Flexsteel Industries (NASDAQ:FLXS) Raised to “Strong-Buy” at Zacks Research

Posted by Geri Gentry on May 28th, 2026

Flexsteel Industries (NASDAQ:FLXS – Get Free Report) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

FLXS has been the topic of several other reports. Weiss Ratings upgraded Flexsteel Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, April 20th. Wall Street Zen downgraded Flexsteel Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, Flexsteel Industries currently has a consensus rating of “Strong Buy”.

View Our Latest Stock Report on FLXS

Flexsteel Industries Stock Up 1.0%

FLXS stock opened at $57.02 on Tuesday. Flexsteel Industries has a 52-week low of $29.38 and a 52-week high of $59.95. The stock’s 50 day moving average is $50.25 and its two-hundred day moving average is $45.82. The company has a market capitalization of $305.63 million, a PE ratio of 10.33, a P/E/G ratio of 0.98 and a beta of 0.57.

Flexsteel Industries (NASDAQ:FLXS – Get Free Report) last posted its quarterly earnings data on Monday, April 20th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.39. Flexsteel Industries had a return on equity of 16.10% and a net margin of 6.79%.The company had revenue of $115.13 million for the quarter, compared to the consensus estimate of $118.32 million. As a group, sell-side analysts anticipate that Flexsteel Industries will post 4.78 EPS for the current year.

Institutional Investors Weigh In On Flexsteel Industries

Institutional investors have recently made changes to their positions in the company. IFP Advisors Inc increased its holdings in shares of Flexsteel Industries by 2,200.0% in the 3rd quarter. IFP Advisors Inc now owns 621 shares of the company’s stock valued at $29,000 after acquiring an additional 594 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Flexsteel Industries in the 4th quarter valued at approximately $38,000. 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. Farther Finance Advisors LLC bought a new stake in shares of Flexsteel Industries in the 4th quarter valued at approximately $49,000. Finally, Copeland Capital Management LLC acquired a new position in Flexsteel Industries during the 4th quarter valued at approximately $59,000. 36.27% of the stock is currently owned by institutional investors.

Key Flexsteel Industries News

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

Positive Sentiment: Zacks Research upgraded Flexsteel Industries from hold to strong-buy, signaling improved analyst sentiment on the stock. Zacks.com
Positive Sentiment: Flexsteel was added to Zacks’ Rank #1 (Strong Buy) income stocks list, which could attract income-focused investors. Best Income Stocks to Buy for May 27th
Positive Sentiment: Flexsteel was also added to Zacks’ Strong Buy list, reinforcing the bullish case from another angle. New Strong Buy Stocks for May 27th
Positive Sentiment: Sidoti raised its earnings estimates across multiple future periods, including FY2027 and FY2028, suggesting expectations for stronger long-term profitability. MarketBeat FLXS report

About Flexsteel Industries

(Get Free Report)

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.