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NASDAQ:MLHR

Herman Miller Stock Forecast, Price & News

$34.59
+0.43 (+1.26 %)
(As of 10/20/2020 12:00 AM ET)
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Compare
Today's Range
$33.99
Now: $34.59
$35.63
50-Day Range
$22.12
MA: $29.09
$34.55
52-Week Range
$14.39
Now: $34.59
$49.87
Volume853,333 shs
Average Volume846,260 shs
Market Capitalization$2.04 billion
P/E Ratio138.36
Dividend YieldN/A
Beta1.45
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 worldwide. The company offers seating products under the Embody, Aeron, Mirra2, Setu, Sayl, Verus, Cosm, Lino, Verus, Celle, Equa, Taper, and Ergon names; and modular systems under the Canvas Office Landscape, Locale, Public Office Landscape, Layout Studio, Action Office, Ethospace, Arras, Prospect, Overlay, and Resolve names. It also provides storage products under the Meridian and Tu names; wood case goods under the Geiger name; freestanding furniture products under the Abak, Intent, Sense, and Envelop names; healthcare products under the Palisade, Compass, Nala, Ava, and Nemschoff names; Thrive portfolio of ergonomic solutions, ergonomic, and technology support products under the Colebrook Bosson Saunders name; and textiles under the Maharam name, as well as Live Platform system of cloud-connected furnishings, applications, and dashboards. In addition, the company offers products for residential settings under the Eames, Eames Soft Pad, HAY, Nelson, Bubble Lamps, Airia, Ardea, Bumper, Burdick Group, Everywhere, 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 offices and related conference, lobby, and lounge areas; transportation terminals; 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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Herman Miller logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 1.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.26 out of 5 stars

Industry, Sector and Symbol

Industry Office furniture
Sub-IndustryOffice Services & Supplies
Current SymbolNASDAQ:MLHR
CUSIP60054410
Phone616-654-3000
Employees7,600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.49 billion
Cash Flow$4.12 per share
Book Value$12.67 per share

Profitability

Net Income$-9,100,000.00

Miscellaneous

Market Cap$2.04 billion
Next Earnings Date12/16/2020 (Estimated)
OptionableOptionable
$34.59
+0.43 (+1.26 %)
(As of 10/20/2020 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 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 31.1% and is now trading at $34.59.
View which stocks have been most impacted by COVID-19
.

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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Herman Miller in the last year. There are currently 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) released its earnings results on Wednesday, September, 16th. The business services provider reported $1.24 earnings per share (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 net margin of 0.64% and a return on equity of 22.89%. The company's revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 EPS.
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. Investors of record on Saturday, November 28th will be paid a dividend of $0.1875 per share on Friday, January 15th. This represents a $0.75 dividend on an annualized basis 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?

2 brokerages have issued 1-year price objectives 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 30.1% from the stock's current price.
View analysts' price targets for Herman Miller
.

Are investors shorting Herman Miller?

Herman Miller saw a decrease in short interest in September. As of September 15th, there was short interest totaling 2,480,000 shares, a decrease of 9.2% from the August 31st total of 2,730,000 shares. Based on an average trading volume of 1,250,000 shares, the short-interest ratio is presently 2.0 days. Approximately 4.2% of the company's stock are sold short.
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), AbbVie (ABBV), Intel (INTC), Pfizer (PFE), Energy Transfer (ET), Verizon Communications (VZ), Medallion Financial (MFIN), Target (TGT), Advanced Micro Devices (AMD) and Cisco Systems (CSCO).

Who are Herman Miller's key executives?

Herman Miller's management team includes the following people:
  • Ms. Andrea R. Owen, Pres, CEO & Director (Age 55, Pay $1.91M)
  • Mr. Jeffrey M. Stutz, Chief Financial Officer (Age 49, Pay $800.44k)
  • Mr. Gregory J. Bylsma, Strategic Advisor for North America Contract & Operations (Age 55, Pay $842.95k)
  • Mr. Bruce Benedict Watson, Chief Creative Officer (Age 55, Pay $809.51k)
  • Ms. Megan Lyon, Chief Strategy Officer (Age 40, Pay $798.83k)

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 a number of retail and institutional investors. Top institutional investors include Assenagon Asset Management S.A. (0.15%), First Midwest Bank Trust Division (0.05%), Foster & Motley Inc. (0.05%), FNY Investment Advisers LLC (0.03%), Pacer Advisors Inc. (0.02%) and Nisa Investment Advisors LLC (0.02%). 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 Assenagon Asset Management S.A., Foster & Motley Inc., and State of Alaska Department of Revenue.
View insider buying and selling activity for Herman Miller
.

Which major investors are buying Herman Miller stock?

MLHR stock was purchased by a variety of institutional investors in the last quarter, including First Midwest Bank Trust Division, FNY Investment Advisers LLC, Pacer Advisors Inc., Crossmark Global Holdings Inc., Nisa Investment Advisors LLC, and QV Investors Inc..
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 $34.59.

How big of a company is Herman Miller?

Herman Miller has a market capitalization of $2.04 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 10/20/2020 by MarketBeat.com Staff

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