Freedom Broker Forecasts Strong Price Appreciation for Flexsteel Industries (NASDAQ:FLXS) Stock

Flexsteel Industries (NASDAQ:FLXS) had its price target lifted by investment analysts at Freedom Broker from $80.00 to $86.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Freedom Broker‘s price target suggests a potential upside of 28.62% from the company’s current price.

A number of other research analysts have also recently weighed in on FLXS. Weiss Ratings upgraded shares of Flexsteel Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Freedom Capital cut Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Finally, Zacks Research raised Flexsteel Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Flexsteel Industries presently has an average rating of “Moderate Buy” and an average target price of $86.00.

Flexsteel Industries Trading Down 19.0%

Shares of FLXS traded down $15.69 during trading hours on Tuesday, reaching $66.86. 139,758 shares of the company traded hands, compared to its average volume of 56,026. The stock’s fifty day moving average price is $83.11 and its 200 day moving average price is $62.83. The firm has a market cap of $358.40 million, a price-to-earnings ratio of 10.78, a PEG ratio of 1.33 and a beta of 0.51. Flexsteel Industries has a 12-month low of $34.00 and a 12-month high of $90.64.

Flexsteel Industries (NASDAQ:FLXS) last posted its earnings results on Monday, October 26th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.01. The company had revenue of $113.97 million for the quarter, compared to analyst estimates of $112.70 million. Flexsteel Industries had a return on equity of 16.11% and a net margin of 7.21%. On average, research analysts forecast that Flexsteel Industries will post 5.29 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Michael McClaflin sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $79.57, for a total transaction of $198,925.00. Following the transaction, the insider directly owned 36,026 shares in the company, valued at approximately $2,866,588.82. This represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William S. Creekmuir sold 1,000 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $81.03, for a total value of $81,030.00. Following the completion of the transaction, the director directly owned 19,226 shares in the company, valued at $1,557,882.78. The trade was a 4.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 28,914 shares of company stock worth $2,350,392 over the last ninety days. 11.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FLXS. Lakewood Asset Management LLC acquired a new position in shares of Flexsteel Industries in the third quarter valued at about $379,000. Signaturefd LLC acquired a new position in shares of Flexsteel Industries during the 3rd quarter worth $25,000. Sowell Financial Services LLC bought a new position in Flexsteel Industries in the third quarter valued at about $2,581,000. Pinnacle Associates Ltd. acquired a new stake in shares of Flexsteel Industries in the 3rd quarter valued at approximately $299,000. Finally, IFP Advisors Inc increased its position in Flexsteel Industries by 18.9% during the 3rd quarter. IFP Advisors Inc now owns 3,629 shares of the company’s stock worth $307,000 after purchasing an additional 577 shares in the last quarter. 36.27% of the stock is currently owned by institutional investors and hedge funds.

Flexsteel Industries News Roundup

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

• Positive Sentiment: First-quarter net sales increased 3.2% to approximately $114.0 million from $110.4 million a year earlier, exceeding the roughly $112.7 million analyst expectation. Flexsteel-branded product sales grew 5.1%, while management highlighted continued order growth and progress from its strategic initiatives. Flexsteel Fiscal First Quarter 2027 Results
• Positive Sentiment: Reported earnings of $1.24 per share slightly exceeded some analyst estimates of $1.23, and the company’s revenue performance also surpassed consensus expectations. Flexsteel Earnings Results
• Neutral Sentiment: Management discussed the first-quarter performance and fiscal second-quarter outlook during the earnings call. The available reports indicate that the company provided guidance for the upcoming quarter, but the supplied coverage does not include the specific guidance figures. Flexsteel Q1 2027 Earnings Call Transcript
• Negative Sentiment: Quarterly EPS fell from $1.31 a year earlier to $1.24. Although the result beat one consensus estimate, it was reported as a slight miss against the Zacks estimate of $1.25, creating a mixed earnings signal for investors. Flexsteel Misses Q1 Earnings Estimates
• Negative Sentiment: Coverage characterized the quarter as a revenue beat but noted that elevated costs weighed on margins. Flexsteel’s reported net margin was 7.21%, making cost control and the fiscal second-quarter outlook key issues for the stock. Flexsteel Fiscal Q1 Earnings and Fiscal Q2 Guidance

Flexsteel Industries Company Profile

Flexsteel Industries, Inc is a furniture company that designs, manufactures, imports and markets residential furniture. Based in Dubuque, Iowa, the company serves the U.S. home furnishings market through retail furniture stores, national and regional chains, interior designers and online channels.

The company’s product offerings include upholstered seating such as sofas, sectionals, chairs and recliners, along with motion furniture, dining and bedroom furniture, occasional tables and home office products.