Douglas D. French Sells 3,800 Shares of Herman Miller, Inc. (MLHR) Stock
Herman Miller, Inc. (NASDAQ:MLHR) Director Douglas D. French sold 3,800 shares of the stock in a transaction on Thursday, January 17th. The stock was sold at an average price of $33.06, for a total value of $125,628.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
MLHR stock traded down $0.47 during trading hours on Tuesday, hitting $33.97. 269,494 shares of the stock were exchanged, compared to its average volume of 321,792. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.41 and a quick ratio of 0.99. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 14.77 and a beta of 1.42. Herman Miller, Inc. has a 12 month low of $28.66 and a 12 month high of $41.85.
Herman Miller (NASDAQ:MLHR) last posted its quarterly earnings data on Wednesday, December 19th. The business services provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.03. The firm had revenue of $652.60 million for the quarter, compared to analysts’ expectations of $645.67 million. Herman Miller had a return on equity of 23.25% and a net margin of 5.53%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.57 EPS. Research analysts expect that Herman Miller, Inc. will post 2.76 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in Herman Miller by 183.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,435 shares of the business services provider’s stock valued at $184,000 after buying an additional 3,519 shares in the last quarter. Ifrah Financial Services Inc. acquired a new stake in Herman Miller in the third quarter valued at about $216,000. Congress Asset Management Co. MA acquired a new stake in Herman Miller in the third quarter valued at about $218,000. Fox Run Management L.L.C. acquired a new stake in Herman Miller in the fourth quarter valued at about $225,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in Herman Miller by 235.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 6,822 shares of the business services provider’s stock valued at $262,000 after buying an additional 4,787 shares in the last quarter. 82.69% of the stock is currently owned by institutional investors.
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Herman Miller Company Profile
Herman Miller, Inc engages in the research, design, manufacture, and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, home furnishings, and related services in the United States and internationally. The company provides modular systems under the Canvas Office Landscape, Locale, Public Office Landscape, Layout Studio, Action Office, Ethospace, Arras, and Resolve names; seating products under the Embody, Aeron, Mirra2, Setu, Say, Verus, Celle, Equa, Taper, and Ergon names; and storage products under the Meridian and Tu names.
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