Flexsteel Industries (NASDAQ:FLXS) Stock Passes Above 200-Day Moving Average – What’s Next?

Posted by Francis Steltz on Jun 12th, 2026

Shares of Flexsteel Industries, Inc. (NASDAQ:FLXS – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $47.43 and traded as high as $58.90. Flexsteel Industries shares last traded at $58.15, with a volume of 30,092 shares.

Analysts Set New Price Targets

FLXS has been the topic of several recent research reports. Weiss Ratings raised Flexsteel Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, April 20th. Wall Street Zen cut Flexsteel Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 25th. Finally, Zacks Research raised Flexsteel Industries from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

View Our Latest Stock Report on FLXS

Flexsteel Industries Price Performance

The stock has a market capitalization of $338.11 million, a PE ratio of 11.43, a PEG ratio of 1.10 and a beta of 0.58. The business has a 50 day moving average price of $53.53 and a 200 day moving average price of $47.72.

Flexsteel Industries (NASDAQ:FLXS – Get Free Report) last announced its quarterly earnings data on Monday, April 20th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.39. Flexsteel Industries had a net margin of 6.79% and a return on equity of 16.10%. The company had revenue of $115.13 million during the quarter, compared to analyst estimates of $118.32 million. On average, equities analysts expect that Flexsteel Industries, Inc. will post 4.78 earnings per share for the current year.

Flexsteel Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Wednesday, June 24th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, June 24th. This is an increase from Flexsteel Industries’s previous quarterly dividend of $0.20. Flexsteel Industries’s dividend payout ratio (DPR) is presently 14.49%.

Institutional Investors Weigh In On Flexsteel Industries

Several institutional investors have recently modified their holdings of FLXS. IFP Advisors Inc boosted its position in shares of Flexsteel Industries by 2,200.0% during the third quarter. IFP Advisors Inc now owns 621 shares of the company’s stock valued at $29,000 after buying an additional 594 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Flexsteel Industries during the fourth quarter valued at $38,000. BNP Paribas Financial Markets boosted its position in shares of Flexsteel Industries by 149.6% during the third quarter. BNP Paribas Financial Markets now owns 971 shares of the company’s stock valued at $45,000 after buying an additional 582 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of Flexsteel Industries during the fourth quarter valued at $49,000. Finally, Copeland Capital Management LLC purchased a new stake in shares of Flexsteel Industries during the fourth quarter valued at $59,000. 36.27% of the stock is owned by hedge funds and other institutional investors.

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.