Net sales declined 0.9% from year-ago levels to $577.2 million, trailing the $583.53 million Street view. Finally, Raymond James Financial, Inc. raised shares of Herman Miller from an underperform rating to a market perform rating in a research report on Thursday, March 23rd.
Market capitalization is the total market value of all of a company's outstanding shares. This represents a $0.68 annualized dividend and a yield of 2.20%. Sidoti assumed coverage on shares of Herman Miller in a research note on Tuesday, June 27th. The company's revenue for the quarter was down.9% on a year-over-year basis. They now have a United States dollars 35 price target on the stock.
While having a peek at profitability ratios Miller Herman Inc (NASDAQ:MLHR) has trailing twelve month gross margin at 38%, its trailing twelve month operating margin stands at 8.7% whereas its trailing twelve month net profit margin spots at 5.7%.
A number of equities analysts have commented on the stock. After a recent check, company stock has been trading near the $30.55 mark.
Herman Miller shares have dropped roughly 10 percent since the beginning of the year. The company presently has a consensus rating of Hold and a consensus price target of $36.50. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 14.22 and a beta of 1.44. During the same quarter past year, the firm earned $0.56 earnings per share.
Credit Agricole S A decreased its stake in Herman Miller, Inc. The business services provider reported $0.64 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.55 by $0.09. The ex-dividend date is Wednesday, May 31st. The legal version of this news story can be read at https://www.chaffeybreeze.com/2017/07/05/herman-miller-inc-mlhr-posts-earnings-results.html. Following the sale, the executive vice president now directly owns 12,973 shares of the company's stock, valued at approximately $439,136.05. In the last quarter, insiders have sold 36,199 shares of company stock worth $1,195,923.
Miller Herman Inc (NASDAQ:MLHR) as of recent trade, has shown weekly upbeat performance of 1.82% which was maintained at -3.89% in 1-month period. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The stock was sold at an average price of $33.85, for a total value of $302,111.25. (NASDAQ:MLHR) is -2.45% away from the 20-Day Simple Moving Average.
In other Herman Miller news, SVP Michael F. Ramirez sold 1,297 shares of the stock in a transaction that occurred on Wednesday, April 26th. In other news, insider Bruce Benedict Watson sold 8,925 shares of the firm's stock in a transaction on Wednesday, May 3rd. Following the sale, the insider now owns 38,966 shares in the company, valued at $1,248,860.30. The shares were sold at an average price of $33.85, for a total transaction of $338,872.35. The disclosure for this sale can be found here.