8,000 Flexsteel Industries, Inc. $FLXS Shares Sold by North Star Investment Management Corp.

North Star Investment Management Corp. trimmed its stake in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 22.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 28,400 shares of the company’s stock after selling 8,000 shares during the period. North Star Investment Management Corp.’s holdings in Flexsteel Industries were worth $2,404,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Lakewood Asset Management LLC purchased a new position in shares of Flexsteel Industries during the 3rd quarter worth approximately $379,000. Signaturefd LLC acquired a new position in Flexsteel Industries during the third quarter worth $25,000. Sowell Financial Services LLC acquired a new position in Flexsteel Industries during the third quarter worth $2,581,000. Pinnacle Associates Ltd. purchased a new position in shares of Flexsteel Industries during the third quarter worth $299,000. Finally, IFP Advisors Inc boosted its position in shares of Flexsteel Industries by 18.9% during the third quarter. IFP Advisors Inc now owns 3,629 shares of the company’s stock worth $307,000 after buying an additional 577 shares during the period. 36.27% of the stock is currently owned by institutional investors and hedge funds.

More Flexsteel Industries News

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

• Positive Sentiment: Quarterly results modestly exceeded expectations. Flexsteel reported fiscal Q1 earnings of $1.24 per share, versus the $1.23 consensus estimate, while revenue reached $113.97 million compared with expectations of $112.70 million. The results support the view that demand for the company’s furniture remains resilient. Flexsteel Industries Fiscal Q1 Earnings Fall, Revenue Rise; Guides for Fiscal Q2
• Positive Sentiment: Analyst estimates moved higher. Sidoti raised its fiscal 2027 EPS forecast to $5.40 from $5.29 and its fiscal 2028 forecast to $6.25 from $6.05, with increases across several quarterly estimates. The revisions signal improving expectations for Flexsteel’s earnings trajectory. Flexsteel Industries analyst estimate revisions
• Positive Sentiment: Zacks upgraded Flexsteel to Rank #2, or “Buy.” The upgrade reflects improving earnings-estimate trends and could attract additional near-term investor interest. Flexsteel Upgraded to Buy
• Positive Sentiment: Freedom Broker raised its price target to $86 from $80. Although the firm maintained a “hold” rating, the higher target indicates more perceived value following the earnings update.
• Neutral Sentiment: Management’s outlook included both growth and pressure. The earnings call highlighted continued operating progress, but investors are focused on tariff-related costs and their potential effect on gross margins and future profitability. Flexsteel Industries Earnings Call Highlights Growth Amid Pressure
• Neutral Sentiment: Technical conditions may also be supporting the rebound: after a sharp four-week decline, FLXS was described as oversold, while upward earnings revisions suggest a possible trend reversal. Flexsteel Trend Reversal Analysis

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FLXS shares. Freedom Capital cut Flexsteel Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Zacks Research raised Flexsteel Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. Weiss Ratings upgraded Flexsteel Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, Freedom Broker lifted their target price on Flexsteel Industries from $80.00 to $86.00 and gave the company a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Insiders Place Their Bets

In other Flexsteel Industries news, insider Michael McClaflin sold 2,500 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $79.57, for a total value of $198,925.00. Following the sale, the insider directly owned 36,026 shares in the company, valued at $2,866,588.82. This trade represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stacy Kammes sold 2,750 shares of Flexsteel Industries stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $82.66, for a total value of $227,315.00. Following the sale, the vice president directly owned 33,306 shares of the company’s stock, valued at $2,753,073.96. This trade represents a 7.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 28,914 shares of company stock worth $2,350,392. 11.20% of the stock is owned by corporate insiders.

Flexsteel Industries Price Performance

FLXS stock opened at $73.96 on Thursday. The business’s 50-day moving average is $83.15 and its two-hundred day moving average is $63.35. The firm has a market capitalization of $396.13 million, a P/E ratio of 12.05, a P/E/G ratio of 1.33 and a beta of 0.51. Flexsteel Industries, Inc. has a 1 year low of $34.00 and a 1 year high of $90.64.

Flexsteel Industries (NASDAQ:FLXS) last announced its quarterly earnings data on Monday, October 26th. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.01. Flexsteel Industries had a net margin of 7.21% and a return on equity of 16.11%. The company had revenue of $113.97 million for the quarter, compared to the consensus estimate of $112.70 million. On average, analysts expect that Flexsteel Industries, Inc. will post 5.29 EPS for the current year.

Flexsteel Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 12th. Investors of record on Wednesday, September 30th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, September 30th. Flexsteel Industries’s dividend payout ratio is 16.29%.

Flexsteel Industries Company Profile

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.