Flexsteel hits target with $93.14 million net sales in second quarter 2023
7 February, 2023
DUBUQUE, Iowa — Flexsteel Inds. reported second quarter 2023 (ending Dec. 31, 2022) revenues of $93.14 million besting analyst estimates of $89.53 million but still coming in at a a decrease of 34.3% from $141.7 million in the prior-year quarter.
The company’s earnings per share was 8 cents per share, 5 cents better than analyst estimates.
Jerry Dittmer, president and CEO, said, “While many furniture manufacturers are scaling back investments and resources in response to uncertain business conditions across the industry, we are making judicious investments to support our long-term strategic growth plans.”
Great West Life Assurance Co. Can Increases Stock Holdings in Steelcase Inc. (NYSE:SCS)
7 February, 2023
Great West Life Assurance Co. Can raised its holdings in shares of Steelcase Inc. (NYSE:SCS) by 68.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,016 shares of the business services provider’s stock after buying an additional 7,345 shares during the period. Great West Life Assurance Co. Can’s holdings in Steelcase were worth $117,000 at the end of the most recent reporting period.
HNI Co. (NYSE:HNI) Shares Sold by Yousif Capital Management LLC
7 February, 2023
Yousif Capital Management LLC decreased its position in HNI Co. (NYSE:HNI) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,444 shares of the business services provider’s stock after selling 1,237 shares during the quarter. Yousif Capital Management LLC owned 0.08% of HNI worth $887,000 at the end of the most recent quarter.
Flexsteel earnings beat by $0.05, revenue topped estimates
6 February, 2023
Investing.com – Flexsteel (NASDAQ: FLXS) reported second quarter EPS of $0.08, $0.05 better than the analyst estimate of $0.03. Revenue for the quarter came in at $93.14M versus the consensus estimate of $89.53M.
Flexsteel’s stock price closed at $19.10. It is up 27.33% in the last 3 months and down -15.78% in the last 12 months.
Wellington Management Group Llp Cuts Stake in La-Z-Boy (LZB)
6 February, 2023
Fintel reports that Wellington Management Group Llp has filed a 13G/A form with the SEC disclosing ownership of 0.02MM shares of La-Z-Boy Incorporated (LZB). This represents 0.05% of the company.
In their previous filing dated February 4, 2022 they reported 2.59MM shares and 5.89% of the company, a decrease in shares of 99.13% and a decrease in total ownership of 5.84% (calculated as current – previous percent ownership).
Flexsteel Industries (FLXS) Surpasses Q2 Earnings and Revenue Estimates
6 February, 2023
Flexsteel Industries (FLXS) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $1.05 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 700%. A quarter ago, it was expected that this furniture maker would post a loss of $0.25 per share when it actually produced earnings of $0.09, delivering a surprise of 136%.
Steelcase (NYSE:SCS) Sees Unusually-High Trading Volume
5 February, 2023
Steelcase Inc. (NYSE:SCS) shares saw unusually-strong trading volume on Friday . Approximately 980,639 shares changed hands during mid-day trading, an increase of 81% from the previous session’s volume of 543,228 shares.The stock last traded at $7.96 and had previously closed at $7.78.
BlackRock Cuts Stake in Steelcase (SCS)
3 February, 2023
Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 7.44MM shares of Steelcase Inc. (SCS). This represents 8.0% of the company.
In their previous filing dated February 1, 2022 they reported 7.65MM shares and 8.80% of the company, a decrease in shares of 2.84% and a decrease in total ownership of 0.80% (calculated as current – previous percent ownership).
La-Z-Boy Incorporated (NYSE:LZB) Shares Sold by Quantbot Technologies LP
3 February, 2023
Quantbot Technologies LP lowered its position in shares of La-Z-Boy Incorporated (NYSE:LZB) by 44.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,589 shares of the company’s stock after selling 13,037 shares during the period. Quantbot Technologies LP’s holdings in La-Z-Boy were worth $374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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