Flexsteel Industries (FLXS) Sets New 12-Month Low at $28.51

Flexsteel Industries, Inc. (NASDAQ:FLXS)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $28.51 and last traded at $28.68, with a volume of 353 shares. The stock had previously closed at $28.80.

Separately, BidaskClub upgraded Flexsteel Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, June 26th.

The stock has a market capitalization of $221.13 million, a PE ratio of 12.43 and a beta of 1.78.

Flexsteel Industries (NASDAQ:FLXS) last issued its quarterly earnings data on Thursday, August 23rd. The company reported $0.28 earnings per share (EPS) for the quarter. Flexsteel Industries had a return on equity of 7.48% and a net margin of 4.15%. The company had revenue of $113.09 million during the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 8th. Stockholders of record on Friday, September 21st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, September 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.11%.

Several institutional investors and hedge funds have recently modified their holdings of the company. North Star Investment Management Corp. raised its position in shares of Flexsteel Industries by 25.8% during the third quarter. North Star Investment Management Corp. now owns 108,175 shares of the company’s stock worth $3,217,000 after acquiring an additional 22,204 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Flexsteel Industries by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 65,457 shares of the company’s stock worth $2,612,000 after acquiring an additional 1,552 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Flexsteel Industries by 9.5% during the second quarter. California Public Employees Retirement System now owns 17,198 shares of the company’s stock worth $686,000 after acquiring an additional 1,498 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Flexsteel Industries by 3.7% during the second quarter. Renaissance Technologies LLC now owns 91,400 shares of the company’s stock worth $3,647,000 after acquiring an additional 3,300 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of Flexsteel Industries by 3.1% during the second quarter. BlackRock Inc. now owns 492,768 shares of the company’s stock worth $19,661,000 after acquiring an additional 14,703 shares during the last quarter. Institutional investors own 63.71% of the company’s stock.

Flexsteel Industries Company Profile (NASDAQ:FLXS)

Flexsteel Industries, Inc, together with its subsidiaries, manufactures, imports, and markets residential and contract upholstered and wood furniture products in the United States. It offers its products for use in home, hotel, healthcare, recreational vehicle, marine, and office applications. The company distributes its products through its sales force and independent representatives.

Further Reading: Rule of 72

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