Flexsteel Industries (NASDAQ:FLXS) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Flexsteel Industries (NASDAQ:FLXS) from a strong-buy rating to a strong sell rating in a research note released on Thursday,Zacks.com reports.

Several other research analysts also recently commented on FLXS. Wall Street Zen downgraded Flexsteel Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reissued a “buy (b-)” rating on shares of Flexsteel Industries in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Flexsteel Industries presently has a consensus rating of “Hold”.

Flexsteel Industries Stock Performance

FLXS stock opened at $38.47 on Thursday. The firm has a market cap of $202.85 million, a PE ratio of 10.87, a P/E/G ratio of 1.07 and a beta of 0.51. The firm’s fifty day moving average is $44.44 and its 200 day moving average is $37.74. Flexsteel Industries has a one year low of $29.38 and a one year high of $65.87.

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

Flexsteel Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, September 24th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, September 24th. Flexsteel Industries’s dividend payout ratio (DPR) is 22.60%.

Insiders Place Their Bets

In other Flexsteel Industries news, insider Michael Joseph Mcclaflin sold 2,600 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $46.75, for a total value of $121,550.00. Following the transaction, the insider directly owned 33,576 shares in the company, valued at $1,569,678. The trade was a 7.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 15.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Flexsteel Industries

Several institutional investors and hedge funds have recently bought and sold shares of FLXS. Inspire Investing LLC acquired a new position in Flexsteel Industries in the 3rd quarter valued at about $955,000. American Century Companies Inc. boosted its holdings in Flexsteel Industries by 18.5% in the 1st quarter. American Century Companies Inc. now owns 116,368 shares of the company’s stock valued at $4,249,000 after purchasing an additional 18,166 shares during the last quarter. LSV Asset Management boosted its holdings in Flexsteel Industries by 1,977.8% in the 2nd quarter. LSV Asset Management now owns 18,700 shares of the company’s stock valued at $674,000 after purchasing an additional 17,800 shares during the last quarter. Nuveen LLC acquired a new position in Flexsteel Industries in the 1st quarter valued at about $550,000. Finally, Trexquant Investment LP acquired a new position in Flexsteel Industries in the 1st quarter valued at about $496,000. 36.27% of the stock is currently owned by institutional investors and hedge funds.

Flexsteel Industries Company 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.