Two Sigma Investments LP acquired a new stake in shares of Herman Miller during the fourth quarter valued at about $819,000. Proficio Capital Partners LLC owns 22 shares worth $1,000. For now, Herman Miller, Inc.is the toast of Wall Street as its ABR stands at 2.00 with 2 out of 4 analysts rating the stock a buy.
An institutional investor recently raised its position in Virco Manufacturing Corporation stock. Meadow Creek Investment Management LLC increased its stake in shares of Herman Miller by 5.1% in the first quarter. Glen Harbor Capital Management LLC now owns 4,182 shares of the business services provider's stock worth $132,000 after buying an additional 204 shares during the period. Cipher Capital LP purchased a new position in Herman Miller during the fourth quarter worth approximately $253,000. Finally, Asset Management One Co.
COPYRIGHT VIOLATION NOTICE: "Q1 2018 EPS Estimates for Herman Miller, Inc". Shares saw a steep increase in trading volume of 136.83% over the normal average daily volume.
Brian C. Walker, CEO reported the sale of 8,000 shares of MLHR stock. Cree, Inc. (CREE) has made its way to a 12-month gain of 3.18%. The firm has a market capitalization of $2.04 billion, a PE ratio of 16.63 and a beta of 1.44.
The stock's 50 day moving average is 31.54 and its 200 day moving average is 31.76.
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By historical standards, Herman Miller, Inc. remains a cheap stock. In the last earnings report the EPS was $2.05 and is expected to be $2.21 for the current year with 59,751,000 shares outstanding. Virco Manufacturing Corporation had a return on equity of 10.87% and a net margin of 13.47%. The business had revenue of $577.20 million for the quarter, compared to the consensus estimate of $583.53 million. During the same quarter in the prior year, the business posted $0.56 EPS. The business's revenue for the quarter was down.9% on a year-over-year basis. The value of the investment in Herman Miller, Inc. went from $5,000 to $19,000 a change of $14,000 for the reporting period.
The business also recently announced a quarterly dividend, which will be paid on Saturday, July 15th. The dividend payment will be $0.170 per share for the quarter which is $0.68 annualized. The ex-dividend date is Wednesday, May 31st. Herman Miller's dividend payout ratio is now 33.17%.
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Several research firms recently commented on MLHR. Wedbush reissued an outperform rating and issued a $6.00 price objective (up previously from $5.00) on shares of Virco Manufacturing Corporation in a research note on Wednesday, June 21st. The stock notched a 12-month high of $38.00 while $38.00 target is by far the most aggressive out of analysts who are now evaluating the company, $0 higher than the next highest 52-week price estimate. Zacks Investment Research raised shares of Herman Miller from a "hold" rating to a "buy" rating and set a $35.00 price target for the company in a research note on Tuesday, March 28th. Finally, Raymond James Financial, Inc. upgraded shares of Herman Miller from an "underperform" rating to a "market perform" rating in a research report on Thursday, March 23rd.
Cree, Inc. has a consensus hold rating from 14 Wall Street analysts, and the number of shares now sold short amount to at least 10.72% of shares outstanding. The stock has an average rating of "Hold" and a consensus target price of $36.50. The lowest price the stock reached in the last trading day was $33.47 and compares with the $26.99 52-week low. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael F. Ramirez sold 1,297 shares of Herman Miller stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $32.05, for a total transaction of $511,710.30. Following the completion of the sale, the insider now directly owns 38,966 shares of the company's stock, valued at $1,248,860.30. Douglas D. French, Director disclosed the sale of 998 shares. Over the last 90 days, insiders have sold 36,199 shares of company stock valued at $1,195,923. Company insiders own 1.91% of the company's stock.
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