Flexsteel Industries stock opened at $22.19 on Thursday. The firm has a fifty day simple moving average of $20.29 and a two-hundred day simple moving average of $24.74. The company has a quick ratio of 0.89, a current ratio of 3.41 and a debt-to-equity ratio of 0.39. Flexsteel Industries has a twelve month low of $18.23 and a twelve month high of $51.13. The company has a market capitalization of $143.97 million, a PE ratio of 23.11, a P/E/G ratio of 3.20 and a beta of 0.82.
Flexsteel Industries (NASDAQ:FLXS – Get Rating) last released its earnings results on Monday, April 25th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.31. Flexsteel Industries had a return on equity of 3.68% and a net margin of 1.41%. During the same period last year, the firm posted $0.72 earnings per share. As a group, equities analysts expect that Flexsteel Industries will post 0.51 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of FLXS. Morgan Stanley raised its stake in shares of Flexsteel Industries by 2,672.7% in the second quarter. Morgan Stanley now owns 11,562 shares of the company’s stock worth $466,000 after purchasing an additional 11,145 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Flexsteel Industries in the 4th quarter worth approximately $204,000. Millennium Management LLC bought a new stake in shares of Flexsteel Industries in the third quarter worth $228,000. Barclays PLC increased its position in shares of Flexsteel Industries by 193.1% during the 4th quarter. Barclays PLC now owns 7,959 shares of the company’s stock valued at $213,000 after purchasing an additional 5,244 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in Flexsteel Industries by 1.0% during the third quarter. BlackRock Inc. now owns 448,882 shares of the company’s stock valued at $13,862,000 after buying an additional 4,368 shares during the last quarter. Institutional investors and hedge funds own 66.08% of the company’s stock.
About Flexsteel Industries (Get Rating)
Flexsteel Industries, Inc, together with its subsidiaries, operates as a manufacturer, importer, and online marketer of upholstered and wooden furniture for residential and contract markets in the United States. It offers upholstered furniture, such as sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture.
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