Flexsteel Industries (NASDAQ:FLXS) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Wednesday, January 31st.
Shares of Flexsteel Industries (NASDAQ:FLXS) opened at $39.76 on Wednesday. Flexsteel Industries has a one year low of $37.53 and a one year high of $57.79. The firm has a market cap of $312.21, a PE ratio of 12.12 and a beta of 1.86.
Flexsteel Industries (NASDAQ:FLXS) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.62 earnings per share for the quarter. Flexsteel Industries had a net margin of 5.34% and a return on equity of 10.17%. The business had revenue of $129.39 million for the quarter.
Large investors have recently added to or reduced their stakes in the stock. Brandywine Global Investment Management LLC acquired a new position in Flexsteel Industries during the fourth quarter worth about $141,000. MetLife Investment Advisors LLC acquired a new position in Flexsteel Industries during the fourth quarter worth about $141,000. Advisor Group Inc. grew its holdings in Flexsteel Industries by 1,119.1% during the third quarter. Advisor Group Inc. now owns 4,023 shares of the company’s stock worth $204,000 after acquiring an additional 3,693 shares during the period. Jefferies Group LLC acquired a new position in Flexsteel Industries during the fourth quarter worth about $211,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Flexsteel Industries by 22.6% during the second quarter. The Manufacturers Life Insurance Company now owns 6,519 shares of the company’s stock worth $352,000 after acquiring an additional 1,201 shares during the period. 65.26% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: This news story was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://stocknewstimes.com/2018/02/19/flexsteel-industries-flxs-rating-lowered-to-strong-sell-at-bidaskclub.html.
Flexsteel Industries Company Profile
Flexsteel Industries, Inc is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. The Company offers its products for contract under categories, such as hospitality, healthcare, senior living, government and commercial office.
Receive News & Ratings for Flexsteel Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flexsteel Industries and related companies with MarketBeat.com's FREE daily email newsletter.