Flexsteel Industries Stock Today
| FLXS Stock | USD 38.48 0.49 1.29% |
Performance19 of 100
| Odds Of DistressLess than 6
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Flexsteel Industries is selling for under 38.48 as of the 16th of April 2024; that is 1.29 percent increase since the beginning of the trading day. The stock's lowest day price was 37.4. Flexsteel Industries has only a 6 % chance of going through financial distress over the next few years and had a solid performance during the last 90 days. Equity ratings for Flexsteel Industries are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of March 2024 and ending today, the 16th of April 2024. Click here to learn more.
Business Domain Consumer Durables & Apparel | IPO Date 25th of February 1992 | Category Consumer Cyclical | Classification Consumer Discretionary |
Flexsteel Industries, Inc., together with its subsidiaries, operates as a manufacturer, importer, and online marketer of upholstered furniture for residential and contract markets in the United States. Flexsteel Industries, Inc. was founded in 1893 and is based in Dubuque, Iowa. The company has 5.15 M outstanding shares of which 23.05 K shares are currently shorted by private and institutional investors with about 0.8 trading days to cover. More on Flexsteel Industries
Moving together with Flexsteel Stock
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| 0.81 | ETD | Ethan Allen Interiors Report 24th of April 2024 | PairCorr |
| 0.65 | HBB | Hamilton Beach Brands | PairCorr |
Moving against Flexsteel Stock
| 0.82 | VIOT | Viomi Technology ADR | PairCorr |
| 0.52 | FGI | FGI Industries Financial Report 8th of May 2024 | PairCorr |
| 0.52 | BSET | Bassett Furniture Financial Report 4th of July 2024 | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
Financial Report 6th of May 2024
Flexsteel Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Flexsteel Industries' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Flexsteel Industries or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Donald Dreher | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Consumer Goods (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Household Durables, Furnishings, Fixtures & Appliances, Consumer Discretionary, NASDAQ Composite, NASDAQ Composite Total, Consumer Goods, Consumer Discretionary, Household Durables, Furnishings, Fixtures & Appliances, Consumer Cyclical (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Flexsteel Industries report their recommendations after researching Flexsteel Industries' financial statements, talking to executives and customers, or listening in on Flexsteel Industries' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Flexsteel Industries. The Flexsteel consensus assessment is calculated by taking the average forecast from all of the analysts covering Flexsteel Industries. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Flexsteel Industries' liquidity, profitability, solvency, and operating efficiency, Flexsteel Industries may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Flexsteel Industries is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Flexsteel Industries' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Flexsteel Industries' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Flexsteel Industries' financial leverage. It provides some insight into what part of Flexsteel Industries' total assets is financed by creditors.
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Flexsteel Industries (FLXS) is traded on NASDAQ Exchange in USA. It is located in 385 Bell Street, Dubuque, IA, United States, 52001-0877 and employs 1,700 people. Flexsteel Industries is listed under Household Durables category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 198.18 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Flexsteel Industries's market, we take the total number of its shares issued and multiply it by Flexsteel Industries's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Flexsteel Industries conducts business under Household Durables sector and is part of Consumer Discretionary industry. The entity has 5.15 M outstanding shares of which 23.05 K shares are currently shorted by private and institutional investors with about 0.8 trading days to cover.
Flexsteel Industries currently holds about 3.97 M in cash with 22.99 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.75.
Check Flexsteel Industries Probability Of Bankruptcy
Ownership AllocationFlexsteel Industries retains a total of 5.15 Million outstanding shares. Flexsteel Industries retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Flexsteel Ownership Details
Flexsteel Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Flexsteel Industries jumping above the current price in 90 days from now is about 13.2%. The Flexsteel Industries probability density function shows the probability of Flexsteel Industries stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Flexsteel Industries has a beta of 0.4914. This usually indicates as returns on the market go up, Flexsteel Industries average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Flexsteel Industries will be expected to be much smaller as well. Moreover, flexsteel Industries has an alpha of 1.195, implying that it can generate a 1.2 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Flexsteel Industries to move above the current price in 90 days from now is about 13.2 (This Flexsteel Industries probability density function shows the probability of Flexsteel Stock to fall within a particular range of prices over 90 days) .
Flexsteel Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Flexsteel Industries that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Flexsteel Industries' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Flexsteel Industries' value.| Instituion | Recorded On | Shares | |
| Marion Wealth Management | 2023-12-31 | 27.9 K | |
| Northern Trust Corp | 2023-12-31 | 24.4 K | |
| Empowered Funds, Llc | 2023-12-31 | 18.1 K | |
| U.s. Bancorp | 2023-12-31 | 16 K | |
| State Street Corporation | 2023-12-31 | 14.3 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 13.9 K | |
| Royal Bank Of Canada | 2023-12-31 | 13.4 K | |
| T. Rowe Price Associates, Inc. | 2023-12-31 | 12.6 K | |
| Jacobs Levy Equity Management, Inc. | 2023-09-30 | 12.4 K | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 403.4 K | |
| Vanguard Group Inc | 2023-12-31 | 206.5 K |
Flexsteel Industries Historical Income Statement
Flexsteel Industries Income Statement is one of the three primary financial statements used for reporting Flexsteel's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Flexsteel Industries revenue and expense. Flexsteel Industries Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Flexsteel Industries' Research Development is comparatively stable compared to the past year. Reconciled Depreciation is likely to gain to about 5.3 M in 2024, whereas Total Revenue is likely to drop slightly above 351.5 M in 2024. View More FundamentalsFlexsteel Stock Against Markets
Picking the right benchmark for Flexsteel Industries stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Flexsteel Industries stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Flexsteel Industries is critical whether you are bullish or bearish towards Flexsteel Industries at a given time. Please also check how Flexsteel Industries' historical prices are related to one of the top price index indicators.
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Flexsteel Industries Corporate Directors
Flexsteel Industries corporate directors refer to members of a Flexsteel Industries board of directors. The board of directors generally takes responsibility for the Flexsteel Industries' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Flexsteel Industries' board members must vote for the resolution. The Flexsteel Industries board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Nancy Uridil | Independent Director | Profile | |
| Thomas Levine | Independent Director | Profile | |
| Robert Deignan | Independent Director | Profile | |
| James Richardson | Sr. VP of Sales and Marketing and Director | Profile |
How to buy Flexsteel Stock?
Before investing in Flexsteel Industries, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Flexsteel Industries. To buy Flexsteel Industries stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Flexsteel Industries. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Flexsteel Industries stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Flexsteel Industries stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Flexsteel Industries stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Flexsteel Industries, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Flexsteel Stock please use our How to Invest in Flexsteel Industries guide.
Already Invested in Flexsteel Industries?
The danger of trading Flexsteel Industries is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Flexsteel Industries is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Flexsteel Industries. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Flexsteel Industries is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Flexsteel Industries is a strong investment it is important to analyze Flexsteel Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Flexsteel Industries' future performance. For an informed investment choice regarding Flexsteel Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flexsteel Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Flexsteel Stock please use our How to Invest in Flexsteel Industries guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Flexsteel Stock analysis
When running Flexsteel Industries' price analysis, check to measure Flexsteel Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Flexsteel Industries is operating at the current time. Most of Flexsteel Industries' value examination focuses on studying past and present price action to predict the probability of Flexsteel Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Flexsteel Industries' price. Additionally, you may evaluate how the addition of Flexsteel Industries to your portfolios can decrease your overall portfolio volatility.
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Is Flexsteel Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Flexsteel Industries. If investors know Flexsteel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Flexsteel Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.075 | Dividend Share 0.6 | Earnings Share 2.87 | Revenue Per Share 77.229 | Return On Assets 0.0301 |
The market value of Flexsteel Industries is measured differently than its book value, which is the value of Flexsteel that is recorded on the company's balance sheet. Investors also form their own opinion of Flexsteel Industries' value that differs from its market value or its book value, called intrinsic value, which is Flexsteel Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Flexsteel Industries' market value can be influenced by many factors that don't directly affect Flexsteel Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Flexsteel Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Flexsteel Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flexsteel Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.