The SVP & CFO of Steelcase (NYSE: SCS) is Selling Shares

By George MacDonald

Today, the SVP & CFO of Steelcase (NYSE: SCS), David Sylvester, sold shares of SCS for $309.1k.

In addition to David Sylvester, 9 other SCS executives reported Sell trades in the last month. Following David Sylvester’s last SCS Sell transaction on July 01, 2015, the stock climbed by 1.2%.

Based on Steelcase`s latest earnings report from August 31, the company posted quarterly revenue of $819M and quarterly net profit of $37.2M. In comparison, last year the company earned revenue of $786.7M and had a net profit of $30.5M. The company has a one year high of $20.08 and a one year low of $14.85. SCS’s market cap is $2.43B and the company has a P/E ratio of 27.1%.

Looking at blogger coverage of SCS, there is a 100% Bullish tendency on the stock, in relation to a 70% average bullish tendency within the Consumer Goods sector.

Over the last 3 months, the insider sentiment on Steelcase has been negative based on 81 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

Steelcase Inc is engaged in in furnishing the work experience in business, education and healthcare environments. Its brands includeSteelcase, Coalesse, Details, Designtex, PolyVision and Turnstone.