Media coverage about Bassett Furniture Industries, (NASDAQ:BSET) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bassett Furniture Industries, earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.2677116226306 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Bassett Furniture Industries, (NASDAQ:BSET) traded up 1.17% on Wednesday, reaching $39.05. 25,574 shares of the company’s stock traded hands. The firm has a market capitalization of $419.20 million, a price-to-earnings ratio of 22.81 and a beta of 1.12. The company has a 50 day moving average price of $37.13 and a 200 day moving average price of $33.78. Bassett Furniture Industries, has a 52 week low of $22.55 and a 52 week high of $41.30.
Bassett Furniture Industries, (NASDAQ:BSET) last released its quarterly earnings results on Thursday, September 28th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Bassett Furniture Industries, had a net margin of 4.09% and a return on equity of 9.17%. The company had revenue of $114.30 million for the quarter, compared to the consensus estimate of $110.65 million. During the same period in the previous year, the firm earned $0.38 EPS. Bassett Furniture Industries,’s revenue was up 9.2% on a year-over-year basis. On average, equities research analysts predict that Bassett Furniture Industries, will post $1.76 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 10th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.13%. Bassett Furniture Industries,’s payout ratio is currently 25.73%.
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Bassett Furniture Industries, from a “hold” rating to a “strong-buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, July 4th. ValuEngine lowered shares of Bassett Furniture Industries, from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and set a $39.00 target price (up from $36.00) on shares of Bassett Furniture Industries, in a research report on Saturday, September 30th. Finally, BidaskClub lowered shares of Bassett Furniture Industries, from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th.
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In other news, SVP Bruce Cohenour sold 9,900 shares of Bassett Furniture Industries, stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $38.50, for a total value of $381,150.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.40% of the stock is owned by insiders.
About Bassett Furniture Industries,
Bassett Furniture Industries, Incorporated is a manufacturer, importer and retailer of home furnishings. The Company’s segments include Wholesale, Retail – Company-owned stores and Logistical services. Its wholesale home furnishings segment is involved in the design, manufacture, sourcing, sale and distribution of furniture products to a network of Bassett stores (licensee-owned stores and Company-owned stores) and independent furniture retailers.
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