Flexsteel Industries (NASDAQ:FLXS – Get Free Report) was downgraded by research analysts at Freedom Capital from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.
Other research analysts have also issued research reports about the company. Wall Street Zen lowered Flexsteel Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Flexsteel Industries in a research report on Friday, July 17th. Finally, Zacks Research cut Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on Flexsteel Industries
Flexsteel Industries Trading Up 1.3%
Flexsteel Industries (NASDAQ:FLXS – Get Free Report) last issued its quarterly earnings data on Monday, August 17th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.09 by $0.24. The firm had revenue of $115.37 million during the quarter, compared to the consensus estimate of $109.51 million. Flexsteel Industries had a net margin of 7.21% and a return on equity of 15.09%. Equities analysts predict that Flexsteel Industries will post 5.19 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in FLXS. AQR Capital Management LLC bought a new position in shares of Flexsteel Industries in the 1st quarter worth approximately $221,000. Jones Financial Companies Lllp boosted its position in shares of Flexsteel Industries by 5,214.0% during the first quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company’s stock valued at $97,000 after purchasing an additional 2,607 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Flexsteel Industries by 7.0% during the first quarter. Empowered Funds LLC now owns 24,749 shares of the company’s stock valued at $904,000 after purchasing an additional 1,622 shares in the last quarter. First Trust Advisors LP grew its stake in Flexsteel Industries by 4.1% in 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 stake in Flexsteel Industries by 7.0% in the second quarter. Qube Research & Technologies Ltd now owns 28,888 shares of the company’s stock worth $1,041,000 after purchasing an additional 1,881 shares during the period. Hedge funds and other institutional investors own 36.27% of the company’s stock.
Key Headlines Impacting Flexsteel Industries
Here are the key news stories impacting Flexsteel Industries this week:
- Positive Sentiment: Broad upward EPS revisions: Sidoti increased its FY2027 EPS forecast to $5.29 from $5.19 and its FY2028 forecast to $6.05 from $5.89. The firm also raised estimates for several quarters, including Q2 FY2027 to $1.30 from $1.20 and Q2 FY2028 to $1.54 from $1.47. These revisions may support the stock by signaling stronger expected profitability. Flexsteel Industries analyst estimates
- Positive Sentiment: Recent results exceeded expectations: Flexsteel’s latest quarterly report showed earnings of $1.33 per share versus the $1.09 consensus estimate, while revenue of $115.37 million surpassed the $109.51 million forecast. The earnings beat likely contributed to the improved analyst outlook.
- Positive Sentiment: Margin-protection initiatives: Management is using pricing and cost actions to offset inflation and other cost pressures. Flexsteel also expects fiscal first-quarter sales of $111 million to $115 million and an operating margin of 6.5% to 7.0% as it exits the ready-to-assemble business. Zacks earnings call analysis
- Neutral Sentiment: Execution remains important: The company enters fiscal 2027 with expected sales growth but an uneven demand environment. Investors will monitor whether pricing, cost reductions and the business exit can sustain margins.
- Negative Sentiment: Macro risks persist: Inflation, tariffs and inconsistent consumer demand could pressure sales and profitability if cost increases cannot be fully passed to customers. These concerns temper the otherwise bullish impact of Sidoti’s revisions. 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.
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