Media stories about Bassett Furniture Industries (NASDAQ:BSET) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bassett Furniture Industries earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.1209939905242 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several brokerages recently issued reports on BSET. Zacks Investment Research upgraded shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Thursday, December 28th. ValuEngine lowered shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub downgraded shares of Bassett Furniture Industries from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th.
Bassett Furniture Industries (NASDAQ BSET) traded down $0.70 during mid-day trading on Wednesday, reaching $31.80. 48,500 shares of the company were exchanged, compared to its average volume of 48,251. Bassett Furniture Industries has a 12 month low of $24.90 and a 12 month high of $41.30. The company has a market capitalization of $349.85, a P/E ratio of 20.57 and a beta of 0.84.
Bassett Furniture Industries (NASDAQ:BSET) last announced its earnings results on Friday, January 19th. The company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.06). Bassett Furniture Industries had a net margin of 4.03% and a return on equity of 9.00%. The business had revenue of $118.23 million for the quarter, compared to the consensus estimate of $118.22 million. During the same period in the prior year, the business posted $0.47 EPS. equities research analysts anticipate that Bassett Furniture Industries will post 1.72 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Thursday, February 8th. Bassett Furniture Industries’s payout ratio is 25.88%.
In other 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 legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.00% of the company’s stock.
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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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