Bassett Furniture Industries Inc. (NASDAQ:BSET) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokers have set a 1 year consensus target price of $37.00 for the company and are predicting that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bassett Furniture Industries an industry rank of 203 out of 265 based on the ratings given to related companies.
A number of analysts recently weighed in on BSET shares. ValuEngine lowered shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub lowered shares of Bassett Furniture Industries from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Finally, Zacks Investment Research raised shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Thursday, December 28th.
A number of hedge funds have recently made changes to their positions in the business. Northern Trust Corp boosted its stake in Bassett Furniture Industries by 0.3% in the second quarter. Northern Trust Corp now owns 124,123 shares of the company’s stock valued at $4,711,000 after acquiring an additional 341 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Bassett Furniture Industries by 22.5% in the third quarter. Russell Investments Group Ltd. now owns 7,765 shares of the company’s stock valued at $293,000 after acquiring an additional 1,428 shares during the last quarter. Cadence Capital Management LLC boosted its stake in Bassett Furniture Industries by 5.1% in the third quarter. Cadence Capital Management LLC now owns 32,877 shares of the company’s stock valued at $1,239,000 after acquiring an additional 1,599 shares during the last quarter. Two Sigma Investments LP boosted its stake in Bassett Furniture Industries by 16.3% in the fourth quarter. Two Sigma Investments LP now owns 18,833 shares of the company’s stock valued at $708,000 after acquiring an additional 2,636 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Bassett Furniture Industries by 0.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 571,939 shares of the company’s stock valued at $21,505,000 after acquiring an additional 2,693 shares during the last quarter. 71.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Bassett Furniture Industries (NASDAQ BSET) opened at $33.40 on Wednesday. The firm has a market cap of $364.92, a P/E ratio of 19.65 and a beta of 0.84. Bassett Furniture Industries has a fifty-two week low of $24.90 and a fifty-two week high of $41.30.
Bassett Furniture Industries (NASDAQ:BSET) last issued its quarterly earnings results on Friday, January 19th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.06). The company had revenue of $118.23 million during the quarter, compared to analyst estimates of $118.22 million. Bassett Furniture Industries had a net margin of 4.03% and a return on equity of 9.00%. During the same period in the prior year, the business earned $0.47 EPS. equities research analysts predict that Bassett Furniture Industries will post 1.72 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.44 dividend on an annualized basis and a yield of 1.32%. Bassett Furniture Industries’s payout ratio is presently 25.88%.
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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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