Notable Downgrades: Herman Miller (MLHR), GasLog Partners LP (GLOP), Fossil Group (FOSL)

Analysts at Raymond James downgraded Herman Miller Inc. (MLHR) from ‘Outperform’ to ‘Market Perform’ in a research report issued to clients on Friday.

On valuation measures, Herman Miller Inc. stock it’s trading at a forward P/E multiple of 12.65x, and at a multiple of 16.26x this year’s estimated earnings. The t-12-month revenue at Herman Miller is $2.21 billion. MLHR ‘s ROE for the same period is 23.88%.

Shares of the $1.71 billion market cap company are up 0.15% year-over-year and 5.83% year-to-date.

Herman Miller Inc., currently with a median Wall Street price target of $33.50 and a high target of $34.00, dropped $1.91 to $28.6189 in recent trading.

The chart below shows where the equity has traded over the past 52-weeks.

GasLog Partners LP (GLOP) was downgraded from ‘Neutral’ to ‘Underweight’ at JP Morgan (JPM).

Shares have traded today between $12.13 and $16.80 with the price of the stock fluctuating between $12.13 to $29.45 over the last 52 weeks.

Goldman Sachs (GS) reported on Friday that they have lowered their rating for Fossil Group, Inc. (FOSL). The firm thinks sales and earnings will miss expectations.

Fossil Group Inc. recently traded at $36.42, a loss of $1.38 over Thursday’s closing price. The name has a current market capitalization of $1.75 billion.

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