How to buy Herman Miller stock

Herman Miller, Inc is a furnishings, fixtures & appliances business based in the US. Herman Miller shares (MLHR) are listed on the NASDAQ and all prices are listed in US Dollars. Herman Miller employs 7,500 staff and has a trailing 12-month revenue of around USD$2.4 billion.

How to buy shares in Herman Miller

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for Herman Miller. Find the stock by name or ticker symbol: MLHR. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Herman Miller reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Herman Miller, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Herman Miller. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Herman Miller share price

Use our graph to track the performance of MLHR stocks over time.

Herman Miller shares at a glance

• Key figures

Information last updated 2021-02-24.

52-week range	USD$14.3206 - USD$39.35
50-day moving average	USD$36.433
200-day moving average	USD$32.8227
Wall St. target price	USD$47
PE ratio	133.1835
Dividend yield	USD$0.398 (1.03%)
Earnings per share (TTM)	USD$0.267

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Is it a good time to buy Herman Miller stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Herman Miller, Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Herman Miller financials

Revenue TTM	USD$2.4 billion
Operating margin TTM	9.51%
Gross profit TTM	USD$910.7 million
Return on assets TTM	7.29%
Return on equity TTM	-1.74%
Profit margin	-0.49%
Book value	$13.537
Market capitalisation	USD$2.3 billion

TTM: trailing 12 months

Shorting Herman Miller shares

There are currently 1.8 million Herman Miller shares held short by investors – that's known as Herman Miller's "short interest". This figure is 1.9% up from 1.8 million last month.

There are a few different ways that this level of interest in shorting Herman Miller shares can be evaluated.

Herman Miller's "short interest ratio" (SIR)

Herman Miller's "short interest ratio" (SIR) is the quantity of Herman Miller shares currently shorted divided by the average quantity of Herman Miller shares traded daily (recently around 576551.59235669). Herman Miller's SIR currently stands at 3.14. In other words for every 100,000 Herman Miller shares traded daily on the market, roughly 3140 shares are currently held short.

However Herman Miller's short interest can also be evaluated against the total number of Herman Miller shares, or, against the total number of tradable Herman Miller shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Herman Miller's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Herman Miller shares in existence, roughly 30 shares are currently held short) or 0.0349% of the tradable shares (for every 100,000 tradable Herman Miller shares, roughly 35 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Herman Miller.

Find out more about how you can short Herman Miller stock.

Have Herman Miller's shares ever split?

Herman Miller's shares were split on a 2:1 basis on 17 March 1998. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Herman Miller shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Herman Miller shares which in turn could have impacted Herman Miller's share price.

Herman Miller share price volatility

Over the last 12 months, Herman Miller's shares have ranged in value from as little as $14.3206 up to $39.35. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Herman Miller's is 1.4013. This would suggest that Herman Miller's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Herman Miller overview

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 worldwide. The company offers seating products under the Embody, Aeron, Mirra2, Setu, Sayl, Verus, Cosm, Lino, Verus, Celle, Equa, Taper, and Ergon names; and modular systems under the Canvas Office Landscape, Locale, Public Office Landscape, Layout Studio, Action Office, Ethospace, Arras, Prospect, Overlay, and Resolve names. It also provides storage products under the Meridian and Tu names; wood case goods under the Geiger name; freestanding furniture products under the Abak, Intent, Sense, and Envelop names; healthcare products under the Palisade, Compass, Nala, Ava, and Nemschoff names; Thrive portfolio of ergonomic solutions, ergonomic, and technology support products under the Colebrook Bosson Saunders name; and textiles under the Maharam name, as well as Live Platform system of cloud-connected furnishings, applications, and dashboards. In addition, the company offers products for residential settings under the Eames, Eames Soft Pad, HAY, Nelson, Bubble Lamps, Airia, Ardea, Bumper, Burdick Group, Everywhere, Claw, Caper, Distil, Envelope, Formwork, Full Round, H Frame, I Beam, Landmark, Logic Mini, Logic Power Access Solutions, Renew, Rolled Arm, Scissor, Sled, Soft Pad, Swoop, Tone, Twist, Ward Bennett, and Wireframe names. Its products are used in offices and related conference, lobby, and lounge areas; transportation terminals; hospitals, clinics, and other healthcare facilities; industrial and educational settings; and residential and other environments. The company markets its products through its sales staff, own dealer network, independent dealers and retailers, and independent contract office furniture dealers, as well as through e-commerce Website. Herman Miller, Inc. was founded in 1905 and is headquartered in Zeeland, Michigan.

Frequently asked questions

• What percentage of Herman Miller is owned by insiders or institutions?

  Currently 0.689% of Herman Miller shares are held by insiders and 86.103% by institutions.

• How many people work for Herman Miller?

  Latest data suggests 7,500 work at Herman Miller.

• When does the fiscal year end for Herman Miller?

  Herman Miller's fiscal year ends in May.

• Where is Herman Miller based?

  Herman Miller's address is: 855 East Main Avenue, Zeeland, MI, United States, 49464-0302

• What is Herman Miller's ISIN number?

  Herman Miller's international securities identification number is: US6005441000

• What is Herman Miller's CUSIP number?

  Herman Miller's Committee on Uniform Securities Identification Procedures number is: 600544100