Flexsteel Industries (NASDAQ:FLXS) Lowered to Hold Rating by Freedom Capital

Flexsteel Industries (NASDAQ:FLXS) was downgraded by Freedom Capital from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other research firms also recently issued reports on FLXS. Wall Street Zen downgraded shares of Flexsteel Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Flexsteel Industries in a research report on Friday, July 17th. Finally, Zacks Research lowered Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Flexsteel Industries Stock Up 1.3%

FLXS opened at $78.17 on Tuesday. The firm has a market capitalization of $418.68 million, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 1.24 and a beta of 0.56. The stock’s 50 day moving average price is $72.13 and its two-hundred day moving average price is $58.57. Flexsteel Industries has a 12-month low of $34.00 and a 12-month high of $88.49.

Flexsteel Industries (NASDAQ:FLXS) last issued its quarterly earnings results on Monday, August 17th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.24. Flexsteel Industries had a return on equity of 15.09% and a net margin of 7.21%.The company had revenue of $115.37 million during the quarter, compared to analyst estimates of $109.51 million. As a group, analysts anticipate that Flexsteel Industries will post 5.19 earnings per share for the current year.

Hedge Funds Weigh In On Flexsteel Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in FLXS. Legal & General Group Plc acquired a new stake in shares of Flexsteel Industries during the 2nd quarter valued at about $25,000. IFP Advisors Inc raised its position in Flexsteel Industries by 2,200.0% in the third quarter. IFP Advisors Inc now owns 621 shares of the company’s stock worth $29,000 after purchasing an additional 594 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Flexsteel Industries in the fourth quarter worth about $38,000. BNP Paribas Financial Markets lifted its stake in Flexsteel Industries by 149.6% during the third quarter. BNP Paribas Financial Markets now owns 971 shares of the company’s stock worth $45,000 after purchasing an additional 582 shares during the period. Finally, Farther Finance Advisors LLC bought a new position in Flexsteel Industries during the fourth quarter worth about $49,000. 36.27% of the stock is owned by institutional investors.

Flexsteel Industries News Summary

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

• Positive Sentiment: Q4 results exceeded expectations: Flexsteel reported adjusted earnings of $1.33 per share, topping the $1.09 consensus estimate, while revenue reached $115.37 million versus expectations of $109.51 million. Flexsteel Fiscal Q4 Earnings Snapshot
• Positive Sentiment: Above-consensus first-quarter outlook: The company projects fiscal Q1 2027 revenue of $111 million to $115 million and an operating margin of 6.5% to 7.0%. The revenue range is above the roughly $107.9 million analyst consensus. Flexsteel is also exiting its ready-to-assemble business, which could improve operating focus and margins. Flexsteel Q1 FY2027 Outlook
• Positive Sentiment: Analyst estimates moved higher: Sidoti raised its Q1 2027 EPS forecast to $1.25 from $1.11, FY2027 EPS to $5.19 from $5.05, Q1 2028 EPS to $1.42 from $1.29 and FY2028 EPS to $5.89 from $5.78. The revisions reinforce expectations for continued earnings growth.
• Neutral Sentiment: Margin-protection efforts remain important: Management is using pricing and cost actions to offset inflation and other cost pressures, while the company enters fiscal 2027 after a period of sales growth. FLXS Q4 Earnings Call Flags Inflation and Uneven Demand
• Negative Sentiment: Demand and trade risks persist: Flexsteel flagged uneven consumer demand, inflation and tariff uncertainty. These factors could pressure furniture orders, input costs and margins if pricing actions do not fully offset them. Flexsteel Q4 2026 Earnings Call Transcript

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.