Flexsteel Industries (FLXS) Lowered to Sell at BidaskClub
Flexsteel Industries (NASDAQ:FLXS) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.
Shares of Flexsteel Industries (NASDAQ FLXS) opened at $47.76 on Friday. The company has a market capitalization of $374.69, a price-to-earnings ratio of 15.02 and a beta of 2.04. Flexsteel Industries has a twelve month low of $43.25 and a twelve month high of $57.79.
Flexsteel Industries (NASDAQ:FLXS) last released its quarterly earnings data on Thursday, October 19th. The company reported $0.64 EPS for the quarter. Flexsteel Industries had a return on equity of 10.60% and a net margin of 5.29%.
A number of hedge funds and other institutional investors have recently made changes to their positions in FLXS. Vanguard Group Inc. increased its holdings in Flexsteel Industries by 6.3% in the 2nd quarter. Vanguard Group Inc. now owns 297,889 shares of the company’s stock valued at $16,119,000 after purchasing an additional 17,537 shares in the last quarter. Thomson Horstmann & Bryant Inc. increased its holdings in Flexsteel Industries by 9.6% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 190,673 shares of the company’s stock valued at $8,919,000 after purchasing an additional 16,753 shares in the last quarter. Northern Trust Corp increased its holdings in Flexsteel Industries by 19.8% in the 2nd quarter. Northern Trust Corp now owns 101,029 shares of the company’s stock valued at $5,467,000 after purchasing an additional 16,690 shares in the last quarter. RKL Wealth Management LLC acquired a new stake in Flexsteel Industries in the 2nd quarter valued at $666,000. Finally, SG Americas Securities LLC acquired a new stake in Flexsteel Industries in the 3rd quarter valued at $459,000. Hedge funds and other institutional investors own 65.82% of the company’s stock.
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Flexsteel Industries Company Profile
Flexsteel Industries, Inc is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. The Company offers its products for contract under categories, such as hospitality, healthcare, senior living, government and commercial office.
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