Chief Information Officer Michael Mcclaflin sold 5,051 shares of Flexsteel Industries Inc (FLXS, Financial) on November 4, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 29,485 shares of the company.
Flexsteel Industries Inc is a manufacturer, importer, and online marketer of residential furniture products in the United States. The company offers a wide range of furniture products, including sofas, recliners, chairs, tables, and bedroom furniture, catering to various customer tastes and preferences.
Over the past year, Michael Mcclaflin has sold a total of 5,141 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend observed within the company, where there have been 2 insider sells and no insider buys over the past year.
Shares of Flexsteel Industries Inc were trading at $57.6 on the day of the transaction. The company has a market cap of approximately $312.484 million. The price-earnings ratio of the company stands at 23.72, which is above both the industry median of 19.79 and the company's historical median.
According to the GF Value, the intrinsic value estimate for Flexsteel Industries Inc, based on historical trading multiples, an adjustment factor from past returns and growth, and future business performance estimates, is $20.39. With the current price of $57.6, the stock has a price-to-GF-Value ratio of 2.82, indicating that it is significantly overvalued.
This sale by the insider might be of interest to current and potential investors, as it provides insight into the insider's perspective on the stock's valuation relative to its current market price.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
