Flexsteel Industries (NASDAQ:FLXS) Upgraded at StockNews.com

StockNews.com upgraded shares of Flexsteel Industries (NASDAQ:FLXSFree Report) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.

Separately, TheStreet raised shares of Flexsteel Industries from a c rating to a b- rating in a research report on Monday, February 5th.

Check Out Our Latest Report on FLXS

Flexsteel Industries Trading Down 0.6 %

NASDAQ FLXS opened at $35.50 on Thursday. The firm has a market capitalization of $183.18 million, a PE ratio of 12.03, a P/E/G ratio of 1.42 and a beta of 0.58. The stock’s 50 day moving average is $36.73 and its 200 day moving average is $28.35. Flexsteel Industries has a twelve month low of $15.67 and a twelve month high of $41.64. The company has a quick ratio of 0.99, a current ratio of 2.79 and a debt-to-equity ratio of 0.10.

Flexsteel Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, March 26th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.69%. Flexsteel Industries’s dividend payout ratio is currently 20.34%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC purchased a new stake in shares of Flexsteel Industries in the first quarter worth $435,000. Heron Bay Capital Management bought a new position in Flexsteel Industries in the 1st quarter worth about $298,000. Weitzel Financial Services Inc. purchased a new stake in Flexsteel Industries during the 1st quarter valued at about $264,000. Hillsdale Investment Management Inc. bought a new stake in Flexsteel Industries during the 1st quarter valued at about $195,000. Finally, Victory Capital Management Inc. purchased a new position in Flexsteel Industries in the fourth quarter worth about $92,000. Hedge funds and other institutional investors own 36.27% of the company’s stock.

Flexsteel Industries Company Profile

(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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