Steelcase upgraded by Benchmark with a new price target
$SCS
Office Equipment/Supplies/Services
Consumer Discretionary
Benchmark upgraded Steelcase from Hold to Buy and set a new price target of $17.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/9/2024 | Outperform | Noble Capital Markets | |
| 11/30/2022 | Buy → Hold | The Benchmark Company | |
| 10/4/2022 | $11.00 | Neutral → Buy | Sidoti |
| 9/15/2022 | $12.00 | Buy → Neutral | Sidoti |
MUSCATINE, Iowa, Oct. 10, 2025 (GLOBE NEWSWIRE) -- On August 4, 2025, HNI Corporation (NYSE:HNI, "HNI" or "the Corporation")) announced a definitive agreement to acquire Steelcase, Inc. (NYSE:SCS, "Steelcase")) in a cash and stock transaction (the "Acquisition"). In connection with the Acquisition, HNI previously announced the commencement of an offer to exchange any and all outstanding 5.125% Notes due 2029 (the "Existing Steelcase Notes"), as issued by Steelcase, for up to $450,000,000 aggregate principal amount of new notes to be issued by HNI (the "New HNI Notes"). HNI today announced that it has received consents from Eligible Holders (as defined herein) representing 77.83% in princi
MUSCATINE, Iowa, Sept. 26, 2025 (GLOBE NEWSWIRE) -- On August 4, 2025, HNI Corporation (NYSE:HNI, "HNI" or "the Corporation")) announced a definitive agreement to acquire Steelcase, Inc. (NYSE:SCS, "Steelcase")) in a cash and stock transaction (the "Acquisition"). The companies' complementary brand portfolios, dealer networks, and industry segments are expected to enhance customer reach and enable the combined company to accelerate strategic initiatives to better serve customers and drive long-term profitable growth. On a pro forma basis, the combined company had net sales of approximately $5.7 billion for the year ended December 28, 2024. HNI is targeting for the Acquisition to close in t
Revenue grew 5% compared to prior year, led by strong growth from large corporate customers in the Americas and from the India market in InternationalGross margin of 34.4% was approximately flat compared to prior year despite higher tariff and restructuring costsOrders grew 6% compared to prior year, led by continued growth from large corporate customers in the Americas GRAND RAPIDS, Mich., Sept. 24, 2025 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) today reported second quarter revenue of $897.1 million, net income of $35.0 million, or $0.29 per share, and adjusted earnings per share of $0.45. In the prior year, Steelcase reported revenue of $855.8 million, net income of $63.1 million,
Noble Capital Markets initiated coverage of Steelcase with a rating of Outperform
The Benchmark Company downgraded Steelcase from Buy to Hold
Sidoti upgraded Steelcase from Neutral to Buy and set a new price target of $11.00
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425 - STEELCASE INC (0001050825) (Subject)
425 - STEELCASE INC (0001050825) (Subject)
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4 - STEELCASE INC (0001050825) (Issuer)
4 - STEELCASE INC (0001050825) (Issuer)
Revenue grew 5% compared to prior year, led by strong growth from large corporate customers in the Americas and from the India market in InternationalGross margin of 34.4% was approximately flat compared to prior year despite higher tariff and restructuring costsOrders grew 6% compared to prior year, led by continued growth from large corporate customers in the Americas GRAND RAPIDS, Mich., Sept. 24, 2025 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) today reported second quarter revenue of $897.1 million, net income of $35.0 million, or $0.29 per share, and adjusted earnings per share of $0.45. In the prior year, Steelcase reported revenue of $855.8 million, net income of $63.1 million,
GRAND RAPIDS, Mich., Sept. 12, 2025 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE:SCS) will webcast a discussion of its second quarter fiscal year 2026 financial results on Thursday, September 25, 2025 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, September 24, 2025, after the market closes. About Steelcase Inc. Steelcase (NYSE:SCS) is a global design and thought leader in the world of work. Our purpose is to help the world work better. Along with more than 30 creative and technology partner br
Highly Complementary Brand Portfolios, Dealer Networks, and Industry Segments will Enhance Customer Reach Combined Capabilities to Drive Accretion and Accelerate Strategic Initiatives to Better Serve Customers HNI and Steelcase to Host Conference Call and Webcast at 8:30 AM ET Today HNI Corporation (NYSE:HNI) and Steelcase Inc. (NYSE:SCS) today announced that they have entered into a definitive agreement under which HNI will acquire Steelcase in a cash and stock transaction, with a total consideration of approximately $2.2 billion to Steelcase common shareholders. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250803292459
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GRAND RAPIDS, Mich., Feb. 19, 2025 /PRNewswire/ -- Steelcase (NYSE:SCS), a global design, research and thought leader in the world of work, announced today Megan Blazina has been appointed as vice president, chief legal officer and secretary, effective March 17, 2025. Blazina will report to Sara Armbruster, Steelcase president and CEO, and will join the senior executive team. With over 24 years of experience, Blazina will take on a comprehensive leadership role, serving as general counsel and overseeing all legal services. Additionally, she will lead several other departments,
Leaders in hybrid collaboration and technology create more realistic virtual connections for better meetings in the office. GRAND RAPIDS, MIich., June 11, 2024 /PRNewswire/ -- Steelcase, a global design, research and thought leader in the world of work, and Logitech, a multinational software-enabled hardware solutions provider, today introduce Ocular™ View – an extended reality experience that immerses people in virtual conversations that make them feel like they're sitting across from one another even when they're miles apart. Ocular View is designed to enhance individual connections by integrating Steelcase hybrid collaboration insights and design with Logitech's video collaboration tech
GRAND RAPIDS, Mich., Oct. 20, 2022 (GLOBE NEWSWIRE) -- Steelcase (NYSE:SCS) announced today Sanjay Gupta has been appointed to its board of directors. Gupta is a digital marketing and business leader who is currently serving as the chief marketing officer and chief digital officer at Guaranteed Rate, a leader in mortgage lending and digital financial services. The Steelcase board continuously evaluates its composition to ensure the board of directors encompasses the requisite and complementary knowledge, expertise, skills and diversity. "We are incredibly pleased to welcome Sanjay to our board of directors," said Rob Pew, chair of the Steelcase board of directors. "Sanjay is a successful