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

Key Points

• Flexsteel Industries has been upgraded from a "buy" rating to a "strong-buy" rating by analysts at Wall Street Zen, indicating heightened investor confidence.
• In its latest earnings report, Flexsteel Industries reported an EPS of $1.40, significantly exceeding analysts' expectations of $0.84 and showing strong revenue of $114.61 million.
• Institutional investors hold 36.27% of Flexsteel Industries stock, with notable increases in holdings by firms like Wells Fargo, indicating growing institutional interest.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday.

Flexsteel Industries Stock Down 0.3%

Shares of FLXS traded down $0.13 during mid-day trading on Friday, hitting $46.57. 16,613 shares of the company's stock were exchanged, compared to its average volume of 24,112. Flexsteel Industries has a 52 week low of $29.38 and a 52 week high of $65.87. The stock's 50-day simple moving average is $38.39 and its 200-day simple moving average is $36.79. The firm has a market cap of $245.56 million, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 1.00 and a beta of 0.34.

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

Institutional Trading of Flexsteel Industries

Large investors have recently made changes to their positions in the company. Deutsche Bank AG acquired a new stake in shares of Flexsteel Industries during the 4th quarter worth approximately $181,000. Nuveen Asset Management LLC boosted its position in shares of Flexsteel Industries by 274.7% during the 4th quarter. Nuveen Asset Management LLC now owns 23,202 shares of the company's stock worth $1,261,000 after acquiring an additional 17,010 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Flexsteel Industries by 223.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,686 shares of the company's stock worth $200,000 after acquiring an additional 2,546 shares in the last quarter. Bank of America Corp DE boosted its position in shares of 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. Finally, GAMMA Investing LLC boosted its position in shares of Flexsteel Industries by 4,864.0% during the 1st quarter. GAMMA Investing LLC now owns 1,241 shares of the company's stock worth $45,000 after acquiring an additional 1,216 shares in the last quarter. Institutional investors and hedge funds own 36.27% of the company's stock.

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.