Flexsteel Industries, Inc. (NASDAQ:FLXS – Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $50.62 and traded as low as $38.39. Flexsteel Industries shares last traded at $38.60, with a volume of 10,707 shares changing hands.
Flexsteel Industries Stock Down 0.5 %
The firm has a market cap of $203.38 million, a P/E ratio of 10.78, a PEG ratio of 1.14 and a beta of 0.31. The stock’s 50-day simple moving average is $48.41 and its 200 day simple moving average is $50.62.
Flexsteel Industries (NASDAQ:FLXS – Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.21. Flexsteel Industries had a net margin of 4.63% and a return on equity of 11.25%. On average, research analysts forecast that Flexsteel Industries, Inc. will post 3.53 earnings per share for the current fiscal year.
Flexsteel Industries Announces Dividend
Hedge Funds Weigh In On Flexsteel Industries
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its position in shares of Flexsteel Industries by 15.8% during the 4th quarter. Renaissance Technologies LLC now owns 161,300 shares of the company’s stock worth $8,765,000 after purchasing an additional 22,000 shares in the last quarter. American Century Companies Inc. lifted its position in Flexsteel Industries by 33.2% in the 4th quarter. American Century Companies Inc. now owns 98,202 shares of the company’s stock valued at $5,336,000 after acquiring an additional 24,492 shares in the last quarter. Geode Capital Management LLC lifted its position in Flexsteel Industries by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 95,508 shares of the company’s stock valued at $5,191,000 after acquiring an additional 253 shares in the last quarter. State Street Corp lifted its position in Flexsteel Industries by 17.9% in the 3rd 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. Finally, Northern Trust Corp lifted its position in Flexsteel Industries by 7.2% in the 4th quarter. Northern Trust Corp now owns 54,064 shares of the company’s stock valued at $2,938,000 after acquiring an additional 3,629 shares in the last quarter. Institutional investors own 36.27% of the company’s stock.
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.
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