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How to buy Herman Miller stock | 33.3
Own Herman Miller stock in just a few minutes.
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 7,600 staff and has a trailing 12-month revenue of around USD$2.4 billion.
How to buy shares in Herman Miller
- 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.
- 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.
- 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.
- 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.
- Decide on how many to buy. At last close price of USD$33.3, 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.
- 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.
What's in this guide?
- MLHR shares summary
- Compare share dealing platforms
- Is MLHR stock a buy or sell?
- Stock performance over time
- Can I short MLHR shares?
- Are MLHR shares over-valued?
- Herman Miller's financials
- How volatile are MLHR shares?
- Does Herman Miller pay a dividend?
- Have MLHR shares ever split?
- Other common questions
How has coronavirus impacted Herman Miller's share price?
Since the stock market crash in March caused by coronavirus, Herman Miller's share price has had significant negative movement.
Its last market close was USD$33.3, which is 17.14% down on its pre-crash value of USD$40.19 and 131.41% up on the lowest point reached during the March crash when the shares fell as low as USD$14.39.
If you had bought USD$1,000 worth of Herman Miller shares at the start of February 2020, those shares would have been worth USD$481.62 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$825.84.
Herman Miller share price
Use our graph to track the performance of MLHR stocks over time.Herman Miller shares at a glance
Information last updated 2020-10-13.
| Latest market close | USD$33.3 |
|---|---|
| 52-week range | USD$14.39 - USD$49.8749 |
| 50-day moving average | USD$27.9746 |
| 200-day moving average | USD$24.1639 |
| Wall St. target price | USD$45 |
| PE ratio | 117.5926 |
| Dividend yield | USD$0.75 (2.35%) |
| 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.
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 price performance over time
Historical closes compared with the close of $33.3 from 2020-10-16
| 1 week (2020-10-13) | 4.03% |
|---|---|
| 1 month (2020-09-18) | -3.53% |
| 3 months (2020-07-20) | 46.50% |
| 6 months (2020-04-20) | 72.63% |
| 1 year (2019-10-18) | -27.21% |
|---|---|
| 2 years (2018-10-19) | -0.42% |
| 3 years (2017-10-20) | -6.85% |
| 5 years (2015-10-20) | 3.61% |
Is Herman Miller under- or over-valued?
Valuing Herman Miller stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Herman Miller's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Herman Miller's P/E ratio
Herman Miller's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 118x. In other words, Herman Miller shares trade at around 118x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Herman Miller's PEG ratio
Herman Miller's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.31. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Herman Miller's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Herman Miller's EBITDA
Herman Miller's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$303.8 million.
The EBITDA is a measure of a Herman Miller's overall financial performance and is widely used to measure a its profitability.
Herman Miller financials
| Revenue TTM | USD$2.4 billion |
|---|---|
| Operating margin TTM | 9.11% |
| Gross profit TTM | USD$910.7 million |
| Return on assets TTM | 7.51% |
| Return on equity TTM | 1.42% |
| Profit margin | 0.64% |
| Book value | $12.672 |
| Market capitalisation | USD$1.9 billion |
TTM: trailing 12 months
Shorting Herman Miller shares
There are currently 2.3 million Herman Miller shares held short by investors – that's known as Herman Miller's "short interest". This figure is 9.2% down from 2.5 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 2.3 million). Herman Miller's SIR currently stands at 0.97. In other words for every 100,000 Herman Miller shares traded daily on the market, roughly 970 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 0.04% of the outstanding shares (for every 100,000 Herman Miller shares in existence, roughly 40 shares are currently held short) or 0.0435% of the tradable shares (for every 100,000 tradable Herman Miller shares, roughly 44 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.
Herman Miller share dividends
Dividend payout ratio: 9.98% of net profits
Recently Herman Miller has paid out, on average, around 9.98% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.35% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Herman Miller shareholders could enjoy a 2.35% return on their shares, in the form of dividend payments. In Herman Miller's case, that would currently equate to about $0.75 per share.
While Herman Miller's payout ratio might seem low, this can signify that Herman Miller is investing more in its future growth.
Herman Miller's most recent dividend payout was on 15 January 2021. The latest dividend was paid out to all shareholders who bought their shares by 25 November 2020 (the "ex-dividend date").
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 $14.39 up to $49.8749. 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 1.4506. 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.
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