Herman Miller, Inc. (NASDAQ:MLHR) has received an average recommendation of “Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $41.67.
MLHR has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Herman Miller from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 12th. ValuEngine lowered Herman Miller from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. BidaskClub lowered Herman Miller from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Raymond James Financial raised Herman Miller from a “market perform” rating to an “outperform” rating and set a $43.00 price objective on the stock in a research note on Tuesday, December 26th.
In other news, EVP Jeremy J. Hocking sold 2,442 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $40.40, for a total transaction of $98,656.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Kevin J. Veltman sold 1,190 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $40.28, for a total value of $47,933.20. The disclosure for this sale can be found here. In the last three months, insiders sold 31,014 shares of company stock worth $1,075,219. Insiders own 1.91% of the company’s stock.
Herman Miller (NASDAQ MLHR) opened at $39.85 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.33 and a quick ratio of 0.89. The company has a market capitalization of $2,382.17, a price-to-earnings ratio of 19.73 and a beta of 1.48. Herman Miller has a one year low of $28.55 and a one year high of $40.85.
Herman Miller (NASDAQ:MLHR) last posted its quarterly earnings data on Wednesday, December 20th. The business services provider reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. The company had revenue of $604.60 million for the quarter, compared to analyst estimates of $603.77 million. Herman Miller had a return on equity of 21.85% and a net margin of 5.36%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. sell-side analysts expect that Herman Miller will post 2.35 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Saturday, December 2nd will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, November 30th. Herman Miller’s dividend payout ratio is currently 35.64%.
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Herman Miller Company Profile
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