Flexsteel Industries, Inc. (NASDAQ:FLXS) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 84.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,531 shares of the company’s stock after acquiring an additional 4,373 shares during the period. BNP Paribas Financial Markets’ holdings in Flexsteel Industries were worth $422,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. American Century Companies Inc. raised its holdings in Flexsteel Industries by 185.1% in the 2nd quarter. American Century Companies Inc. now owns 46,521 shares of the company’s stock valued at $1,445,000 after acquiring an additional 30,203 shares during the last quarter. FMR LLC increased its holdings in shares of Flexsteel Industries by 26.0% during the 3rd quarter. FMR LLC now owns 37,450 shares of the company’s stock worth $1,659,000 after buying an additional 7,723 shares during the last quarter. Marion Wealth Management increased its holdings in shares of Flexsteel Industries by 3.6% during the 3rd quarter. Marion Wealth Management now owns 31,660 shares of the company’s stock worth $1,402,000 after buying an additional 1,101 shares during the last quarter. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Flexsteel Industries during the 2nd quarter worth $843,000. Finally, Empowered Funds LLC increased its holdings in shares of Flexsteel Industries by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 22,048 shares of the company’s stock worth $977,000 after buying an additional 1,072 shares during the last quarter. 36.27% of the stock is currently owned by institutional investors and hedge funds.

Flexsteel Industries Trading Up 3.3 %

FLXS stock opened at $64.48 on Friday. The company has a market cap of $335.94 million, a price-to-earnings ratio of 25.49, a PEG ratio of 1.57 and a beta of 0.40. The company has a quick ratio of 1.04, a current ratio of 2.84 and a debt-to-equity ratio of 0.02. The business has a fifty day simple moving average of $55.38 and a 200-day simple moving average of $43.46. Flexsteel Industries, Inc. has a 52 week low of $17.00 and a 52 week high of $65.43.

Flexsteel Industries (NASDAQ:FLXS) last released its quarterly earnings data on Monday, October 21st. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.12. The business had revenue of $104.01 million during the quarter, compared to the consensus estimate of $101.60 million. Flexsteel Industries had a return on equity of 10.09% and a net margin of 3.30%. During the same period in the prior year, the firm posted $0.14 EPS. On average, equities research analysts expect that Flexsteel Industries, Inc. will post 3.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Flexsteel Industries from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st.

Flexsteel Industries Profile

Flexsteel Industries, Inc, together with its subsidiaries, operates as a manufacturer, importer, and markets of upholstered furniture for residential and contract markets in the United States. It provides upholstered furniture, such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture.