Herman Miller (MLHR) Receiving Somewhat Positive News Coverage, Report Shows

Cramer The Office Furniture Space Is Overlooked But There Are Lots Of Opportunities

Cramer The Office Furniture Space Is Overlooked But There Are Lots Of Opportunities

The Company's segments include North American Furniture Solutions, which includes the design, manufacture and sale of furniture products for work-related settings, including office, education and healthcare environments, across the United States and Canada; EMEA, Latin America, and Asia Pacific (ELA) Furniture Solutions, which includes the operations associated with the design, manufacture, and sale of furniture products, primarily for work-related settings, in the Europe, Middle East and Africa (EMEA), Latin America and Asia-Pacific geographic regions, among others; Specialty segment, which includes the design, manufacture and sale of furniture products and textiles, and Consumer segment, which includes the sale of modern design furnishings and accessories to third-party retail distributors. Through research, the company seeks to define and clarify customer needs and problems existing in its markets and to design, through innovation where feasible, products and systems as solutions to such problems. (NASDAQ:MLHR) recently. Director Douglas D. French sold 998 shares at an average price of $30.95 on January 19th.

Herman Miller, Inc.is engaged in the research, design, manufacture, sale and distribution of office furniture systems, seating products, home furnishings and related services, among others. Herman Miller has a consensus price target of $38.00, suggesting a potential upside of 24.39%.

AQR Capital Management LLC cut its stake in shares of Herman Miller, Inc. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. They issued a "buy" rating and a $38.00 price objective for the company.

Among 4 analysts covering Herman Miller (NASDAQ:MLHR), 1 have Buy rating, 1 Sell and 2 Hold.

Trading was heavy with 717K shares changing hands in the last trading session. The stock has a market capitalization of $2.03 billion, a PE ratio of 16.549 and a beta of 1.44. The firm has a 50 day moving average price of $31.54 and a 200 day moving average price of $31.76. The value of the investment in Herman Miller, Inc. decreased from $779,000 to $752,000 decreasing 3.5% quarter over quarter. The business services provider reported $0.64 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.55 by $0.09.

This table compares Virco Manufacturing Corporation and Herman Miller's net margins, return on equity and return on assets. The company had revenue of $577.20 million for the quarter, compared to the consensus estimate of $583.53 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The business's revenue for the quarter was down.9% on a year-over-year basis. Next quarter's EPS is estimated at $0.56 with next year's EPS anticipated to be $2.58.

The business also recently announced a quarterly dividend, which will be paid on Saturday, July 15th. Stockholders of record on Saturday, June 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.02%. Herman Miller's dividend payout ratio (DPR) is 33.17%. Raymond James downgraded Herman Miller, Inc. The legal version of this news story can be viewed at https://www.com-unik.info/2017/07/13/sidoti-begins-coverage-on-herman-miller-inc-nasdaqmlhr-updated.html.

Herman Miller (NASDAQ:MLHR) last posted its quarterly earnings data on Wednesday, July 5th. The stock was sold at an average price of $33.85, for a total transaction of $338,872.35. Following the sale, the executive vice president now owns 12,973 shares of the company's stock, valued at approximately $439,136.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. $129,107 worth of stock was sold by Goeman Donald D on Tuesday, February 7. The shares were purchased at an average price of $33.69. Following the completion of the sale, the insider now directly owns 38,966 shares of the company's stock, valued at $1,248,860.30. The disclosure for this sale can be found here. Also, insider Andrew J. Lock sold 15,966 shares of the company's stock in a transaction dated Friday, April 21st. In the last quarter, insiders sold 36,199 shares of company stock worth $1,195,923.

The following firms have also recently changed their position in MLHR. Finally, Allianz Asset Management AG raised its stake in shares of Herman Miller by 253.0% in the fourth quarter. First Bank & Trust boosted its position in shares of Herman Miller by 13.2% in the first quarter. First Bank & Trust now owns 3,841 shares of the business services provider's stock worth $121,000 after buying an additional 448 shares in the last quarter. Public Employees Retirement System of OH now owns 3,895 shares of the business services provider's stock worth $123,000 after buying an additional 181 shares during the period. As of quarter end Proficio Capital Partners LLC had acquired 15 shares growing its position 214.3%. Nationwide Fund Advisors now owns 456,710 shares of the business services provider's stock valued at $14,409,000 after buying an additional 42,645 shares during the period. Finally, Forward Management LLC raised its stake in shares of Herman Miller by 3.1% in the first quarter. Forward Management LLC now owns 4,623 shares of the business services provider's stock worth $146,000 after buying an additional 138 shares in the last quarter.

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