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

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$34.69 +0.10 (+0.29 %)
(As of 03/25/2019 04:00 PM ET)
Previous Close$34.59
Today's Range$33.96 - $34.87
52-Week Range$28.66 - $40.65
Volume295,544 shs
Average Volume369,791 shs
Market Capitalization$2.04 billion
P/E Ratio15.08
Dividend Yield2.28%
Beta1.49
Herman Miller, Inc. engages in the provision of furnishings and related technologies and services. It operates through the following segments: North American Furniture Solutions, ELA Furniture Solutions, Specialty, Consumer, and Corporate. The North American Furniture Solutions segment involves in the design, manufacture, and sale of furniture products for work-related settings such as office, education, and healthcare environments. The ELA Furniture Solutions segment consists of design, manufacture, and sale of furniture products primarily for work-related settings, throughout Europe, Middle East, Africa, Latin America, and Asia-Pacific. The Specialty segment includes the design, manufacture, and sale of high-craft furniture products and textiles including Geiger wood products, Maharam textiles, and Herman Miller Collection. The Consumer segment focuses on the sale of modern design furnishings and accessories to third party retail distributors, direct to consumer sales through e-commerce, direct mailing catalogs, and DWR retail studios. The Corporate segment comprises of unallocated corporate expenses including acquisition-related costs and unallocated corporate costs. The company was founded by Dirk Jan de Pree in 1905 and is headquartered in Zeeland, MI.

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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$3.4621 per share
Book Value$11.15 per share

Profitability

Net Income$128.10 million

Miscellaneous

Employees7,681
Market Cap$2.04 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, February 6th. Stockholders of record on Saturday, March 2nd will be paid a dividend of $0.1975 per share on Monday, April 15th. This represents a $0.79 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Thursday, February 28th. View Herman Miller's Dividend History.

How were Herman Miller's earnings last quarter?

Herman Miller, Inc. (NASDAQ:MLHR) posted its earnings results on Wednesday, March, 20th. The business services provider reported $0.64 EPS for the quarter, topping the Thomson Reuters' consensus estimate 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 return on equity of 23.88% and a net margin of 5.81%. The business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company 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 updated its fourth quarter earnings guidance on Wednesday, March, 20th. The company provided 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?

1 analysts have issued twelve-month target prices for Herman Miller's stock. 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 15.3% from the stock's current price. View Analyst Price Targets for Herman Miller.

What is the consensus analysts' recommendation for Herman Miller?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Herman Miller in the last year. There are currently 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?

Press coverage about MLHR stock has trended somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. 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 news sentiment score of -1.1 on InfoTrie's scale. They also assigned news 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 effect on the company's share price in the immediate future.

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:
  • Andrea Owen, President, Chief Executive Officer & Director
  • Jeffrey M. Stutz, CFO, Principal Accounting Officer & Executive VP
  • Michael F. Ramirez, EVP-People, Places & Administration
  • Steven C. Gane, President-Specialty Brands
  • Benedict Bruce Watson, Chief Creative Officer

Who are Herman Miller's major shareholders?

Herman Miller's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.96%), LSV Asset Management (4.75%), Dimensional Fund Advisors LP (3.08%), Ceredex Value Advisors LLC (2.43%), Norges Bank (1.99%) and Northern Trust Corp (1.62%). Company insiders that own Herman Miller stock include Andrew J Lock, Brian C Walker, Bruce Benedict Watson, David O Ulrich, Donald D Goeman, Douglas D French, Gregory J Bylsma, Hezron T Lopez, J Barry Griswell, 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 Royce & Associates LP, Massachusetts Financial Services Co. MA, American Century Companies Inc., GSA Capital Partners LLP, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, Prudential Financial Inc., Bank of New York Mellon Corp and Ceredex Value Advisors LLC. 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, 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 purchased by a variety of institutional investors in the last quarter, including Norges Bank, Assenagon Asset Management S.A., Geode Capital Management LLC, Geode Capital Management LLC, Bank of America Corp DE, Millennium Management LLC, Metropolitan Life Insurance Co. NY and Stevens Capital Management LP. 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 $34.69.

How big of a company is Herman Miller?

Herman Miller has a market capitalization of $2.04 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:  175 (Vote Outperform)
Underperform Votes:  241 (Vote Underperform)
Total Votes:  416
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 3/25/2019 by MarketBeat.com Staff

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