Fmr LLC Has $1.66 Million Stock Holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS)

Fmr LLC raised its holdings in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 26.0% during the third quarter, HoldingsChannel reports. The firm owned 37,450 shares of the company’s stock after acquiring an additional 7,723 shares during the quarter. Fmr LLC’s holdings in Flexsteel Industries were worth $1,659,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. American Century Companies Inc. boosted its holdings in shares of 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 purchasing an additional 30,203 shares in the last quarter. Marion Wealth Management boosted its holdings in shares of Flexsteel Industries by 3.6% in the 3rd quarter. Marion Wealth Management now owns 31,660 shares of the company’s stock valued at $1,402,000 after purchasing an additional 1,101 shares in the last quarter. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Flexsteel Industries in the 2nd quarter valued at $843,000. Empowered Funds LLC boosted 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 valued at $977,000 after acquiring an additional 1,072 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Flexsteel Industries during the 2nd quarter valued at $425,000. Institutional investors and hedge funds own 36.27% of the company’s stock.

Wall Street Analyst Weigh In

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

Flexsteel Industries Trading Up 3.3 %

NASDAQ FLXS opened at $64.48 on Monday. The company has a quick ratio of 1.04, a current ratio of 2.84 and a debt-to-equity ratio of 0.02. Flexsteel Industries, Inc. has a twelve month low of $17.00 and a twelve month high of $65.43. The company has a market cap of $335.94 million, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 1.57 and a beta of 0.40. The business’s fifty day moving average is $55.38 and its 200 day moving average is $43.52.

Flexsteel Industries (NASDAQ:FLXS) last released its quarterly earnings data on Monday, October 21st. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.12. Flexsteel Industries had a return on equity of 10.09% and a net margin of 3.30%. The company had revenue of $104.01 million for the quarter, compared to the consensus estimate of $101.60 million. During the same quarter last year, the business posted $0.14 EPS. As a group, sell-side analysts expect that Flexsteel Industries, Inc. will post 3.25 EPS for the current fiscal year.

Flexsteel Industries Company 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.