Flexsteel Industries (NASDAQ:FLXS) Raised to Strong-Buy at Wall Street Zen

Flexsteel Industries (NASDAQ:FLXS) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

A number of other equities analysts have also weighed in on the company. Zacks Research upgraded Flexsteel Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Flexsteel Industries in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Flexsteel Industries Trading Up 25.0%

FLXS opened at $57.55 on Friday. Flexsteel Industries has a 12-month low of $29.38 and a 12-month high of $59.95. The firm has a 50 day moving average of $41.29 and a two-hundred day moving average of $40.70. The firm has a market capitalization of $307.89 million, a PE ratio of 15.68, a P/E/G ratio of 0.94 and a beta of 0.51.

Flexsteel Industries (NASDAQ:FLXS) last released its quarterly earnings data on Monday, February 2nd. The company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.79 by $0.39. Flexsteel Industries had a net margin of 4.58% and a return on equity of 16.67%. The business had revenue of $118.25 million for the quarter, compared to the consensus estimate of $107.51 million. As a group, analysts predict that Flexsteel Industries will post 3.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Flexsteel Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Focus Partners Wealth purchased a new stake in shares of Flexsteel Industries during the third quarter worth about $1,105,000. SummerHaven Investment Management LLC acquired a new stake in Flexsteel Industries in the 3rd quarter worth about $991,000. Inspire Investing LLC purchased a new stake in Flexsteel Industries during the 3rd quarter worth approximately $955,000. LSV Asset Management increased its stake in Flexsteel Industries by 102.1% during the 3rd quarter. LSV Asset Management now owns 37,800 shares of the company’s stock worth $1,752,000 after buying an additional 19,100 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in shares of Flexsteel Industries by 141.2% during the third quarter. Squarepoint Ops LLC now owns 26,432 shares of the company’s stock valued at $1,225,000 after acquiring an additional 15,472 shares during the last quarter. 36.27% of the stock is owned by hedge funds and other institutional investors.

Flexsteel Industries News Summary

Here are the key news stories impacting Flexsteel Industries this week:

• Positive Sentiment: Q2 results and market-share gains — Seeking Alpha highlights that Flexsteel delivered a “double beat” for fiscal Q2, gained share through improved product lines and wider distribution, and appears to be executing well in a difficult furnishings backdrop. Flexsteel: Thriving In A Turbulent Industry Environment
• Positive Sentiment: Analyst upgrades raise forward EPS expectations — Sidoti’s A. Lebiedzinski has nudged multiple quarterly and full‑year EPS forecasts higher (examples include FY2026 and FY2027 lifts), signaling improved analyst conviction in Flexsteel’s earnings trajectory. That revision activity supports the rally. MarketBeat Sidoti Coverage
• Positive Sentiment: Zacks interest — FLXS was added to Zacks Rank #1 (Strong Buy) lists (including “New Strong Buy” and “Best Value” mentions) and appears in Zacks commentary on rising estimates, which can attract momentum and quant-driven flows. New Strong Buy Stocks for February 6th
• Neutral Sentiment: Sector relative performance — A Zacks note compares Flexsteel to the broader consumer discretionary sector year‑to‑date; the company has outperformed peers so far, but broader sector trends (housing, durable goods demand) remain relevant context. Are Consumer Discretionary Stocks Lagging Flexsteel (FLXS) This Year?
• Negative Sentiment: Margin headwinds reiterated — Seeking Alpha (and management/analyst commentary) warns of margin pressure in calendar 2026. Even with stronger top-line execution and share gains, compression in gross or operating margins could limit EPS upside and temper valuation multiples. Flexsteel Reiterates Margin Headwinds In Calendar 2026

Flexsteel Industries Company Profile

Flexsteel Industries, Inc (NASDAQ: FLXS) is a U.S.-based furniture manufacturer specializing in the design, production, and marketing of residential upholstered furniture and wood casegoods. The company operates through two primary segments: Upholstery, which encompasses seating products such as sofas, loveseats, chairs, recliners, and sectionals; and Casegoods, which includes accent and occasional tables, cabinets, bookcases, and other wood-based furnishings. Flexsteel sells its products through a network of independent retailers, furniture stores, and distributors across North America.

Flexsteel’s upholstery segment is distinguished by its patented Blue Steel Spring® technology, which offers enhanced longevity and comfort by replacing conventional webbing and springs with a welded steel seat suspension.