Flexsteel Industries (NASDAQ:FLXS) Upgraded at Zacks Research

Zacks Research upgraded shares of Flexsteel Industries (NASDAQ:FLXS) from a hold rating to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.

Several other research analysts have also recently issued reports on FLXS. Wall Street Zen raised shares of Flexsteel Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Flexsteel Industries in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Flexsteel Industries Price Performance

Shares of NASDAQ FLXS opened at $57.55 on Thursday. The stock has a fifty day moving average price of $41.29 and a 200 day moving average price of $40.72. Flexsteel Industries has a 1-year low of $29.38 and a 1-year high of $59.95. The company has a market cap of $307.89 million, a PE ratio of 15.68, a P/E/G ratio of 1.17 and a beta of 0.51.

Flexsteel Industries (NASDAQ:FLXS) last announced its quarterly earnings data on Monday, February 2nd. The company reported $1.18 earnings per share (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 company had revenue of $118.25 million for the quarter, compared to analysts’ expectations of $107.51 million. Analysts anticipate that Flexsteel Industries will post 3.53 earnings per share for the current fiscal year.

Flexsteel Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Monday, December 29th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a $0.80 annualized dividend and a yield of 1.4%. Flexsteel Industries’s payout ratio is currently 21.80%.

Hedge Funds Weigh In On Flexsteel Industries

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

More Flexsteel Industries News

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

About Flexsteel Industries

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.