Flexsteel Industries (FLXS) Stock Price, News & Analysis

Company Overview

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. The company distributes its products through e-commerce channels and dealer sales force. It also engages in export related activities. Flexsteel Industries, Inc. was founded in 1893 and is based in Dubuque, Iowa.

Key Stats

• Today's Range: $56.70 to $60.69
• 50-Day Range: $39.84 to $60.24
• 52-Week Range: $16.80 to $60.69
• Volume: 48,343 shs
• Average Volume: 31,461 shs
• Market Capitalization: $306.61 million
• P/E Ratio: 23.26
• Dividend Yield: 1.16%
• Price Target: N/A
• Consensus Rating: N/A

Flexsteel Industries Stock Analysis - MarketRank™

Flexsteel Industries scored higher than 78% of companies evaluated by MarketBeat, and ranked 77th out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Flexsteel Industries.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 18.15%

Earnings Growth

Earnings for Flexsteel Industries are expected to grow by 18.15% in the coming year, from $3.25 to $3.84 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Flexsteel Industries is 23.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Flexsteel Industries is 23.26, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 18.88.

Price to Earnings Growth Ratio

Flexsteel Industries has a PEG Ratio of 1.44. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Flexsteel Industries has a P/B Ratio of 2.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.21% of the float of Flexsteel Industries has been sold short.

Short Interest Ratio / Days to Cover

Flexsteel Industries has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Flexsteel Industries has recently decreased by 10.61%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Flexsteel Industries pays a meaningful dividend of 1.21%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Flexsteel Industries does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Flexsteel Industries is 26.88%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Flexsteel Industries will have a dividend payout ratio of 17.71% next year. This indicates that Flexsteel Industries will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.21% of the float of Flexsteel Industries has been sold short.

Short Interest Ratio / Days to Cover

Flexsteel Industries has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Flexsteel Industries has recently decreased by 10.61%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 1.11

News Sentiment

Flexsteel Industries has a news sentiment score of 1.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Flexsteel Industries this week, compared to 2 articles on an average week.

MarketBeat Follows

Only 1 people have added Flexsteel Industries to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Flexsteel Industries insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,340.00 in company stock.

Percentage Held by Insiders

15.60% of the stock of Flexsteel Industries is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 36.27% of the stock of Flexsteel Industries is held by institutions.

FLXS Stock Analysis - Frequently Asked Questions

How have FLXS shares performed this year?

Flexsteel Industries' stock was trading at $18.85 at the beginning of the year. Since then, FLXS shares have increased by 212.2% and is now trading at $58.85.
View the best growth stocks for 2024 here.

How were Flexsteel Industries' earnings last quarter?

Flexsteel Industries, Inc. (NASDAQ:FLXS) issued its quarterly earnings data on Monday, October, 21st. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.12. The firm earned $104.01 million during the quarter, compared to analyst estimates of $101.60 million. Flexsteel Industries had a trailing twelve-month return on equity of 10.09% and a net margin of 3.30%.

Who are Flexsteel Industries' major shareholders?

Top institutional investors of Flexsteel Industries include Geode Capital Management LLC (1.83%), State Street Corp (1.13%), FMR LLC (0.72%) and Marion Wealth Management (0.61%). Insiders that own company stock include Derek P Schmidt, Michael Joseph Mcclaflin, Timothy Patrick Newlin, Jerald K Dittmer, Thomas M Levine, William S Creekmuir and Kathryn P Dickson.
View institutional ownership trends.

How do I buy shares of Flexsteel Industries?

Shares of FLXS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Flexsteel Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Flexsteel Industries investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), Arista Networks (ANET) and ServiceNow (NOW).

Company Calendar

• Ex-Dividend for 10/7 Dividend: 9/25/2024
• Dividend Payable: 10/07/2024
• Last Earnings: 10/21/2024
• Today: 11/20/2024
• Next Earnings (Estimated): 2/03/2025
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Household furniture
• Sub-Industry: Home Furnishings
• Current Symbol: NASDAQ:FLXS
• CUSIP: 33938210
• CIK: 37472
• Web: www.flexsteel.com
• Phone: (563) 556-7730
• Fax: 563-556-8345
• Employees: 1,500
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $2.53
• Trailing P/E Ratio: 23.26
• Forward P/E Ratio: 18.11
• P/E Growth: 1.44
• Net Income: $10.53 million
• Net Margins: 3.30%
• Pretax Margin: 4.78%
• Return on Equity: 10.09%
• Return on Assets: 5.50%

Debt

• Debt-to-Equity Ratio: 0.02
• Current Ratio: 2.84
• Quick Ratio: 1.04

Sales & Book Value

• Annual Sales: $412.75 million
• Price / Sales: 0.74
• Cash Flow: $3.18 per share
• Price / Cash Flow: 18.51
• Book Value: $29.16 per share
• Price / Book: 2.02

Miscellaneous

• Outstanding Shares: 5,210,000
• Free Float: 4,396,000
• Market Cap: $306.61 million
• Optionable: Not Optionable
• Beta: 0.42