Analyst Rating Update on Herman Miller (MLHR)

Herman Miller (NASDAQ:MLHR) : 3 analysts are covering Herman Miller (NASDAQ:MLHR) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

For the current week, the company shares have a recommendation consensus of Buy.

Herman Miller (NASDAQ:MLHR): stock turned positive on Tuesday. Though the stock opened at $28.32, the bulls momentum made the stock top out at $28.54 level for the day. The stock recorded a low of $28.2 and closed the trading day at $28.35, in the green by 0.85%. The total traded volume for the day was 774,678. The stock had closed at $28.11 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Terrell Dorothy A, director of Miller Herman Inc, had unloaded 6,100 shares at an average price of $30.76 in a transaction dated on April 26, 2016. The total value of the transaction was worth $187,636.

Herman Miller, Inc., researches, designs, manufactures, and distributes interior furnishings, for use in various environments including office, healthcare, educational, and residential settings, and provides related services that support organizations and individuals all over the world. It operates in three segments: North American Furniture Solutions, which includes the operations associated with the design, manufacture, and sale of furniture products for work-related settings, including office, education, and healthcare environments, throughout the United States and Canada; ELA Furniture Solutions, which includes EMEA, Latin America, and Asia-Pacific. ELA Furniture Solutions includes the operations associated with the design, manufacture, and sale of furniture products, primarily for work-related settings, in these aforementioned geographic regions; and Specialty and Consumer, which includes the operations associated with the design, manufacture, and sale of furniture products.

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