Deutsche Bank AG Makes New Investment in Flexsteel Industries, Inc. (NASDAQ:FLXS)

Deutsche Bank AG acquired a new stake in Flexsteel Industries, Inc. (NASDAQ:FLXS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,337 shares of the company’s stock, valued at approximately $181,000. Deutsche Bank AG owned approximately 0.06% of Flexsteel Industries at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE raised its stake in Flexsteel Industries by 40.3% during the 4th quarter. Bank of America Corp DE now owns 4,843 shares of the company’s stock worth $263,000 after acquiring an additional 1,392 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Flexsteel Industries in the fourth quarter valued at about $348,000. Northern Trust Corp lifted its stake in shares of Flexsteel Industries by 7.2% in the fourth quarter. Northern Trust Corp now owns 54,064 shares of the company’s stock valued at $2,938,000 after purchasing an additional 3,629 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Flexsteel Industries by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,219 shares of the company’s stock valued at $556,000 after purchasing an additional 226 shares during the period. Finally, EAM Investors LLC acquired a new stake in shares of Flexsteel Industries in the fourth quarter valued at about $820,000. 36.27% of the stock is currently owned by institutional investors and hedge funds.

Flexsteel Industries Stock Down 3.3%

Shares of NASDAQ FLXS opened at $29.38 on Tuesday. Flexsteel Industries, Inc. has a 52 week low of $28.81 and a 52 week high of $65.87. The firm has a 50-day moving average price of $33.21 and a 200 day moving average price of $45.16. The stock has a market capitalization of $154.92 million, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 1.14 and a beta of 0.41.

Flexsteel Industries (NASDAQ:FLXS) last announced its quarterly earnings data on Monday, April 21st. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.88 by $0.25. Flexsteel Industries had a net margin of 4.63% and a return on equity of 11.25%. The firm had revenue of $113.97 million during the quarter, compared to analysts’ expectations of $112.24 million. Equities research analysts expect that Flexsteel Industries, Inc. will post 3.53 EPS for the current fiscal year.

Flexsteel Industries Profile

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.