Shares of Herman Miller, Inc. (NASDAQ:MLHR) have been assigned an average recommendation of “Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $41.67.

Several brokerages recently commented on MLHR. Zacks Investment Research upgraded shares of Herman Miller from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Friday, December 29th. Raymond James Financial upgraded shares of Herman Miller from a “market perform” rating to an “outperform” rating and set a $43.00 price target on the stock in a research note on Tuesday, December 26th. BidaskClub upgraded shares of Herman Miller from a “sell” rating to a “hold” rating in a research note on Thursday, December 14th. Finally, ValuEngine upgraded shares of Herman Miller from a “hold” rating to a “buy” rating in a research note on Monday, December 11th.

Shares of Herman Miller (MLHR) traded up $1.45 during trading hours on Monday, reaching $40.90. 678,554 shares of the company traded hands, compared to its average volume of 383,744. Herman Miller has a 12-month low of $28.55 and a 12-month high of $40.90. 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 firm has a market cap of $2,360.00, a price-to-earnings ratio of 20.15 and a beta of 1.48.

Herman Miller (NASDAQ:MLHR) last announced its quarterly earnings results on Wednesday, December 20th. The business services provider reported $0.57 EPS for the quarter, hitting the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $603.77 million. During the same period last year, the business earned $0.54 EPS. Herman Miller’s revenue for the quarter was up 4.7% compared to the same quarter last year. research analysts anticipate that Herman Miller will post 2.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Saturday, December 2nd will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.72 annualized dividend and a yield of 1.76%. Herman Miller’s dividend payout ratio is currently 35.47%.

In other Herman Miller news, Director David O. Ulrich sold 13,382 shares of Herman Miller stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $32.38, for a total value of $433,309.16. Following the transaction, the director now directly owns 21,949 shares in the company, valued at $710,708.62. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian C. Walker sold 14,000 shares of Herman Miller 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 transaction, the chief executive officer now owns 160,979 shares in the company, valued at $5,695,437.02. The disclosure for this sale can be found here. Insiders have sold a total of 62,002 shares of company stock worth $2,307,612 over the last quarter. 1.91% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of MLHR. Sei Investments Co. increased its stake in Herman Miller by 0.6% in the second quarter. Sei Investments Co. now owns 4,426 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 26 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Herman Miller by 6.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 368,745 shares of the business services provider’s stock valued at $11,210,000 after purchasing an additional 22,597 shares during the period. First Trust Advisors LP increased its stake in Herman Miller by 2.8% in the second quarter. First Trust Advisors LP now owns 51,504 shares of the business services provider’s stock valued at $1,566,000 after purchasing an additional 1,391 shares during the period. Legal & General Group Plc increased its stake in Herman Miller by 17.1% in the second quarter. Legal & General Group Plc now owns 49,117 shares of the business services provider’s stock valued at $1,494,000 after purchasing an additional 7,162 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Herman Miller by 8.1% in the second quarter. Victory Capital Management Inc. now owns 17,713 shares of the business services provider’s stock valued at $538,000 after purchasing an additional 1,325 shares during the period. Institutional investors own 82.39% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another domain, it was stolen and reposted in violation of US and international copyright and trademark law. The original version of this piece can be accessed at https://www.dailypolitical.com/2018/01/11/herman-miller-inc-mlhr-receives-41-67-consensus-pt-from-analysts.html.

Herman Miller Company Profile

Receive News & Ratings for Herman Miller Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herman Miller and related companies with MarketBeat.com's FREE daily email newsletter.