Noteworthy Price Action: Could Flexsteel Industries, Inc. Lose its Strength? The Stock Reaches All-Time High

Noteworthy Price Action: Could Flexsteel Industries, Inc. Lose its Strength? The Stock Reaches All Time High

The stock of Flexsteel Industries, Inc. (NASDAQ:FLXS) reached all time high today, Nov, 25 and still has $60.28 target or 9.00% above today’s $55.30 share price. This indicates more upside for the $433.37 million company. This technical setup was reported by Barchart.com. If the $60.28 PT is reached, the company will be worth $39.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 2.26% or $1.22 during the last trading session, hitting $55.3. About 21,034 shares traded hands. Flexsteel Industries, Inc. (NASDAQ:FLXS) has risen 33.10% since April 22, 2016 and is uptrending. It has outperformed by 27.69% the S&P500.

Analysts await Flexsteel Industries, Inc. (NASDAQ:FLXS) to report earnings on February, 2.

According to Zacks Investment Research, “Flexsteel Industries Inc. is engaged in the design, manufacture and sale of a broad line of quality upholstered furniture for residential, commercial, and recreational vehicle seating use. Flexsteel primarily distributes its products throughout most of the United States through their sales force to furniture dealers, department stores, recreational vehicle manufacturers and van converters, and hospitality and healthcare facilities. The products are also sold to several national chains, some of which sell on a private label basis.”

Insitutional Activity: The institutional sentiment increased to 2.26 in 2016 Q2. Its up 0.74, from 1.52 in 2016Q1. The ratio is positive, as 7 funds sold all Flexsteel Industries, Inc. shares owned while 20 reduced positions. 12 funds bought stakes while 29 increased positions. They now own 4.66 million shares or 1.65% more from 4.59 million shares in 2016Q1.
Tower Research Limited Company (Trc) has invested 0% of its portfolio in Flexsteel Industries, Inc. (NASDAQ:FLXS). Moreover, Schwab Charles Inc has 0% invested in Flexsteel Industries, Inc. (NASDAQ:FLXS) for 12,000 shares. Bahl Gaynor Inc owns 25,330 shares or 0.01% of their US portfolio. Aqr Cap Mngmt Ltd holds 0% or 16,978 shares in its portfolio. Blackrock Fund Advsr owns 166,381 shares or 0% of their US portfolio. Vanguard last reported 236,681 shares in the company. Rhumbline Advisers last reported 0% of its portfolio in the stock. Acadian Asset Mgmt Ltd Liability Co holds 83,890 shares or 0.02% of its portfolio. National Bank Of Ny Mellon last reported 0% of its portfolio in the stock. The California-based Franklin Resources has invested 0% in Flexsteel Industries, Inc. (NASDAQ:FLXS). Jnba Fincl Advsr accumulated 0% or 96 shares. Earnest Prtnrs has 1,100 shares for 0% of their US portfolio. Us Bankshares De accumulated 330 shares or 0% of the stock. Cornerstone Capital Mngmt Holdg Ltd Company holds 33,789 shares or 0.01% of its portfolio. Wells Fargo Mn holds 34,913 shares or 0% of its portfolio.

Insider Transactions: Since June 9, 2016, the stock had 0 buys, and 5 selling transactions for $2.13 million net activity. BERTSCH JEFFREY T sold $1.12M worth of stock or 25,657 shares. Bizzis Julia K also sold $351,158 worth of Flexsteel Industries, Inc. (NASDAQ:FLXS) shares. Uridil Nancy E also sold $67,954 worth of Flexsteel Industries, Inc. (NASDAQ:FLXS) shares.

Another recent and important Flexsteel Industries, Inc. (NASDAQ:FLXS) news was published by Quotes.Wsj.com which published an article titled: “News Flexsteel Industries Inc.FLXS” on February 11, 2011.

FLXS Company Profile

Flexsteel Industries, Inc., incorporated on December 27, 1929, is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. The Firm distributes its products throughout the United States through its sales force and various independent representatives. The Firm operates manufacturing facilities that are located in Arkansas, California, Georgia, Iowa, Mississippi and Juarez, Mexico.

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