Bassett Furniture Industries (BSET) Announces Earnings Results

Bassett Furniture Industries (NASDAQ:BSET) announced its quarterly earnings results on Thursday. The company reported $0.40 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.40, RTT News reports. Bassett Furniture Industries had a net margin of 3.17% and a return on equity of 8.10%. During the same period last year, the company earned $0.54 EPS.

Bassett Furniture Industries opened at $27.55 on Friday, Marketbeat reports. Bassett Furniture Industries has a one year low of $26.05 and a one year high of $41.30. The firm has a market capitalization of $287.70 million, a price-to-earnings ratio of 17.44 and a beta of 0.90.

In related news, SVP John E. Bassett III sold 1,500 shares of the company’s stock in a transaction dated Thursday, April 12th. The shares were sold at an average price of $29.50, for a total value of $44,250.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mark S. Jordan sold 3,400 shares of the company’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 completion of the transaction, the senior vice president now owns 14,810 shares in the company, valued at $445,188.60. The disclosure for this sale can be found here. 6.40% of the stock is owned by insiders.

A number of brokerages have recently commented on BSET. ValuEngine lowered shares of Bassett Furniture Industries from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. BidaskClub raised shares of Bassett Furniture Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 19th. TheStreet lowered shares of Bassett Furniture Industries from a “b” rating to a “c+” rating in a research report on Friday, April 13th. Zacks Investment Research raised shares of Bassett Furniture Industries from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 30th. Finally, Stifel Nicolaus cut their price objective on shares of Bassett Furniture Industries from $37.00 to $33.00 and set a “hold” rating on the stock in a research report on Thursday, March 29th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $39.00.

About Bassett Furniture Industries

Bassett Furniture Industries, Incorporated manufactures, markets, and retails home furnishings in the United States. The company operates in three segments: Wholesale, Retail, and Logistical Services. It is involved in the design, manufacture, sourcing, sale, and distribution of furniture products to a network of company-owned and licensee-owned Bassett Home Furnishings (BHF) retail stores, as well as independent furniture retailers; and wood and upholstery operations.

Earnings History for Bassett Furniture Industries (NASDAQ:BSET)

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