Headlines about Bassett Furniture Industries, (NASDAQ:BSET) have been trending somewhat positive on Friday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bassett Furniture Industries, earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news articles 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 term.
Shares of Bassett Furniture Industries, (NASDAQ BSET) remained flat at $39.55 during mid-day trading on Friday. The company’s stock had a trading volume of 16,706 shares. The stock has a 50 day moving average price of $37.90 and a 200 day moving average price of $34.44. Bassett Furniture Industries, has a one year low of $22.55 and a one year high of $41.30. The company has a market capitalization of $424.57 million, a P/E ratio of 23.10 and a beta of 1.12.
Bassett Furniture Industries, (NASDAQ:BSET) last released its earnings results on Thursday, September 28th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. Bassett Furniture Industries, had a return on equity of 9.17% and a net margin of 4.09%. The business had revenue of $114.30 million during the quarter, compared to analysts’ expectations of $110.65 million. During the same quarter last year, the firm posted $0.38 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. On average, equities research analysts expect that Bassett Furniture Industries, will post $1.76 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be issued a $0.11 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.11%. Bassett Furniture Industries,’s dividend payout ratio is presently 25.73%.
A number of equities research analysts have recently commented on BSET shares. 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 for the company in a report on Tuesday, July 4th. BidaskClub downgraded shares of Bassett Furniture Industries, from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. ValuEngine downgraded shares of Bassett Furniture Industries, from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $39.00 price objective (up from $36.00) on shares of Bassett Furniture Industries, in a research note on Saturday, September 30th.
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In related news, SVP Bruce Cohenour sold 9,900 shares of Bassett Furniture Industries, stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $38.50, for a total transaction of $381,150.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John E. Bassett III sold 2,000 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $40.25, for a total value of $80,500.00. The disclosure for this sale can be found here. Insiders sold 12,500 shares of company stock worth $485,236 in the last 90 days. Corporate insiders own 6.40% of the company’s stock.
Bassett Furniture Industries, Company Profile
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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