<div id="readability-page-1"><p>Steelcase Inc. (NYSE:SCS - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 4,114,343 shares traded hands during trading, an increase of 209% from the previous session's volume of 1,330,347 shares.The stock last traded at $16.11 and had previously closed at $16.12.</p><h2>Analysts Set New Price Targets</h2><ul><li>3 Stocks to Gain From Trump’s Return-to-Office Mandate</li></ul><p>A number of equities analysts have recently issued reports on SCS shares. Weiss Ratings  restated a &#34;hold (c+)&#34; rating on shares of Steelcase in a research note on Friday, October 31st. Zacks Research downgraded Steelcase from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Tuesday, November 25th. Four equities research analysts have rated the stock with a Hold rating,  Based on data from MarketBeat.com, the company currently has an average rating of &#34;Hold&#34;.</p><p><b>Get Our Latest Report on SCS</b></p><h2>Steelcase Stock Down 0.1%</h2><ul><li>High-Yield MillerKnoll, Inc.: Value or Value Trap? </li></ul><p>The company's 50 day moving average price is $16.28 and its two-hundred day moving average price is $14.35. The company has a current ratio of 1.66, a quick ratio of 1.18 and a debt-to-equity ratio of 0.44. The firm has a market cap of $1.85 billion, a PE ratio of 15.64, a PEG ratio of 1.47 and a beta of 1.26. </p><p>Steelcase (NYSE:SCS - Get Free Report) last announced its earnings results on Friday, June 2nd. The business services provider reported $0.23 EPS for the quarter. Steelcase had a return on equity of 13.00% and a net margin of 2.92%.The company had revenue of $724.80 million for the quarter.  On average, equities research analysts expect that  Steelcase Inc. will post 1 EPS for the current fiscal year. </p><h2>Steelcase Dividend Announcement</h2><ul><li>Steelcase Makes the Case for the Taking Longs</li></ul><p>The business also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Monday, October 6th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, October 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.5%. Steelcase's payout ratio is 38.83%. </p><h2>Hedge Funds Weigh In On Steelcase</h2><p>Several large investors have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL bought a new position in shares of  Steelcase in the third quarter worth approximately $902,000.  Caitong International Asset Management Co. Ltd purchased a new position in shares of  Steelcase during the 3rd quarter valued at $41,000.  Harvest Investment Services LLC bought a new position in  Steelcase in the 3rd quarter worth $379,000.  CANADA LIFE ASSURANCE Co boosted its holdings in  Steelcase by 27.0% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 8,793 shares of the business services provider's stock worth $151,000 after buying an additional 1,870 shares during the period.  Finally, Dark Forest Capital Management LP purchased a new stake in  Steelcase in the 3rd quarter worth $349,000. Hedge funds and other institutional investors own  92.42% of the company's stock. </p><h2>About Steelcase</h2> (Get Free Report)<p>Steelcase Inc provides a portfolio of furniture and architectural products and services in the United States and internationally. It operates through Americas and International segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, mobile power, and screens.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Steelcase</li><li>Russell 2000 Index, How Investors Use it For Profitable Trading</li><li>Apple Stock Could Surge on Record iPhone Sales and Bold AI Strategy</li><li>What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story</li><li>Dividend Growth Is Heating Up: 3 Stocks With Steady Payout Gains</li><li>Compound Interest and Why It Matters When Investing</li><li>Why AutoZone’s Stock Drop Could Be a Golden Buying Opportunity</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Steelcase Right Now?</h2><p>Before you consider Steelcase, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Steelcase wasn't on the list.</p><p>While Steelcase currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Steelcase (NYSE:SCS) Sees Large Volume Increase - Here's What Happened</p>

Steelcase (NYSE:SCS) Sees Strong Trading Volume - What's Next?