Barclays PLC Buys 1,061 Shares of Flexsteel Industries, Inc. (NASDAQ:FLXS)

Barclays PLC lifted its position in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 20.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,147 shares of the company’s stock after purchasing an additional 1,061 shares during the period. Barclays PLC owned 0.12% of Flexsteel Industries worth $273,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of Flexsteel Industries by 185.1% in the 2nd quarter. American Century Companies Inc. now owns 46,521 shares of the company’s stock worth $1,445,000 after buying an additional 30,203 shares during the period. Jane Street Group LLC purchased a new position in shares of Flexsteel Industries during the third quarter valued at $228,000. State Street Corp raised its holdings in shares of Flexsteel Industries by 17.9% in the third quarter. State Street Corp now owns 58,687 shares of the company’s stock valued at $2,609,000 after acquiring an additional 8,917 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Flexsteel Industries in the third quarter worth about $221,000. Finally, Bank of New York Mellon Corp bought a new position in Flexsteel Industries during the 2nd quarter worth about $425,000. Institutional investors own 36.27% of the company’s stock.

Flexsteel Industries Trading Down 0.6 %

NASDAQ FLXS opened at $50.64 on Tuesday. The company’s 50-day simple moving average is $56.72 and its two-hundred day simple moving average is $47.44. Flexsteel Industries, Inc. has a one year low of $25.10 and a one year high of $65.87. The company has a market capitalization of $263.73 million, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 1.24 and a beta of 0.41. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.04 and a current ratio of 2.84.

Flexsteel Industries (NASDAQ:FLXS) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.12. The company had revenue of $104.01 million during the quarter, compared to the consensus estimate of $101.60 million. Flexsteel Industries had a net margin of 3.30% and a return on equity of 10.09%. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Equities analysts forecast that Flexsteel Industries, Inc. will post 3.25 EPS for the current fiscal year.

Flexsteel Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Saturday, December 28th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, December 27th. Flexsteel Industries’s payout ratio is 26.88%.

About Flexsteel Industries

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.