Parametric Portfolio Associates LLC increased its stake in Herman Miller, Inc. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,880 shares of the business services provider's stock valued at $304,000 after buying an additional 28 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Herman Miller were worth $745,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Herman Miller by 1.4% in the first quarter. Jensen Investment Management Inc. now owns 15,150 shares of the business services provider's stock valued at $478,000 after buying an additional 1,960 shares during the period. The company has a market capitalization of $85.76 million, a price-to-earnings ratio of 3.66 and a beta of 0.09. State Treasurer State of MI now owns 24,330 shares of the business services provider's stock worth $768,000 after buying an additional 200 shares in the last quarter. State Street Corp increased its stake in Herman Miller by 0.8% in the first quarter. The firm owned 71,172 shares of the business services provider's stock after buying an additional 6,492 shares during the period. After $0.64 actual earnings per share reported by Herman Miller, Inc. for the previous quarter, Wall Street now forecasts -10.94% negative EPS growth. Meadow Creek Investment Management LLC now owns 3,444 shares of the business services provider's stock worth $109,000 after buying an additional 168 shares in the last quarter. Neuberger Berman Limited Liability Company has invested 0% in AllianceBernstein Holding LP (NYSE:AB). More interesting news about Herman Miller, Inc.
The stock last traded at $33.60 which is just a bit higher than the 50 day moving average of $31.94 and barely above the 200 day moving average of $31.57. Moreover, Netols Asset Management Inc. has 1.34% invested in the company for 190,875 shares.
The P/E ratio is now 16.39 and the market value is 2.01B. Raymond James Financial, Inc. upgraded shares of Herman Miller from an "underperform" rating to a "market perform" rating in a research note on Thursday, March 23rd.
Herman Miller (NASDAQ:MLHR) last announced its quarterly earnings data on Wednesday, July 5th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.09. Virco Manufacturing Corporation had a return on equity of 10.87% and a net margin of 13.47%. The firm had revenue of $577.20 million during the quarter, compared to analysts' expectations of $583.53 million. The business's revenue was down.9% on a year-over-year basis.
Analysts await Herman Miller, Inc.
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The business also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Saturday, September 2nd will be paid a $0.18 dividend. Analysts expect next quarter's EPS to be $0.56 and the next full year EPS is anticipated to be $2.58. This represents a $0.72 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Wednesday, August 30th. Herman Miller's dividend payout ratio (DPR) is 33.17%.
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MLHR has been the subject of a number of recent analyst reports. If you are viewing this report on another publication, it was stolen and reposted in violation of worldwide trademark & copyright law. The legal version of this article can be viewed at https://www.thestockobserver.com/2017/07/20/parametric-portfolio-associates-llc-boosts-position-in-herman-miller-inc-mlhr-updated.html.
Several brokerages have issued reports on MLHR. The brokerage now has $6.00 price target on the stock.
Herman Miller, Inc., launched on July 21, 1981, is involved in the research, design, manufacture, selling and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, home furnishings and related services. Sidoti initiated coverage on Herman Miller in a report on Tuesday, June 27th. They set a "buy" rating and a $38.00 price objective for the company.
According to the latest research reports released, 2 analysts have issued a rating of "buy", 0 analysts "outperform", 2 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". The company now has a consensus rating of "Hold" and a consensus target price of $38.00. Herman Miller, Inc. has a 12-month low of $26.99 and a 12-month high of $36.46. The stock was sold at an average price of $33.33, for a total value of $43,229.01. Following the transaction, the senior vice president now owns 14,966 shares in the company, valued at approximately $498,816.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
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