NewEdge Advisors LLC Acquires 7,233 Shares of Flexsteel Industries, Inc. $FLXS

NewEdge Advisors LLC boosted its holdings in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS) by 12,689.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,290 shares of the company’s stock after buying an additional 7,233 shares during the quarter. NewEdge Advisors LLC owned about 0.14% of Flexsteel Industries worth $328,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FLXS. IFP Advisors Inc lifted its position in shares of 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 buying an additional 594 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Flexsteel Industries during the 4th quarter valued at about $38,000. BNP Paribas Financial Markets increased its holdings in shares of Flexsteel Industries by 149.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 971 shares of the company’s stock valued at $45,000 after acquiring an additional 582 shares during the last quarter. Farther Finance Advisors LLC bought a new position in shares of Flexsteel Industries in the 4th quarter valued at approximately $49,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Flexsteel Industries by 24.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,991 shares of the company’s stock valued at $92,000 after acquiring an additional 395 shares in the last quarter. 36.27% of the stock is currently owned by institutional investors.

Flexsteel Industries Price Performance

FLXS opened at $81.39 on Monday. The company has a market capitalization of $436.25 million, a P/E ratio of 13.11, a P/E/G ratio of 1.28 and a beta of 0.56. The firm’s fifty day moving average price is $72.83 and its two-hundred day moving average price is $59.13. Flexsteel Industries, Inc. has a fifty-two week low of $34.00 and a fifty-two week high of $88.49.

Flexsteel Industries (NASDAQ:FLXS) last announced its quarterly earnings data on Monday, August 17th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.24. The company had revenue of $115.37 million during the quarter, compared to analysts’ expectations of $109.51 million. Flexsteel Industries had a net margin of 7.21% and a return on equity of 16.11%. On average, equities research analysts expect that Flexsteel Industries, Inc. will post 5.29 EPS for the current fiscal year.

Flexsteel Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, June 24th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.2%. This is a boost from Flexsteel Industries’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, June 24th. Flexsteel Industries’s dividend payout ratio (DPR) is currently 16.10%.

Key Headlines Impacting Flexsteel Industries

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

• Positive Sentiment: Sidoti raised its earnings forecasts. The firm increased its FY2027 EPS estimate to $5.29 from $5.19 and its FY2028 estimate to $6.05 from $5.89. It also raised several quarterly forecasts, including Q2 2027 EPS to $1.30 from $1.20. The revisions signal stronger anticipated profitability and provide a positive catalyst for FLXS. Sidoti Issues Positive Estimate for FLXS Earnings
• Positive Sentiment: Recent operating performance remains supportive. Flexsteel’s latest reported quarter exceeded expectations, with revenue of $115.37 million versus a $109.51 million consensus estimate and EPS of $1.33 versus expectations of $1.09. That earnings momentum likely reinforces the more optimistic forecasts.
• Neutral Sentiment: Relative-performance coverage highlights FLXS’s strong year-to-date performance. A Zacks comparison examined Flexsteel against consumer-discretionary peers, but the available report did not identify a new fundamental catalyst or change in the company’s outlook. Is Flexsteel Industries Stock Outpacing Its Consumer Discretionary Peers This Year?
• Negative Sentiment: Freedom Capital downgraded Flexsteel from “strong buy” to “hold.” The move may weigh on investor sentiment, particularly after the stock’s substantial advance and proximity to its 52-week high. Flexsteel Industries Analyst Downgrade
• Negative Sentiment: Potential litigation could threaten future cash flows. Flexsteel disclosed a legal-liability risk involving potential claims related to its tariff-refund benefit. If claims proceed, the company could face reduced cash proceeds or additional costs, creating uncertainty around a benefit that investors may have expected to support liquidity and earnings. Flexsteel’s Tariff Refund Windfall at Risk as Potential Claims Threaten Future Cash Flows

Analyst Ratings Changes

A number of brokerages have issued reports on FLXS. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Flexsteel Industries in a research report on Friday, July 17th. Zacks Research lowered shares of Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, Freedom Capital cut shares of Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Flexsteel Industries 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.