Flexsteel Industries (NASDAQ:FLXS) Price Target Raised to $86.00

Posted by Brenda Bartman on Oct 30th, 2026

Flexsteel Industries (NASDAQ:FLXS – Free Report) had its target price boosted by Freedom Broker from $80.00 to $86.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Freedom Broker currently has a hold rating on the stock.

A number of other analysts have also recently issued reports on the company. Zacks Research raised Flexsteel Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. Freedom Capital lowered Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Finally, Weiss Ratings raised Flexsteel Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Get Our Latest Research Report on Flexsteel Industries

Flexsteel Industries Price Performance

Shares of NASDAQ:FLXS opened at $75.57 on Tuesday. The company’s fifty day moving average price is $83.10 and its 200 day moving average price is $63.52. Flexsteel Industries has a 12 month low of $34.00 and a 12 month high of $90.64. The firm has a market capitalization of $314.37 million, a P/E ratio of 15.12, a P/E/G ratio of 1.14 and a beta of 0.51.

Flexsteel Industries (NASDAQ:FLXS – Get Free Report) last released its quarterly earnings data on Monday, October 26th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.01. Flexsteel Industries had a net margin of 6.75% and a return on equity of 15.11%. The company had revenue of $113.97 million during the quarter, compared to the consensus estimate of $112.70 million. On average, sell-side analysts anticipate that Flexsteel Industries will post 5.40 EPS for the current year.

Flexsteel Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 12th. Shareholders of record on Wednesday, September 30th were paid a $0.25 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. Flexsteel Industries’s payout ratio is currently 16.29%.

Insider Buying and Selling at Flexsteel Industries

In other news, insider David Crimmins sold 4,494 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $80.91, for a total transaction of $363,609.54. Following the completion of the sale, the insider owned 30,194 shares in the company, valued at approximately $2,442,996.54. This represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William S. Creekmuir sold 3,100 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $81.85, for a total value of $253,735.00. Following the transaction, the director directly owned 29,284 shares in the company, valued at approximately $2,396,895.40. This represents a 9.57% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 28,914 shares of company stock valued at $2,350,392. Company insiders own 11.20% of the company’s stock.

Institutional Trading of Flexsteel Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming purchased a new position in Flexsteel Industries in the 3rd quarter valued at $162,000. Lakewood Asset Management LLC acquired a new position in Flexsteel Industries in the 3rd quarter valued at $379,000. Signaturefd LLC acquired a new position in Flexsteel Industries in the 3rd quarter valued at $25,000. Sowell Financial Services LLC purchased a new position in Flexsteel Industries during the 3rd quarter worth $2,581,000. Finally, Pinnacle Associates Ltd. purchased a new position in Flexsteel Industries during the 3rd quarter worth $299,000. 36.27% of the stock is owned by hedge funds and other institutional investors.

Key Flexsteel Industries News

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

Positive Sentiment: Quarterly results exceeded expectations: Flexsteel reported adjusted earnings of $1.24 per share versus the $1.23 consensus estimate, while revenue of $113.97 million also topped the $112.70 million forecast. The results helped reinforce confidence in the company’s operating performance. Flexsteel Industries Stock Jumps After Q1 Earnings Stir Tariff Questions
Positive Sentiment: Analysts raised forward earnings estimates: Sidoti increased its forecasts across several periods, including FY2027 EPS to $5.40 from $5.29 and FY2028 EPS to $6.25 from $6.05. The revisions suggest expectations for continued earnings growth and provide a fundamental catalyst for FLXS. Flexsteel Industries analyst estimates
Positive Sentiment: Upgraded analyst sentiment: Zacks upgraded Flexsteel to Rank #2, or “Buy,” citing improving earnings prospects. A Freedom broker analyst also said the stock is expected to rise, adding to the bullish near-term view. Flexsteel upgraded to Buy Flexsteel stock price expected to rise
Neutral Sentiment: Technical rebound potential: FLXS had declined 22% over four weeks and was described as oversold. Higher earnings estimates could support a trend reversal, although technical signals alone do not confirm a sustained recovery. Flexsteel trend reversal potential
Negative Sentiment: Tariff and demand concerns remain: The earnings reaction prompted questions about tariffs, which could pressure input costs, margins or consumer demand. Furniture-market conditions therefore remain an important risk despite the earnings beat. What Flexsteel results show about furniture demand

About Flexsteel Industries

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Flexsteel Industries, Inc is a furniture company that designs, manufactures, imports and markets residential furniture. Based in Dubuque, Iowa, the company serves the U.S. home furnishings market through retail furniture stores, national and regional chains, interior designers and online channels.

The company’s product offerings include upholstered seating such as sofas, sectionals, chairs and recliners, along with motion furniture, dining and bedroom furniture, occasional tables and home office products.