View Insider Buying and Selling for Herman Miller.

Which institutional investors are buying Herman Miller stock?

MLHR stock was acquired by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Russell Investments Group Ltd., State of New Jersey Common Pension Fund D, Chicago Equity Partners LLC, Arabesque Asset Management Ltd, Picton Mahoney Asset Management, California Public Employees Retirement System and Balasa Dinverno & Foltz LLC. 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, Robinhood, Fidelity and Charles Schwab.

What is Herman Miller's stock price today?

One share of MLHR stock can currently be purchased for approximately $47.21.

How big of a company is Herman Miller?

Herman Miller has a market capitalization of $2.79 billion and generates $2.57 billion in revenue each year. The business services provider earns $160.50 million in net income (profit) each year or $2.97 on an earnings per share basis. Herman Miller employs 8,000 workers across the globe.View Additional Information About Herman Miller.

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:  2.0 out of 5 (star star)
Outperform Votes:  210 (Vote Outperform)
Underperform Votes:  323 (Vote Underperform)
Total Votes:  533
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 11/21/2019 by MarketBeat.com Staff

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