Flexsteel Industries (NASDAQ:FLXS) Stock Price Expected to Rise, Freedom Broker Analyst Says

Flexsteel Industries (NASDAQ:FLXS) had its price objective hoisted by investment analysts at Freedom Broker from $80.00 to $86.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the stock. Freedom Broker‘s target price would indicate a potential upside of 28.62% from the company’s previous close.

A number of other brokerages have also weighed in on FLXS. Freedom Capital lowered shares of Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Weiss Ratings upgraded shares of Flexsteel Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, Zacks Research upgraded Flexsteel Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Flexsteel Industries presently has an average rating of “Moderate Buy” and a consensus price target of $86.00.

Flexsteel Industries Price Performance

Shares of FLXS traded down $15.69 during trading hours on Tuesday, hitting $66.86. The stock had a trading volume of 139,758 shares, compared to its average volume of 56,026. The firm has a 50 day simple moving average of $83.11 and a 200-day simple moving average of $62.83. Flexsteel Industries has a 1-year low of $34.00 and a 1-year high of $90.64. The firm has a market capitalization of $358.40 million, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 1.33 and a beta of 0.51.

Flexsteel Industries (NASDAQ:FLXS) last released its quarterly earnings data on Monday, October 26th. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.23 by $0.01. The firm had revenue of $113.97 million during the quarter, compared to the consensus estimate of $112.70 million. Flexsteel Industries had a return on equity of 16.11% and a net margin of 7.21%. Equities analysts predict that Flexsteel Industries will post 5.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider David Crimmins sold 4,494 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $80.91, for a total value of $363,609.54. Following the completion of the transaction, the insider owned 30,194 shares in the company, valued at $2,442,996.54. The trade was a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William Creekmuir sold 3,100 shares of Flexsteel Industries stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $81.85, for a total value of $253,735.00. Following the completion of the sale, the director owned 29,284 shares of the company’s stock, valued at $2,396,895.40. The trade was a 9.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 28,914 shares of company stock valued at $2,350,392. Insiders own 11.20% of the company’s stock.

Institutional Investors Weigh In On Flexsteel Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lakewood Asset Management LLC purchased a new stake in Flexsteel Industries during the 3rd quarter valued at approximately $379,000. Signaturefd LLC purchased a new stake in shares of Flexsteel Industries during the 3rd quarter worth approximately $25,000. Sowell Financial Services LLC bought a new position in shares of Flexsteel Industries during the 3rd quarter valued at approximately $2,581,000. Pinnacle Associates Ltd. bought a new stake in Flexsteel Industries in the third quarter worth $299,000. Finally, IFP Advisors Inc raised its stake in Flexsteel Industries by 18.9% during the third quarter. IFP Advisors Inc now owns 3,629 shares of the company’s stock valued at $307,000 after purchasing an additional 577 shares in the last quarter. 36.27% of the stock is owned by hedge funds and other institutional investors.

Flexsteel Industries News Roundup

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

• Positive Sentiment: First-quarter net sales increased 3.2% to approximately $114.0 million from $110.4 million a year earlier, exceeding the roughly $112.7 million analyst expectation. Flexsteel-branded product sales grew 5.1%, while management highlighted continued order growth and progress from its strategic initiatives. Flexsteel Fiscal First Quarter 2027 Results
• Positive Sentiment: Reported earnings of $1.24 per share slightly exceeded some analyst estimates of $1.23, and the company’s revenue performance also surpassed consensus expectations. Flexsteel Earnings Results
• Neutral Sentiment: Management discussed the first-quarter performance and fiscal second-quarter outlook during the earnings call. The available reports indicate that the company provided guidance for the upcoming quarter, but the supplied coverage does not include the specific guidance figures. Flexsteel Q1 2027 Earnings Call Transcript
• Negative Sentiment: Quarterly EPS fell from $1.31 a year earlier to $1.24. Although the result beat one consensus estimate, it was reported as a slight miss against the Zacks estimate of $1.25, creating a mixed earnings signal for investors. Flexsteel Misses Q1 Earnings Estimates
• Negative Sentiment: Coverage characterized the quarter as a revenue beat but noted that elevated costs weighed on margins. Flexsteel’s reported net margin was 7.21%, making cost control and the fiscal second-quarter outlook key issues for the stock. Flexsteel Fiscal Q1 Earnings and Fiscal Q2 Guidance

Flexsteel Industries Company Profile

Flexsteel Industries, Inc is a furniture company that designs, manufactures, imports and markets residential furniture. Based in Dubuque, Iowa, the company serves the U.S. home furnishings market through retail furniture stores, national and regional chains, interior designers and online channels.

The company’s product offerings include upholstered seating such as sofas, sectionals, chairs and recliners, along with motion furniture, dining and bedroom furniture, occasional tables and home office products.