Flexsteel Industries (NASDAQ:FLXS) Given “Buy (B-)” Rating at Weiss Ratings

Flexsteel Industries (NASDAQ:FLXS)‘s stock had its “buy (b-)” rating reiterated by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised Flexsteel Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 30th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Flexsteel Industries Stock Performance

FLXS stock opened at $43.45 on Wednesday. The stock’s 50 day simple moving average is $43.36 and its 200 day simple moving average is $37.58. Flexsteel Industries has a fifty-two week low of $29.38 and a fifty-two week high of $65.87. The company has a market cap of $228.98 million, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 0.92 and a beta of 0.51.

Flexsteel Industries (NASDAQ:FLXS) last posted its quarterly earnings results on Monday, August 18th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.56. Flexsteel Industries had a return on equity of 14.74% and a net margin of 4.57%.The business had revenue of $114.61 million for the quarter, compared to the consensus estimate of $111.93 million. During the same period in the prior year, the business earned $0.75 EPS. Flexsteel Industries has set its Q1 2026 guidance at EPS. Equities analysts predict that Flexsteel Industries will post 3.53 earnings per share for the current year.

Insider Buying and Selling

In other Flexsteel Industries news, insider Michael Joseph Mcclaflin sold 2,600 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $46.75, for a total transaction of $121,550.00. Following the completion of the sale, the insider directly owned 33,576 shares of the company’s stock, valued at approximately $1,569,678. The trade was a 7.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 15.60% of the company’s stock.

Institutional Trading of Flexsteel Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC increased its holdings in Flexsteel Industries by 20.6% during the 2nd quarter. Lazard Asset Management LLC now owns 9,932 shares of the company’s stock worth $357,000 after purchasing an additional 1,697 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Flexsteel Industries by 3.8% in the second quarter. Bridgeway Capital Management LLC now owns 63,106 shares of the company’s stock valued at $2,274,000 after acquiring an additional 2,298 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Flexsteel Industries by 8.9% in the second quarter. Ameriprise Financial Inc. now owns 7,972 shares of the company’s stock valued at $287,000 after acquiring an additional 653 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Flexsteel Industries by 7.0% in the second quarter. Qube Research & Technologies Ltd now owns 28,888 shares of the company’s stock valued at $1,041,000 after acquiring an additional 1,881 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Flexsteel Industries by 4.1% in the second quarter. First Trust Advisors LP now owns 11,745 shares of the company’s stock valued at $423,000 after acquiring an additional 467 shares in the last quarter. 36.27% of the stock is owned by institutional investors.

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.