Last Updated: 14 Nov 2024
Executive Summary
Flexsteel Industries Inc. (FLXS) is a leading manufacturer and marketer of wood and upholstered furniture in the United States. The company has a market capitalization of $300.5 million and trades on the NASDAQ exchange. The latest stock price is $56.74.
Company Overview
Flexsteel Industries was founded in 1893 and is headquartered in Dubuque, Iowa. The company designs, manufactures, and markets a wide range of furniture products for the residential and contract markets. Flexsteel's products are sold through a network of independent retailers, furniture stores, and online retailers.
Fundamental Analysis
Flexsteel Industries has a strong financial profile. The company has a trailing P/E ratio of 22.99, a forward P/E ratio of 18.48, and a dividend yield of 0.0113%. The company's profit margin is 0.033%, and its operating margin is 0.0582%. Flexsteel's return on assets is 0.0473%, and its return on equity is 0.094%.
Technical Analysis
Flexsteel Industries' stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 62.14, which indicates that the stock is overbought.
Short Term Outlook
Flexsteel Industries' stock price is expected to continue to trend higher in the short term. The stock is trading above its moving averages and its RSI is overbought. This indicates that there is strong momentum behind the stock.
Long Term Outlook
Flexsteel Industries' long-term outlook is positive. The company has a strong financial profile and a solid track record of growth. The company is also benefiting from the growing demand for furniture in the United States.
Analyst Recommendations
Analysts are bullish on Flexsteel Industries. The consensus analyst rating is "Buy." The average analyst target price is $58.00.
Conclusion
Flexsteel Industries is a well-positioned company with a strong financial profile and a solid track record of growth. The company's stock is expected to continue to perform well in the future.
