Shares of Flexsteel Industries, Inc. (NASDAQ:FLXS - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $50.19 and traded as low as $45.36. Flexsteel Industries shares last traded at $45.36, with a volume of 21,326 shares traded.
Flexsteel Industries Trading Down 1.0 %
The company has a market cap of $237.05 million, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 1.14 and a beta of 0.39. The company has a fifty day moving average price of $51.88 and a two-hundred day moving average price of $50.29.
Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.21. Flexsteel Industries had a net margin of 4.63% and a return on equity of 11.25%. Sell-side analysts anticipate that Flexsteel Industries, Inc. will post 3.53 EPS for the current fiscal year.
Flexsteel Industries Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Saturday, December 28th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Friday, December 27th. Flexsteel Industries's dividend payout ratio is 18.99%.
Institutional Investors Weigh In On Flexsteel Industries
Several large investors have recently modified their holdings of the stock. State of Wyoming acquired a new stake in Flexsteel Industries in the 4th quarter valued at $52,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Flexsteel Industries in the 4th quarter valued at $70,000. SG Americas Securities LLC bought a new stake in shares of Flexsteel Industries in the 4th quarter worth about $106,000. Wells Fargo & Company MN grew its stake in Flexsteel Industries by 29.3% during the fourth quarter. Wells Fargo & Company MN now owns 2,739 shares of the company's stock worth $149,000 after buying an additional 620 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of Flexsteel Industries by 129.0% during the third quarter. MetLife Investment Management LLC now owns 2,746 shares of the company's stock worth $122,000 after buying an additional 1,547 shares in the last quarter. 36.27% of the stock is currently owned by institutional investors.
About Flexsteel Industries
(
Get Free Report)
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.
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