NewEdge Advisors LLC Has $328,000 Holdings in Flexsteel Industries, Inc. $FLXS

Posted by Francis Steltz on Aug 24th, 2026

NewEdge Advisors LLC increased its stake in shares of Flexsteel Industries, Inc. (NASDAQ:FLXS – Free Report) by 12,689.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 7,290 shares of the company’s stock after acquiring an additional 7,233 shares during the period. NewEdge Advisors LLC’s holdings in Flexsteel Industries were worth $328,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of FLXS. AQR Capital Management LLC bought a new stake in Flexsteel Industries in the first quarter valued at $221,000. Jones Financial Companies Lllp lifted its holdings 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 acquiring an additional 2,607 shares during the period. Empowered Funds LLC lifted its holdings 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 acquiring an additional 1,622 shares during the period. First Trust Advisors LP boosted its stake in shares of Flexsteel Industries by 4.1% in the 2nd quarter. First Trust Advisors LP now owns 11,745 shares of the company’s stock valued at $423,000 after purchasing an additional 467 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Flexsteel Industries by 7.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 28,888 shares of the company’s stock valued at $1,041,000 after purchasing an additional 1,881 shares in the last quarter. Institutional investors and hedge funds 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: Sidoti raised its earnings forecasts. The firm increased its FY2027 EPS estimate to $5.29 from $5.19 and its FY2028 estimate to $6.05 from $5.89. It also raised several quarterly forecasts, including Q2 2027 EPS to $1.30 from $1.20. The revisions signal stronger anticipated profitability and provide a positive catalyst for FLXS. Sidoti Issues Positive Estimate for FLXS Earnings
Positive Sentiment: Recent operating performance remains supportive. Flexsteel’s latest reported quarter exceeded expectations, with revenue of $115.37 million versus a $109.51 million consensus estimate and EPS of $1.33 versus expectations of $1.09. That earnings momentum likely reinforces the more optimistic forecasts.
Neutral Sentiment: Relative-performance coverage highlights FLXS’s strong year-to-date performance. A Zacks comparison examined Flexsteel against consumer-discretionary peers, but the available report did not identify a new fundamental catalyst or change in the company’s outlook. Is Flexsteel Industries Stock Outpacing Its Consumer Discretionary Peers This Year?
Negative Sentiment: Freedom Capital downgraded Flexsteel from “strong buy” to “hold.” The move may weigh on investor sentiment, particularly after the stock’s substantial advance and proximity to its 52-week high. Flexsteel Industries Analyst Downgrade
Negative Sentiment: Potential litigation could threaten future cash flows. Flexsteel disclosed a legal-liability risk involving potential claims related to its tariff-refund benefit. If claims proceed, the company could face reduced cash proceeds or additional costs, creating uncertainty around a benefit that investors may have expected to support liquidity and earnings. Flexsteel’s Tariff Refund Windfall at Risk as Potential Claims Threaten Future Cash Flows

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Freedom Capital cut shares of Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Flexsteel Industries in a research report on Friday, July 17th. Finally, Zacks Research lowered shares of Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Flexsteel Industries currently has a consensus rating of “Hold”.

Check Out Our Latest Report on Flexsteel Industries

Flexsteel Industries Stock Performance

Flexsteel Industries stock opened at $81.39 on Monday. The business’s fifty day moving average is $72.83 and its two-hundred day moving average is $59.13. The firm has a market cap of $436.25 million, a P/E ratio of 13.11, a P/E/G ratio of 1.28 and a beta of 0.56. Flexsteel Industries, Inc. has a 52 week low of $34.00 and a 52 week high of $88.49.

Flexsteel Industries (NASDAQ:FLXS – Get Free Report) last announced its earnings results on Monday, August 17th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.24. Flexsteel Industries had a return on equity of 16.11% and a net margin of 7.21%.The company had revenue of $115.37 million during the quarter, compared to analyst estimates of $109.51 million. On average, equities research analysts predict that Flexsteel Industries, Inc. will post 5.29 earnings per share for the current year.

Flexsteel Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, June 24th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. This is an increase from Flexsteel Industries’s previous quarterly dividend of $0.20. Flexsteel Industries’s payout ratio is currently 16.10%.

About Flexsteel Industries

(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.