The VP, Strategy, Research & NBI of Steelcase (NYSE: SCS) is Selling Shares

By George MacDonald

Yesterday, the VP, Strategy, Research & NBI of Steelcase (NYSE: SCS), Sara Armbruster, sold shares of SCS for $147.6k.

In addition to Sara Armbruster, 24 other SCS executives reported Sell trades in the last month. Over the last month, Sara Armbruster has reported 3 Sell trades on SCS for a total of $248.8k.

Based on Steelcase`s latest earnings report from November 30, the company posted quarterly revenue of $787.6M and quarterly net profit of $35.6M. In comparison, last year the company earned revenue of $749.9M and had a net profit of $22.8M. The company has a one year high of $20.21 and a one year low of $11.67. SCS’s market cap is $1.85B and the company has a P/E ratio of 11.12%.

Looking at blogger coverage of SCS, there is a 62% Bullish tendency on the stock, in relation to a 69% average bullish tendency within the Consumer Goods sector.

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

Steelcase, Inc. offers furnishing solutions that addresses the three core elements of an office environment: interior architecture, furniture and technology. Its brands includes Steelcase, Coalesse, Details, Designtex, Nurture, PolyVision and Turnstone. These brands are focused on the office furniture segment and also extend their capabilities to serve needs in areas, such as healthcare, education and distributed work. The company operates its business through following segments: Americas, Europe, the Middle East & Africa and Other. Steelcase was founded by Peter Martin Wege, Sr., Walter D. Idema and David Hunting, Sr. on March 14, 1912 and is headquartered in Grand Rapids, MI.