Herman Miller, Inc. (NASDAQ:MLHR) Director David O. Ulrich sold 13,382 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $32.38, for a total transaction of $433,309.16. Following the sale, the director now directly owns 21,949 shares of the company’s stock, valued at approximately $710,708.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Herman Miller, Inc. (NASDAQ:MLHR) opened at $33.05 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.86 and a current ratio of 1.30. The company has a market capitalization of $1,966.71, a PE ratio of 15.37 and a beta of 1.46. Herman Miller, Inc. has a 52 week low of $28.55 and a 52 week high of $37.00.

Herman Miller (NASDAQ:MLHR) last issued its earnings results on Thursday, September 21st. The business services provider reported $0.57 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. The firm had revenue of $580.30 million during the quarter, compared to the consensus estimate of $578.27 million. Herman Miller had a return on equity of 22.02% and a net margin of 5.34%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. sell-side analysts forecast that Herman Miller, Inc. will post 2.32 EPS for the current 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 paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.18%. The ex-dividend date is Thursday, November 30th. Herman Miller’s payout ratio is 36.00%.

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Several equities research analysts recently weighed in on the stock. BidaskClub raised shares of Herman Miller from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Zacks Investment Research cut shares of Herman Miller from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, ValuEngine raised shares of Herman Miller from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $38.00.

A number of hedge funds and other institutional investors have recently modified their holdings of MLHR. Riverhead Capital Management LLC raised its stake in Herman Miller by 67.9% during the second quarter. Riverhead Capital Management LLC now owns 3,694 shares of the business services provider’s stock worth $112,000 after acquiring an additional 1,494 shares in the last quarter. First Bank & Trust raised its stake 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 acquiring an additional 158 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake 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 acquiring an additional 181 shares in the last quarter. Sei Investments Co. raised its stake 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 acquiring an additional 26 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake 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 acquiring an additional 714 shares in the last quarter. 82.17% of the stock is owned by hedge funds and other institutional investors.

About Herman Miller

Insider Buying and Selling by Quarter for Herman Miller (NASDAQ:MLHR)

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