Flexsteel Industries (NASDAQ:FLXS) Cut to “Hold” at Freedom Capital

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

A number of 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 research report on Saturday, April 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Flexsteel Industries in a report on Friday, July 17th. Finally, Zacks Research lowered Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Flexsteel Industries currently has a consensus rating of “Hold”.

Flexsteel Industries Trading Up 1.3%

Shares of NASDAQ FLXS opened at $78.17 on Tuesday. Flexsteel Industries has a 12-month low of $34.00 and a 12-month high of $88.49. The stock has a fifty day moving average price of $72.13 and a 200 day moving average price of $58.57. The company has a market cap of $418.68 million, a P/E ratio of 12.59, a P/E/G ratio of 1.24 and a beta of 0.56.

Flexsteel Industries (NASDAQ:FLXS) last posted 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. Flexsteel Industries had a net margin of 7.21% and a return on equity of 15.09%. The company had revenue of $115.37 million for the quarter, compared to analyst estimates of $109.51 million. On average, sell-side analysts forecast that Flexsteel Industries will post 5.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Flexsteel Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC purchased a new position in Flexsteel Industries in the first quarter valued at about $221,000. Jones Financial Companies Lllp raised its stake in shares of Flexsteel Industries by 5,214.0% in the 1st quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock valued at $97,000 after acquiring an additional 2,607 shares in the last quarter. Empowered Funds LLC boosted its position in Flexsteel Industries by 7.0% during the first quarter. Empowered Funds LLC now owns 24,749 shares of the company’s stock worth $904,000 after purchasing an additional 1,622 shares during the period. First Trust Advisors LP boosted its position in Flexsteel Industries by 4.1% during the second quarter. First Trust Advisors LP now owns 11,745 shares of the company’s stock worth $423,000 after purchasing an additional 467 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in Flexsteel Industries by 7.0% during the second quarter. Qube Research & Technologies Ltd now owns 28,888 shares of the company’s stock valued at $1,041,000 after purchasing an additional 1,881 shares during the last quarter. Hedge funds and other institutional investors own 36.27% of the company’s stock.

Trending Headlines about Flexsteel Industries

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.