Flexsteel Industries (NASDAQ:FLXS) Stock Bumped Up to “Strong-Buy” by Zacks Research

Posted by Francis Steltz on Oct 3rd, 2026

Zacks Research upgraded shares of Flexsteel Industries (NASDAQ:FLXS – Free Report) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks reports.

A number of other brokerages also recently weighed in on FLXS. Freedom Broker downgraded Flexsteel Industries from a “buy” rating to a “hold” rating and raised their price objective for the company from $72.00 to $80.00 in a research report on Tuesday, August 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Flexsteel Industries in a report on Friday, July 17th. Finally, Freedom Capital lowered shares of Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Get Our Latest Stock Analysis on Flexsteel Industries

Flexsteel Industries Stock Performance

Shares of FLXS opened at $88.82 on Thursday. The company has a 50 day moving average price of $80.27 and a 200-day moving average price of $65.71. Flexsteel Industries has a fifty-two week low of $34.00 and a fifty-two week high of $90.64. The stock has a market capitalization of $476.08 million, a PE ratio of 14.30, a PEG ratio of 1.36 and a beta of 0.51.

Flexsteel Industries (NASDAQ:FLXS – Get Free Report) last issued its quarterly earnings data on Monday, August 17th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.24. The company had revenue of $115.37 million for the quarter, compared to analyst estimates of $109.51 million. Flexsteel Industries had a net margin of 7.21% and a return on equity of 16.11%. Equities research analysts forecast that Flexsteel Industries will post 5.29 EPS for the current year.

Flexsteel Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 12th. Shareholders of record on Wednesday, September 30th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. Flexsteel Industries’s dividend payout ratio (DPR) is 16.10%.

Insiders Place Their Bets

In other news, insider Michael McClaflin sold 2,500 shares of the company’s stock in a transaction dated 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 owned 36,026 shares in the company, valued at $2,866,588.82. This represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Stacy Kammes sold 2,750 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $82.66, for a total transaction of $227,315.00. Following the completion of the transaction, the vice president directly owned 33,306 shares of the company’s stock, valued at $2,753,073.96. The trade was a 7.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 28,914 shares of company stock worth $2,350,392 in the last three months. Insiders own 11.20% of the company’s stock.

Institutional Trading of Flexsteel Industries

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Flexsteel Industries during the second quarter valued at $20,589,000. Renaissance Technologies LLC increased its position in shares of Flexsteel Industries by 7.9% in the 1st quarter. Renaissance Technologies LLC now owns 142,200 shares of the company’s stock valued at $6,390,000 after acquiring an additional 10,400 shares during the period. Punch & Associates Investment Management Inc. raised its stake in Flexsteel Industries by 0.6% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 91,525 shares of the company’s stock worth $4,113,000 after acquiring an additional 545 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Flexsteel Industries in the 2nd quarter worth $3,543,000. Finally, Empowered Funds LLC acquired a new stake in Flexsteel Industries during the 2nd quarter worth about $2,459,000. 36.27% of the stock is currently owned by institutional investors and hedge funds.

About Flexsteel Industries

(Get Free Report)

Flexsteel Industries, Inc is a furniture manufacturer and distributor headquartered in Dubuque, Iowa. Founded in 1893, the company develops and sells residential furniture under the Flexsteel brand, with a focus on upholstered seating and furnishings for living rooms, family rooms, bedrooms, dining areas and home offices.

Its product portfolio includes sofas, sectionals, recliners, chairs, mattresses, beds, dressers, dining tables, dining chairs and occasional furniture. Flexsteel is known for its Blue Steel Spring seating technology, which is incorporated into many of its upholstered furniture products.