Press coverage about Bassett Furniture Industries (NASDAQ:BSET) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing 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 media sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 47.187108994041 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
Several brokerages have recently commented on BSET. Stifel Nicolaus lowered their price objective on shares of Bassett Furniture Industries from $37.00 to $33.00 and set a “hold” rating for the company in a research note on Thursday, March 29th. Zacks Investment Research raised shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Thursday, December 28th. BidaskClub downgraded shares of Bassett Furniture Industries from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 6th. Finally, TheStreet downgraded shares of Bassett Furniture Industries from a “b” rating to a “c+” rating in a research note on Friday, April 13th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Bassett Furniture Industries currently has an average rating of “Hold” and a consensus target price of $39.00.
Shares of NASDAQ BSET opened at $29.40 on Wednesday. Bassett Furniture Industries has a 1 year low of $27.70 and a 1 year high of $41.30. The stock has a market cap of $315.67, a P/E ratio of 18.61 and a beta of 0.87.
Bassett Furniture Industries (NASDAQ:BSET) last announced its quarterly earnings results on Wednesday, March 28th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.19). Bassett Furniture Industries had a net margin of 3.17% and a return on equity of 8.10%. The company had revenue of $110.27 million for the quarter, compared to analysts’ expectations of $111.75 million. research analysts forecast that Bassett Furniture Industries will post 1.41 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, May 11th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, May 10th. Bassett Furniture Industries’s dividend payout ratio is currently 27.85%.
In related news, SVP John E. Bassett III sold 1,500 shares of the business’s stock in a transaction dated Thursday, April 12th. The shares were sold at an average price of $29.50, for a total transaction of $44,250.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Mark S. Jordan sold 3,400 shares of the business’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $30.06, for a total transaction of $102,204.00. Following the transaction, the senior vice president now owns 14,810 shares in the company, valued at approximately $445,188.60. The disclosure for this sale can be found here. Insiders have sold 5,400 shares of company stock worth $163,479 in the last quarter. 6.00% of the stock is owned by corporate insiders.
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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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