Steelcase (SCS)

• Market cap: $1.34B
• 1 day: -4.71%
• 5 days: -9.90%
• 1 month: -10.18%
• 3 months: -9.13%
• 6 months: -3.61%
• Year to date: -11.60%
• 1 year: -16.68%
• 5 years: -45.67%
• 10 years: -34.49%
• Sector: Consumer Discretionary
• Industry: Office Furniture, Except Wood

About: Steelcase Inc is a furniture company based in the United States. Its brands such as Steelcase, AMQ, Coalesse, Designtex, and others offer a portfolio of furniture and architectural products and services designed to help customers create workplaces. It markets its products and services to businesses and organizations predominantly through a network of dealers and also sells to consumers in markets around the world through web-based and retail distribution channels. The company's reportable segments include the Americas which generates key revenue, and International.

Employees: 12,480

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

14% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 28

2% more funds holding

Funds holding: 218 [Q2] → 222 (+4) [Q3]

4% more capital invested

Capital invested by funds: $1.07B [Q2] → $1.11B (+$38.1M) [Q3]

0.55% less ownership

Funds ownership: 88.09% [Q2] → 87.54% (-0.55%) [Q3]

4% less repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 79

38% less call options, than puts

Call options by funds: $633K | Put options by funds: $1.02M

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $16 36% upside
• Avg. target: $16 36% upside
• High target: $16 36% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Noble Capital Markets Joe Gomes 60% 1-year accuracy 3 / 5 met price target

36% upside $16

Outperform Initiated

9 Oct 2024