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A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

Insider, Andrew Lock Sells Herman Miller Shares

Monday 20 April 2015

Herman Miller insider Andrew J. Lock sold 20,331 shares of the stock on the open market in a transaction that occurred on 16 April. The shares were sold at an average price of $28.78, for a total value of $585,126.18. Following the completion of the transaction, Lock now directly owns 34,028 shares of the company’s stock, valued at approximately $980,000. The sale was disclosed in a filing with the SEC.
Shares of Herman Miller traded up 1.19% during mid-day trading on Monday, hitting $28.84. The stock had a trading volume of 33,802 shares. Herman Miller has a 1-year low of $27.22 and a 1-year high of $32.72. The stock’s 50-day moving average is $28. and its 200-day moving average is $29.. The company has a market cap of $1.72 billion and a price-to-earnings ratio of 18.97.
Herman Miller last released its earnings data on 18 March reporting $0.37 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.03. The company had revenue of $516.40 million for the quarter, compared to the consensus estimate of $571.83 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis.

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