Wall Street Zen Downgrades Flexsteel Industries (NASDAQ:FLXS) to Buy

Key Points

• Flexsteel Industries has been downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating.
• In contrast, Zacks Research recently upgraded Flexsteel to a "strong-buy" rating, indicating mixed analyst sentiment surrounding the stock.
• The company's recent quarterly earnings report showed earnings per share of $1.40, surpassing analysts' expectations of $0.84.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.

A number of other analysts have also weighed in on the stock. Zacks Research upgraded shares of Flexsteel Industries from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 10th. Weiss Ratings reissued a "buy (b-)" rating on shares of Flexsteel Industries in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Strong Buy".

Flexsteel Industries Trading Down 5.2%

Shares of Flexsteel Industries stock opened at $38.47 on Friday. Flexsteel Industries has a 12-month low of $29.38 and a 12-month high of $65.87. The firm has a market capitalization of $202.74 million, a price-to-earnings ratio of 10.87, a PEG ratio of 1.13 and a beta of 0.51. The firm's 50 day simple moving average is $44.44 and its two-hundred day simple moving average is $37.74.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $114.61 million for the quarter, compared to analyst estimates 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 business earned $0.75 earnings per share. Flexsteel Industries has set its Q1 2026 guidance at EPS. On average, sell-side analysts predict that Flexsteel Industries will post 3.53 EPS for the current fiscal year.

Insider Transactions at Flexsteel Industries

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

Hedge Funds Weigh In On Flexsteel Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new position in Flexsteel Industries during the first quarter valued at $474,000. GAMMA Investing LLC lifted its holdings in Flexsteel Industries by 4,864.0% during the first quarter. GAMMA Investing LLC now owns 1,241 shares of the company's stock valued at $45,000 after purchasing an additional 1,216 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Flexsteel Industries during the first quarter valued at $314,000. Acadian Asset Management LLC lifted its holdings in Flexsteel Industries by 32.5% during the first quarter. Acadian Asset Management LLC now owns 51,605 shares of the company's stock valued at $1,881,000 after purchasing an additional 12,663 shares in the last quarter. Finally, Strs Ohio purchased a new position in Flexsteel Industries during the first quarter valued at $340,000. 36.27% of the stock is owned by hedge funds and other institutional investors.

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.

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