Flexsteel Industries (NASDAQ:FLXS – Get Free Report) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
Separately, TheStreet raised Flexsteel Industries from a “c” rating to a “b-” rating in a research report on Monday, February 5th.
Flexsteel Industries Price Performance
Flexsteel Industries (NASDAQ:FLXS – Get Free Report) last announced its earnings results on Monday, February 5th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.57. The firm had revenue of $100.11 million for the quarter, compared to analyst estimates of $100.09 million. Flexsteel Industries had a net margin of 3.87% and a return on equity of 6.54%. Equities analysts predict that Flexsteel Industries will post 2.09 earnings per share for the current year.
Hedge Funds Weigh In On Flexsteel Industries
Large investors have recently bought and sold shares of the stock. Barclays PLC acquired a new stake in shares of Flexsteel Industries during the 3rd quarter worth $40,000. Victory Capital Management Inc. purchased a new stake in Flexsteel Industries during the fourth quarter valued at about $92,000. Marion Wealth Management increased its stake in Flexsteel Industries by 7.1% during the first quarter. Marion Wealth Management now owns 29,837 shares of the company’s stock worth $1,113,000 after acquiring an additional 1,979 shares during the last quarter. Weitzel Financial Services Inc. acquired a new position in shares of Flexsteel Industries in the 1st quarter valued at about $264,000. Finally, Denali Advisors LLC purchased a new stake in shares of Flexsteel Industries during the 1st quarter worth about $127,000. Hedge funds and other institutional investors own 36.27% of the company’s stock.
About Flexsteel Industries
Flexsteel Industries, Inc, together with its subsidiaries, operates as a manufacturer, importer, and markets of upholstered furniture for residential and contract markets in the United States. It provides upholstered furniture, such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture.
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