Analysts Expect Bassett Furniture Industries, Incorporated (BSET) to Announce $0.52 EPS

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) has been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Analysts have set a 1 year consensus target price of $39.00 for the company and are forecasting that the company will post $0.52 earnings per share for the current quarter, according to Zacks. Zacks has also given Bassett Furniture Industries, an industry rank of 189 out of 265 based on the ratings given to its competitors.

BSET has been the topic of several recent analyst reports. ValuEngine upgraded shares of Bassett Furniture Industries, from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub lowered shares of Bassett Furniture Industries, from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research lowered shares of Bassett Furniture Industries, from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $39.00 price objective (up from $36.00) on shares of Bassett Furniture Industries, in a report on Saturday, September 30th.

Bassett Furniture Industries, (NASDAQ BSET) opened at $39.80 on Monday. Bassett Furniture Industries, has a fifty-two week low of $24.90 and a fifty-two week high of $41.30. The company has a market cap of $427.27, a P/E ratio of 25.03 and a beta of 1.07.

Bassett Furniture Industries, (NASDAQ:BSET) last issued its quarterly earnings data 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 net margin of 4.09% and a return on equity of 9.17%. The firm had revenue of $114.30 million for the quarter, compared to analyst estimates of $110.65 million. During the same period in the prior year, the business posted $0.38 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. research analysts forecast that Bassett Furniture Industries, will post 1.76 EPS for the current year.

The firm also recently announced a special dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, November 30th. This is a positive change from Bassett Furniture Industries,’s previous special dividend of $0.30. This represents a yield of 1.17%. Bassett Furniture Industries,’s dividend payout ratio is 25.73%.

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In other Bassett Furniture Industries, news, insider Jay R. Hervey sold 650 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $39.19, for a total transaction of $25,473.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John E. Bassett III sold 2,000 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $40.25, for a total transaction of $80,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,550 shares of company stock worth $487,124. 6.40% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in BSET. Acrospire Investment Management LLC raised its holdings in shares of Bassett Furniture Industries, by 57.5% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,108 shares of the company’s stock valued at $118,000 after purchasing an additional 1,135 shares in the last quarter. American International Group Inc. raised its holdings in shares of Bassett Furniture Industries, by 7.0% in the 1st quarter. American International Group Inc. now owns 6,329 shares of the company’s stock valued at $170,000 after purchasing an additional 414 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Bassett Furniture Industries, by 441.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,620 shares of the company’s stock valued at $178,000 after purchasing an additional 3,767 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Bassett Furniture Industries, in the 2nd quarter valued at $206,000. Finally, Bank of America Corp DE raised its holdings in shares of Bassett Furniture Industries, by 183.8% in the 1st quarter. Bank of America Corp DE now owns 8,311 shares of the company’s stock valued at $224,000 after purchasing an additional 5,383 shares in the last quarter. Institutional investors and hedge funds own 71.33% 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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