Flexsteel Industries (NASDAQ:FLXS) Upgraded at Zacks Research

Flexsteel Industries (NASDAQ:FLXS) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

A number of other brokerages have also recently weighed in on FLXS. Wall Street Zen raised Flexsteel Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings restated a “hold (c+)” rating on shares of Flexsteel Industries in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Flexsteel Industries Stock Performance

Shares of FLXS stock opened at $57.55 on Thursday. The firm’s 50 day moving average price is $41.29 and its 200-day moving average price is $40.70. Flexsteel Industries has a one year low of $29.38 and a one year high of $59.95. The firm has a market cap of $307.89 million, a P/E ratio of 15.68, a P/E/G ratio of 0.94 and a beta of 0.51.

Flexsteel Industries (NASDAQ:FLXS) last posted its earnings results on Monday, February 2nd. The company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.39. The firm had revenue of $118.25 million during the quarter, compared to the consensus estimate of $107.51 million. Flexsteel Industries had a net margin of 4.58% and a return on equity of 16.67%. As a group, research analysts predict that Flexsteel Industries will post 3.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Flexsteel Industries

A number of hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its stake in Flexsteel Industries by 24.7% in the third quarter. Russell Investments Group Ltd. now owns 1,991 shares of the company’s stock valued at $92,000 after buying an additional 395 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Flexsteel Industries by 4.1% during the 2nd quarter. First Trust Advisors LP now owns 11,745 shares of the company’s stock worth $423,000 after acquiring an additional 467 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Flexsteel Industries by 149.6% in 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. Marion Wealth Management raised its position in shares of Flexsteel Industries by 1.7% during the 4th quarter. Marion Wealth Management now owns 34,525 shares of the company’s stock worth $1,421,000 after acquiring an additional 589 shares in the last quarter. Finally, IFP Advisors Inc raised its position 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 acquiring an additional 594 shares in the last quarter. Institutional investors and hedge funds own 36.27% of the company’s stock.

Key Flexsteel Industries News

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

• Positive Sentiment: Q2 results and market-share gains — Seeking Alpha highlights that Flexsteel delivered a “double beat” for fiscal Q2, gained share through improved product lines and wider distribution, and appears to be executing well in a difficult furnishings backdrop. Flexsteel: Thriving In A Turbulent Industry Environment
• Positive Sentiment: Analyst upgrades raise forward EPS expectations — Sidoti’s A. Lebiedzinski has nudged multiple quarterly and full‑year EPS forecasts higher (examples include FY2026 and FY2027 lifts), signaling improved analyst conviction in Flexsteel’s earnings trajectory. That revision activity supports the rally. MarketBeat Sidoti Coverage
• Positive Sentiment: Zacks interest — FLXS was added to Zacks Rank #1 (Strong Buy) lists (including “New Strong Buy” and “Best Value” mentions) and appears in Zacks commentary on rising estimates, which can attract momentum and quant-driven flows. New Strong Buy Stocks for February 6th
• Neutral Sentiment: Sector relative performance — A Zacks note compares Flexsteel to the broader consumer discretionary sector year‑to‑date; the company has outperformed peers so far, but broader sector trends (housing, durable goods demand) remain relevant context. Are Consumer Discretionary Stocks Lagging Flexsteel (FLXS) This Year?
• Negative Sentiment: Margin headwinds reiterated — Seeking Alpha (and management/analyst commentary) warns of margin pressure in calendar 2026. Even with stronger top-line execution and share gains, compression in gross or operating margins could limit EPS upside and temper valuation multiples. Flexsteel Reiterates Margin Headwinds In Calendar 2026

About Flexsteel Industries

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.