Flexsteel Industries (NASDAQ:FLXS) Downgraded to “Hold” Rating by Freedom Capital

Freedom Capital cut shares of Flexsteel Industries (NASDAQ:FLXS) from a strong-buy rating to a hold rating in a report released on Tuesday,Zacks.com reports.

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

Flexsteel Industries Price Performance

FLXS opened at $78.17 on Tuesday. The firm has a market capitalization of $418.68 million, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 1.24 and a beta of 0.56. The company’s 50 day simple moving average is $72.13 and its two-hundred day simple moving average is $58.57. Flexsteel Industries has a 1-year low of $34.00 and a 1-year high of $88.49.

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

Flexsteel Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, June 24th were paid a dividend of $0.25 per share. This is a positive change from Flexsteel Industries’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. Flexsteel Industries’s dividend payout ratio (DPR) is currently 16.10%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc purchased a new position in Flexsteel Industries in the second quarter worth $25,000. IFP Advisors Inc grew its stake in shares of Flexsteel Industries by 2,200.0% during the 3rd quarter. IFP Advisors Inc now owns 621 shares of the company’s stock worth $29,000 after purchasing an additional 594 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Flexsteel Industries in the fourth quarter valued at about $38,000. BNP Paribas Financial Markets grew its position 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 buying an additional 582 shares during the period. Finally, Farther Finance Advisors LLC acquired a new position in Flexsteel Industries during the fourth quarter worth $49,000. Institutional investors and hedge funds own 36.27% of the company’s stock.

Key Stories Impacting Flexsteel Industries

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

• Positive Sentiment: Broad upward EPS revisions: Sidoti increased its FY2027 EPS forecast to $5.29 from $5.19 and its FY2028 forecast to $6.05 from $5.89. The firm also raised estimates for several quarters, including Q2 FY2027 to $1.30 from $1.20 and Q2 FY2028 to $1.54 from $1.47. These revisions may support the stock by signaling stronger expected profitability. Flexsteel Industries analyst estimates
• Positive Sentiment: Recent results exceeded expectations: Flexsteel’s latest quarterly report showed earnings of $1.33 per share versus the $1.09 consensus estimate, while revenue of $115.37 million surpassed the $109.51 million forecast. The earnings beat likely contributed to the improved analyst outlook.
• Positive Sentiment: Margin-protection initiatives: Management is using pricing and cost actions to offset inflation and other cost pressures. Flexsteel also expects fiscal first-quarter sales of $111 million to $115 million and an operating margin of 6.5% to 7.0% as it exits the ready-to-assemble business. Zacks earnings call analysis
• Neutral Sentiment: Execution remains important: The company enters fiscal 2027 with expected sales growth but an uneven demand environment. Investors will monitor whether pricing, cost reductions and the business exit can sustain margins.
• Negative Sentiment: Macro risks persist: Inflation, tariffs and inconsistent consumer demand could pressure sales and profitability if cost increases cannot be fully passed to customers. These concerns temper the otherwise bullish impact of Sidoti’s revisions. 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.