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MLHR Herman Miller

Herman Miller, Inc., based in Zeeland, Michigan, is an American company that produces office furniture and equipment, and home furnishings. Its signature products include the Equa chair, Aeron chair, Noguchi table, Marshmallow sofa, and the Eames Lounge Chair. Herman Miller is credited with the invention of the office cubicle in 1968 under then-director of research Robert Propst. Herman Miller was founded in 1905 as the Star Furniture Co. in Zeeland, Michigan. Initially the company produced high quality furniture, especially bedroom suites, in historic revival styles. In 1909, Dirk Jan De Pree began working for the company as a clerk, and became its president by 1919, when it was renamed the Michigan Star Furniture Co. De Pree and his father-in-law, Herman Miller, purchased 51% of the company stock in 1923 and renamed it the Herman Miller Furniture Company. The company reformed as Herman Miller, Inc. in 1960.

Company profile

Ticker
MLHR
Exchange
CEO
Andrea Owen
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MILLER HERMAN INC
SEC CIK
IRS number
380837640

MLHR stock data

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Calendar

6 Apr 21
18 Apr 21
29 May 21
Quarter (USD)
Feb 21 Nov 20 Aug 20 May 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
May 20 May 19 Jun 18 Jun 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Apr 21 Richard Scott Common Stock Sell Dispose S No No 43.47 150 6.52K 753.128
9 Apr 21 Richard Scott Common Stock Option exercise Aquire M No No 0 300 0 903.128
9 Apr 21 Richard Scott RSU Common Stock Option exercise Dispose M No No 0 300 0 5,596
14 Jan 21 Veltman Kevin J. RSU Common Stock Grant Aquire A No No 0 1,022 0 5,461
14 Jan 21 Veltman Kevin J. RSU Common Stock Grant Aquire A No No 0 1,170 0 4,439
14 Jan 21 John P Michael RSU Common Stock Grant Aquire A No No 0 1,479 0 5,822
14 Jan 21 Richard Scott RSU Common Stock Grant Aquire A No No 0 1,354 0 5,896
30 Dec 20 Straker Timothy C Common Stock Discretionary Dispose I Yes No 33.53 444.267 14.9K 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

82.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 260 247 +5.3%
Opened positions 49 43 +14.0%
Closed positions 36 47 -23.4%
Increased positions 59 79 -25.3%
Reduced positions 107 89 +20.2%
13F shares
Current Prev Q Change
Total value 1.66B 1.43B +16.3%
Total shares 48.73M 47.31M +3.0%
Total puts 192.1K 184.9K +3.9%
Total calls 863.4K 1.6M -46.1%
Total put/call ratio 0.2 0.1 +92.8%
Largest owners
Shares Value Change
BLK Blackrock 7.46M $252.16M -5.2%
Vanguard 5.51M $186.4M +4.1%
Alliancebernstein 3.24M $109.36M +2148.6%
LSV Asset Management 2.28M $77.05M -9.7%
Fuller & Thaler Asset Management 2.2M $74.43M -3.0%
STT State Street 1.81M $61.65M +0.8%
Dimensional Fund Advisors 1.59M $53.91M -2.2%
PRU Prudential Financial 1.39M $47.11M +109.9%
Geode Capital Management 1.08M $36.39M +6.7%
Vulcan Value Partners 1.07M $36.3M -10.3%
Largest transactions
Shares Bought/sold Change
Alliancebernstein 3.24M +3.09M +2148.6%
Norges Bank 976.1K +976.1K NEW
PRU Prudential Financial 1.39M +729.82K +109.9%
GS Goldman Sachs 271.63K -655.43K -70.7%
Aqr Capital Management 655.38K -626.36K -48.9%
JPM JPMorgan Chase & Co. 765.6K +521.35K +213.4%
FMR 42.52K -518.45K -92.4%
BLK Blackrock 7.46M -412.71K -5.2%
Arrowstreet Capital, Limited Partnership 379.36K -377.88K -49.9%
Grantham, Mayo, Van Otterloo & Co. 362.61K -343.77K -48.7%

Financial report summary

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Risks
  • We may not be successful in implementing and managing our growth strategy.
  • Disease outbreaks, such as the COVID-19 pandemic, could have an adverse impact on the Company's operations and financial results.
  • Tariffs imposed by the U.S. government could have a material adverse effect on our results of operations.
  • Adverse economic and industry conditions could have a negative impact on our business, results of operations and financial condition.
  • The markets in which we operate are highly competitive and we may not be successful in winning new business.
  • Our business presence outside the United States exposes us to certain risks that could negatively affect our results of operations and financial condition.
  • We are subject to risks and costs associated with protecting the integrity and security of our systems and confidential information.
  • A sustained downturn in the economy could adversely impact our access to capital.
  • Disruptions in the supply of raw and component materials could adversely affect our manufacturing and assembly operations.
  • Increases in the market prices of manufacturing materials may negatively affect our profitability.
  • Disruptions within our dealer network could adversely affect our business.
  • We are unable to control many of the factors affecting consumer spending. Declines in consumer spending on furnishings could reduce demand for our products.
  • A number of factors that affect our ability to successfully implement our retail studio strategy, including opening new locations and closing existing studios, are beyond our control. These factors may harm our ability to increase the sales and profitability of our retail operations.
  • Increasing competition for highly skilled and talented workers could adversely affect our business.
  • Costs related to product defects could adversely affect our profitability.
  • We are subject to risks associated with self-insurance related to health benefits.
  • Government and other regulations could adversely affect our business.
  • Goodwill and indefinite-lived intangible asset impairment charges may adversely affect our operating results.
  • Impairment of long-lived assets may adversely affect our operating results.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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