Research Analysts’ Recent Ratings Changes for Herman Miller (MLHR)

Herman Miller (NASDAQ: MLHR) has recently received a number of price target changes and ratings updates:

  • 1/6/2018 – Herman Miller was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 12/29/2017 – Herman Miller was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $44.00 price target on the stock. According to Zacks, “Herman Miller & Co. is engaged primarily in the design, manufacture, and sale of furniture systems and furniture, and related products and services, for offices, and, to a lesser extent, for health-care facilities and other uses. 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. “
  • 12/27/2017 – Herman Miller was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/26/2017 – Herman Miller was upgraded by analysts at Raymond James Financial, Inc. from a “market perform” rating to an “outperform” rating. They now have a $43.00 price target on the stock.
  • 12/14/2017 – Herman Miller was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/11/2017 – Herman Miller was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 12/7/2017 – Herman Miller was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/5/2017 – Herman Miller was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Herman Miller & Co. is engaged primarily in the design, manufacture, and sale of furniture systems and furniture, and related products and services, for offices, and, to a lesser extent, for health-care facilities and other uses. 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. “
  • 11/22/2017 – Herman Miller was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Herman Miller & Co. is engaged primarily in the design, manufacture, and sale of furniture systems and furniture, and related products and services, for offices, and, to a lesser extent, for health-care facilities and other uses. 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. “

Shares of Herman Miller, Inc. (NASDAQ:MLHR) traded up $0.10 on Tuesday, hitting $39.95. The stock had a trading volume of 211,100 shares, compared to its average volume of 331,360. The firm has a market cap of $2,390.00, a P/E ratio of 19.68 and a beta of 1.48. The company has a quick ratio of 0.89, a current ratio of 1.33 and a debt-to-equity ratio of 0.32. Herman Miller, Inc. has a fifty-two week low of $28.55 and a fifty-two week 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 earnings per share for the quarter, hitting the consensus estimate of $0.57. Herman Miller had a net margin of 5.36% and a return on equity of 21.85%. The firm had revenue of $604.60 million during the quarter, compared to analysts’ expectations of $603.77 million. During the same quarter in the previous year, the company posted $0.54 EPS. Herman Miller’s revenue was up 4.7% on a year-over-year basis. sell-side analysts anticipate that Herman Miller, Inc. will post 2.35 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Saturday, December 2nd will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Thursday, November 30th. Herman Miller’s payout ratio is 35.47%.

In other Herman Miller news, CEO Brian C. Walker sold 14,000 shares of the company’s stock in a transaction on Tuesday, October 17th. The shares were 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 approximately $5,695,437.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David O. Ulrich sold 13,382 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $32.38, for a total transaction of $433,309.16. Following the sale, the director now owns 21,949 shares of the company’s stock, valued at approximately $710,708.62. The disclosure for this sale can be found here. Insiders have sold a total of 31,014 shares of company stock valued at $1,075,219 in the last quarter. Corporate insiders own 1.91% of the company’s stock.

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