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NASDAQ:MLHRHerman Miller Stock Price, Forecast & News

$24.94
-0.99 (-3.82 %)
(As of 05/28/2020 02:15 PM ET)
Add
Compare
Today's Range
$24.86
Now: $24.94
$26.22
50-Day Range
$18.51
MA: $21.37
$23.85
52-Week Range
$14.39
Now: $24.94
$49.87
Volume31,550 shs
Average Volume555,187 shs
Market Capitalization$1.47 billion
P/E Ratio7.03
Dividend Yield3.34%
Beta1.58
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 1.8Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.54 out of 5 stars


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$4.19 per share
Book Value$12.23 per share

Profitability

Net Income$160.50 million

Miscellaneous

Employees8,000
Market Cap$1.47 billion
Next Earnings Date6/24/2020 (Estimated)
OptionableOptionable

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Herman Miller (NASDAQ:MLHR) Frequently Asked Questions

How has Herman Miller's stock 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. Since then, MLHR stock has decreased by 5.4% and is now trading at $24.97. View which stocks have been most impacted by Coronavirus.

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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Herman Miller in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." 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, June 24th 2020. View our earnings forecast for Herman Miller.

How were Herman Miller's earnings last quarter?

Herman Miller, Inc. (NASDAQ:MLHR) issued its quarterly earnings data on Wednesday, March, 18th. The business services provider reported $0.74 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.70 by $0.04. The business services provider had revenue of $665.70 million for the quarter, compared to the consensus estimate of $679.45 million. Herman Miller had a net margin of 7.86% and a return on equity of 25.22%. The firm's revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 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 Wednesday, January 29th. Shareholders of record on Saturday, February 29th will be given a dividend of $0.21 per share on Wednesday, April 15th. This represents a $0.84 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, February 27th. View Herman Miller's dividend history.

What price target have analysts set for MLHR?

3 brokerages have issued 1 year price objectives for Herman Miller's stock. Their forecasts range from $47.00 to $48.00. On average, they anticipate Herman Miller's stock price to reach $47.50 in the next year. This suggests a possible upside of 90.2% from the stock's current price. View analysts' price targets for Herman Miller.

Has Herman Miller been receiving favorable news coverage?

News coverage about MLHR stock has trended very positive recently, InfoTrie Sentiment reports. The research firm rates the sentiment of 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 closest to five being the most favorable. Herman Miller earned a media sentiment score of 3.1 on InfoTrie's scale. They also assigned 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 stock's share price in the immediate future. View the latest news aboutHerman Miller.

Are investors shorting Herman Miller?

Herman Miller saw a increase in short interest in May. As of May 15th, there was short interest totaling 2,240,000 shares, an increase of 8.2% from the April 30th total of 2,070,000 shares. Based on an average daily trading volume, of 692,200 shares, the days-to-cover ratio is presently 3.2 days. Approximately 3.8% of the shares of the stock 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Herman Miller investors own include Energy Transfer LP Unit (ET), AbbVie (ABBV), Medallion Financial (MFIN), AT&T (T), Cisco Systems (CSCO), Ford Motor (F), Intel (INTC), Altria Group (MO), Pfizer (PFE) and IBM (IBM).

Who are Herman Miller's key executives?

Herman Miller's management team includes the following 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)

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 BlackRock Inc. (11.48%), AQR Capital Management LLC (5.83%), Fuller & Thaler Asset Management Inc. (4.16%), State Street Corp (3.20%), Geode Capital Management LLC (1.67%) and Acadian Asset Management LLC (1.67%). 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, John J Mcphee, Kevin J Veltman 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 APG Asset Management N.V., APG Asset Management N.V., Federated Hermes Inc., Geode Capital Management LLC, UBS Group AG, Wellington Management Group LLP, BlackRock Inc., and Morgan Stanley. Company insiders that have sold Herman Miller company stock in the last year include Bruce Benedict Watson, Gregory J Bylsma, Jeffrey L Kurburski, and John J Mcphee. 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 Fuller & Thaler Asset Management Inc., AQR Capital Management LLC, Wasatch Advisors Inc., Deutsche Bank AG, JPMorgan Chase & Co., Squarepoint Ops LLC, Canada Pension Plan Investment Board, and Assenagon Asset Management S.A.. Company insiders that have bought Herman Miller stock in the last two years include J Barry Griswell, and Michael A Volkema. 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 $24.97.

How big of a company is Herman Miller?

Herman Miller has a market capitalization of $1.47 billion and generates $2.57 billion in revenue each year. Herman Miller employs 8,000 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 5/28/2020 by MarketBeat.com Staff

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