How to buy Herman Miller stock | $47.8

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 stock price (NASDAQ: MLHR)

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

Herman Miller shares at a glance

• Key figures

Information last updated 2021-07-30.

Latest market close	$47.80
52-week range	$21.51 - $51.25
50-day moving average	$46.20
200-day moving average	$42.61
Wall St. target price	$60.75
PE ratio	15.2363
Dividend yield	$0.562 (1.27%)
Earnings per share (TTM)	$2.92

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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 price performance over time

Historical closes compared with the close of $47.8 from 2021-05-28

1 week (2021-07-20)	N/A
1 month (2021-07-01)	-1.61%
3 months (2021-04-30)	15.18%
6 months (2021-01-27)	N/A

1 year (2020-07-27)	N/A
2 years (2019-07-27)	N/A
3 years (2018-07-27)	N/A
5 years (2016-07-27)	N/A

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 15x. In other words, Herman Miller shares trade at around 15x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-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 $326 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	$2.5 billion
Operating margin TTM	9.69%
Gross profit TTM	$949.2 million
Return on assets TTM	7.25%
Return on equity TTM	22.07%
Profit margin	7.02%
Book value	$14.39
Market capitalisation	$2.6 billion

TTM: trailing 12 months

Shorting Herman Miller shares

There are currently 5.8 million Herman Miller shares held short by investors – that's known as Herman Miller's "short interest". This figure is 26.1% up from 4.6 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 839865.51226551). Herman Miller's SIR currently stands at 6.93. In other words for every 100,000 Herman Miller shares traded daily on the market, roughly 6930 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 0.1% of the outstanding shares (for every 100,000 Herman Miller shares in existence, roughly 100 shares are currently held short) or 0.0992% of the tradable shares (for every 100,000 tradable Herman Miller shares, roughly 99 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly 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: 22.46% of net profits

Recently Herman Miller has paid out, on average, around 22.46% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.69% 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 1.69% return on their shares, in the form of dividend payments. In Herman Miller's case, that would currently equate to about $0.562 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 14 October 2021. The latest dividend was paid out to all shareholders who bought their shares by 26 May 2021 (the "ex-dividend date").

Have Herman Miller's shares ever split?

Herman Miller's shares were split on a 2:1 basis on 16 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 $21.5086 up to $51.245. 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 1.3281. 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.

Frequently asked questions

What percentage of Herman Miller is owned by insiders or institutions?
Currently 0.676% of Herman Miller shares are held by insiders and 92.149% by institutions. 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