Herman Miller (NASDAQ:MLHR) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, November 9th.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Herman Miller from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub raised Herman Miller from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $38.00.
Herman Miller (NASDAQ:MLHR) opened at $35.20 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.30 and a quick ratio of 0.86. Herman Miller has a 1 year low of $28.55 and a 1 year high of $37.00. The firm has a market capitalization of $2,056.38, a price-to-earnings ratio of 16.08 and a beta of 1.46.
In other news, CEO Brian C. Walker sold 14,000 shares of the business’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $35.38, for a total transaction of $495,320.00. Following the completion of the sale, the chief executive officer now owns 160,979 shares in the company, valued at $5,695,437.02. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David O. Ulrich sold 13,382 shares of Herman Miller stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $32.38, for a total value of $433,309.16. Following the sale, the director now directly owns 21,949 shares of the company’s stock, valued at $710,708.62. The disclosure for this sale can be found here. Insiders sold a total of 85,789 shares of company stock worth $2,955,741 in the last ninety days. Insiders own 1.91% of the company’s stock.
Several hedge funds have recently bought and sold shares of MLHR. Riverhead Capital Management LLC raised its stake in Herman Miller by 67.9% in the second quarter. Riverhead Capital Management LLC now owns 3,694 shares of the business services provider’s stock valued at $112,000 after buying an additional 1,494 shares during the period. First Bank & Trust grew its position in Herman Miller by 4.1% during the second quarter. First Bank & Trust now owns 3,999 shares of the business services provider’s stock worth $121,000 after buying an additional 158 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Herman Miller by 4.9% during the first quarter. Public Employees Retirement System of Ohio now owns 3,895 shares of the business services provider’s stock worth $123,000 after buying an additional 181 shares in the last quarter. Sei Investments Co. grew its position in Herman Miller by 0.6% during the second quarter. Sei Investments Co. now owns 4,426 shares of the business services provider’s stock worth $135,000 after buying an additional 26 shares in the last quarter. Finally, LS Investment Advisors LLC grew its position in Herman Miller by 17.5% during the second quarter. LS Investment Advisors LLC now owns 4,802 shares of the business services provider’s stock worth $146,000 after buying an additional 714 shares in the last quarter. 82.32% of the stock is owned by institutional investors.
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Herman Miller Company Profile
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