Analysts See $0.58 EPS for Herman Miller, Inc. (MLHR); Olstein Capital Management LP Lifted By $340,000 Its General Mtrs Co (GM) Stake

December 9, 2017 - By Kurt Siggers

Olstein Capital Management Lp increased General Mtrs Co (GM) stake by 3.93% reported in 2017Q2 SEC filing. Olstein Capital Management Lp acquired 10,000 shares as General Mtrs Co (GM)’s stock declined 12.09%. The Olstein Capital Management Lp holds 264,500 shares with $9.24 million value, up from 254,500 last quarter. General Mtrs Co now has $59.69 billion valuation. It closed at $42.02 lastly. It is down 7.92% since December 9, 2016 and is uptrending. It has underperformed by 8.78% the S&P500.

Analysts expect Herman Miller, Inc. (NASDAQ:MLHR) to report $0.58 EPS on December, 20.They anticipate $0.04 EPS change or 7.41% from last quarter’s $0.54 EPS. MLHR’s profit would be $34.66M giving it 14.74 P/E if the $0.58 EPS is correct. After having $0.57 EPS previously, Herman Miller, Inc.’s analysts see 1.75% EPS growth. The stock increased 0.59% or $0.2 during the last trading session, reaching $34.2. About 280,012 shares traded. Herman Miller, Inc. (NASDAQ:MLHR) has risen 6.46% since December 9, 2016 and is uptrending. It has underperformed by 10.24% the S&P500.

Among 4 analysts covering Herman Miller (NASDAQ:MLHR), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. Herman Miller had 5 analyst reports since December 18, 2015 according to SRatingsIntel. Raymond James downgraded the shares of MLHR in report on Tuesday, January 3 to “Underperform” rating. The stock of Herman Miller, Inc. (NASDAQ:MLHR) has “Hold” rating given on Friday, June 24 by BB&T Capital. Raymond James downgraded the stock to “Mkt Perform” rating in Friday, December 18 report. The stock of Herman Miller, Inc. (NASDAQ:MLHR) earned “Buy” rating by Sidoti on Tuesday, June 27. Seaport Global initiated Herman Miller, Inc. (NASDAQ:MLHR) on Friday, November 4 with “Neutral” rating.

Investors sentiment decreased to 1.29 in 2017 Q2. Its down 0.15, from 1.44 in 2017Q1. It turned negative, as 20 investors sold Herman Miller, Inc. shares while 64 reduced holdings. 34 funds opened positions while 74 raised stakes. 48.36 million shares or 1.06% less from 48.88 million shares in 2017Q1 were reported. Utd Automobile Association has invested 0% in Herman Miller, Inc. (NASDAQ:MLHR). Menta Capital Ltd has 0.13% invested in Herman Miller, Inc. (NASDAQ:MLHR). The Ontario – Canada-based Bankshares Of Montreal Can has invested 0.01% in Herman Miller, Inc. (NASDAQ:MLHR). Weaver C Barksdale And stated it has 0.01% of its portfolio in Herman Miller, Inc. (NASDAQ:MLHR). National Bank & Trust Of Ny Mellon Corp reported 952,978 shares stake. Gardner Russo And Gardner Limited Liability Corp has invested 0.05% in Herman Miller, Inc. (NASDAQ:MLHR). The Michigan-based Plante Moran Fincl Advsr Limited Liability Com has invested 0.14% in Herman Miller, Inc. (NASDAQ:MLHR). Strs Ohio reported 13,700 shares or 0% of all its holdings. South Dakota Council invested in 0.04% or 56,000 shares. Credit Suisse Ag owns 65,170 shares. Moreover, Tower Research Capital Limited Liability (Trc) has 0% invested in Herman Miller, Inc. (NASDAQ:MLHR) for 261 shares. Winfield Assocs Incorporated has invested 0% of its portfolio in Herman Miller, Inc. (NASDAQ:MLHR). Hsbc Hldgs Public Ltd Liability Co holds 0.01% or 104,874 shares in its portfolio. Renaissance Llc invested in 0% or 10,465 shares. Creative Planning owns 1,700 shares for 0% of their portfolio.

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 in the United States and internationally. The company has market cap of $2.04 billion. The firm provides modular systems under the Canvas Office Landscape, Locale, Public Office Landscape, Layout Studio, Action Office, Ethospace, Arras, and Resolve names; seating products under the Embody, Aeron, Mirra2, Setu, Say, Verus, Celle, Equa, Taper, and Ergon names; and storage products under the Meridian and Tu names. It has a 17.1 P/E ratio. It also offers wood casegoods under the Geiger name; freestanding furniture products under the Abak, Intent, Sense, and Envelop names; and healthcare products under the Palisade, Compass, Nala, Ava, and Nemschoff names, as well as provides Thrive portfolio of ergonomic solutions and textiles, and data analytics solutions.

Olstein Capital Management Lp decreased Bed Bath & Beyond Inc (NASDAQ:BBBY) stake by 55,120 shares to 294,600 valued at $8.96 million in 2017Q2. It also reduced Potbelly Corp (NASDAQ:PBPB) stake by 129,260 shares and now owns 243,540 shares. Comcast Corp New (NASDAQ:CMCSA) was reduced too.

Among 29 analysts covering General Motors Company (NYSE:GM), 15 have Buy rating, 3 Sell and 11 Hold. Therefore 52% are positive. General Motors Company had 80 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was upgraded by Credit Suisse to “Outperform” on Monday, January 11. The stock has “Strong Buy” rating by S&P Research on Friday, September 18. RBC Capital Markets maintained General Motors Company (NYSE:GM) rating on Friday, July 22. RBC Capital Markets has “Sector Perform” rating and $34 target. UBS maintained the stock with “Buy” rating in Thursday, October 22 report. RBC Capital Markets maintained the shares of GM in report on Wednesday, October 25 with “Hold” rating. Bank of America downgraded the shares of GM in report on Wednesday, October 26 to “Neutral” rating. The firm earned “Sell” rating on Monday, October 30 by Goldman Sachs. The stock of General Motors Company (NYSE:GM) earned “Hold” rating by Nomura on Wednesday, November 1. Citigroup maintained General Motors Company (NYSE:GM) on Monday, May 16 with “Buy” rating. RBC Capital Markets maintained General Motors Company (NYSE:GM) rating on Thursday, October 22. RBC Capital Markets has “Sector Perform” rating and $39 target.

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