NASDAQ:MLHR

Herman Miller Stock Forecast, Price & News

$44.49
+0.17 (+0.38 %)
(As of 07/29/2021 12:00 AM ET)
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Today's Range
$44.44
$45.20
50-Day Range
$43.04
$50.69
52-Week Range
$21.91
$51.24
Volume437,666 shs
Average Volume700,228 shs
Market Capitalization$2.63 billion
P/E Ratio15.18
Dividend Yield1.69%
Beta1.33
30 days | 90 days | 365 days | Advanced Chart
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Herman Miller logo

About Herman Miller

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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MarketRank

Overall MarketRank

2.16 out of 5 stars

Business Services Sector

60th out of 545 stocks

Office Furniture Industry

1st out of 3 stocks

Analyst Opinion: 3.5Community Rank: 2.7Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Herman Miller (NASDAQ:MLHR) Frequently Asked Questions

Is Herman Miller a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Herman Miller in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Herman Miller stock.
View analyst ratings for Herman Miller
or view top-rated stocks.

What stocks does MarketBeat like better than Herman Miller?

Wall Street analysts have given Herman Miller a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Herman Miller wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Herman Miller?

Herman Miller saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 5,820,000 shares, an increase of 26.2% from the June 30th total of 4,610,000 shares. Based on an average trading volume of 886,700 shares, the days-to-cover ratio is presently 6.6 days.
View Herman Miller's Short Interest
.

When is Herman Miller's next earnings date?

Herman Miller is scheduled to release its next quarterly earnings announcement on Wednesday, September 15th 2021.
View our earnings forecast for Herman Miller
.

How were Herman Miller's earnings last quarter?

Herman Miller, Inc. (NASDAQ:MLHR) released its quarterly earnings results on Sunday, June, 27th. The business services provider reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.17. The business services provider had revenue of $621.50 million for the quarter, compared to the consensus estimate of $603.80 million. Herman Miller had a trailing twelve-month return on equity of 24.38% and a net margin of 7.03%. The firm's revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 earnings per share.
View Herman Miller's earnings history
.

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

Herman Miller's stock was trading at $26.39 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MLHR shares have increased by 68.6% and is now trading at $44.49.
View which stocks have been most impacted by COVID-19
.

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

Herman Miller announced a quarterly dividend on Thursday, July 22nd. Shareholders of record on Saturday, August 28th will be paid a dividend of $0.1875 per share on Friday, October 15th. This represents a $0.75 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, August 26th.
View Herman Miller's dividend history
.

Is Herman Miller a good dividend stock?

Herman Miller pays an annual dividend of $0.75 per share and currently has a dividend yield of 1.69%. Herman Miller does not yet have a strong track record of dividend growth. The dividend payout ratio of Herman Miller is 22.52%. This payout ratio is at a healthy, sustainable level, below 75%.
View Herman Miller's dividend history.

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

Herman Miller updated its first quarter 2022 earnings guidance on Monday, July, 26th. The company provided earnings per share guidance of $0.520-$0.580 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.620. The company issued revenue guidance of $640 million-$670 million, compared to the consensus revenue estimate of $623.67 million.

What price target have analysts set for MLHR?

4 brokers have issued 12 month price targets for Herman Miller's shares. Their forecasts range from $50.00 to $62.00. On average, they anticipate Herman Miller's share price to reach $58.25 in the next twelve months. This suggests a possible upside of 30.9% from the stock's current price.
View analysts' price targets for Herman Miller
or view top-rated stocks among Wall Street analysts.

Who are Herman Miller's key executives?

Herman Miller's management team includes the following people:
  • Ms. Andrea R. Owen, Pres, CEO & Director (Age 56, Pay $1.91M)
  • Mr. Jeffrey M. Stutz, Chief Financial Officer (Age 50, Pay $800.44k)
  • Mr. Gregory J. Bylsma, Strategic Advisor for North America Contract & Operations (Age 56, Pay $842.95k)
  • Mr. Bruce Benedict Watson, Chief Creative Officer (Age 56, Pay $809.51k)
  • Ms. Megan Lyon, Chief Strategy Officer (Age 41, Pay $798.83k)
  • Mr. Richard Scott, Chief Manufacturing & Operations Officer
  • Mr. Jeffrey L. Kurburski, Chief Technology Officer (Age 55)
  • Mr. Kevin J. Veltman, VP of Investor Relations & Treasurer (Age 46)
  • Ms. Jacqueline Hourigan Rice, Gen. Counsel & Corp. Sec. (Age 49)
  • Mr. Donald D. Goeman, Exec. VP of Research, Design & Devel. (Age 64)

What is Andi Owen's approval rating as Herman Miller's CEO?

54 employees have rated Herman Miller CEO Andi Owen on Glassdoor.com. Andi Owen has an approval rating of 86% among Herman Miller's employees.

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).

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 institutional and retail investors. Top institutional investors include Oregon Public Employees Retirement Fund (0.03%), New Mexico Educational Retirement Board (0.02%), CHICAGO TRUST Co NA (0.01%) and Pflug Koory LLC (0.00%). Company insiders that own Herman Miller stock include Bruce Benedict Watson, Gregory J Bylsma, Jeffrey L Kurburski, John J Mcphee, Michael A Volkema and Richard Scott.
View institutional ownership trends for Herman Miller
.

Which institutional investors are buying Herman Miller stock?

MLHR stock was bought by a variety of institutional investors in the last quarter, including CHICAGO TRUST Co NA, New Mexico Educational Retirement Board, Pflug Koory LLC, and Oregon Public Employees Retirement Fund.
View insider buying and selling activity for Herman Miller
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Herman Miller's stock price today?

One share of MLHR stock can currently be purchased for approximately $44.49.

How much money does Herman Miller make?

Herman Miller has a market capitalization of $2.63 billion and generates $2.47 billion in revenue each year. The business services provider earns $173.10 million in net income (profit) each year or $3.33 on an earnings per share basis.

How many employees does Herman Miller have?

Herman Miller employs 7,600 workers across the globe.

Does Herman Miller have any subsidiaries?

The following companies are subsidiares of Herman Miller: Brandrud Furniture, Colebrook Bosson & Saunders Products Limited, Colebrook Bosson Saunders, Design Within Reach, Geiger International, HM Delaware LLC, HMI Liquidating Company, Hemiri, Herman Miller (Aust.) Proprietary Limited, Herman Miller (Dongguan) Furniture Co., Herman Miller (Ningbo) Furniture Co. Ltd., Herman Miller Asia (Pte.) Ltd., Herman Miller B.V., Herman Miller Canada, Herman Miller Consumer Co., Herman Miller Consumer Corporation Canada, Herman Miller Consumer Holdings, Herman Miller Finance Company (Hong Kong) LImited, Herman Miller Furniture (India) Pvt. Ltd., Herman Miller Global Customer Solutions, Herman Miller Global Customer Solutions (Hong Kong) Limited, Herman Miller Global Holdings Luxembourg S.à r.l., Herman Miller Holdings Limited, Herman Miller International Finance Luxembourg S.à r.l., Herman Miller Japan, Herman Miller Korea LLC, Herman Miller Limited, Herman Miller Mexico S.A. de C.V., Herman Miller Servicios S. de R.L. de C.V., Herman Miller do Brasil, Maars Living Walls, Maharam Fabric Corporation, Meridian Incorporated, Milsure Insurance, Nemschoff, Nemschoff, POSH Office Systems, POSH Office Systems (Hong Kong) Limited, and Sun Hing POSH Holdings Limited.

When was Herman Miller founded?

Herman Miller was founded in 1905.

What is Herman Miller's official website?

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

Where are Herman Miller's headquarters?

Herman Miller is headquartered at 855 E MAIN AVE, ZEELAND MI, 49464.

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 7/30/2021 by MarketBeat.com Staff
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