Shares of Bassett Furniture Industries Inc. (NASDAQ:BSET) have earned an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $33.00.
A number of equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Bassett Furniture Industries from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 23rd. Zacks Investment Research upgraded shares of Bassett Furniture Industries from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 30th.
A number of large investors have recently bought and sold shares of BSET. KBC Group NV boosted its position in Bassett Furniture Industries by 48.5% during the 1st quarter. KBC Group NV now owns 6,365 shares of the company’s stock worth $193,000 after buying an additional 2,079 shares during the period. Citadel Advisors LLC bought a new position in Bassett Furniture Industries during the 1st quarter worth approximately $224,000. Alps Advisors Inc. bought a new position in Bassett Furniture Industries during the 2nd quarter worth approximately $227,000. Element Capital Management LLC bought a new position in Bassett Furniture Industries during the 1st quarter worth approximately $228,000. Finally, Russell Investments Group Ltd. raised its holdings in Bassett Furniture Industries by 376.5% during the 1st quarter. Russell Investments Group Ltd. now owns 8,100 shares of the company’s stock worth $246,000 after purchasing an additional 6,400 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.
Shares of BSET traded down $1.15 during mid-day trading on Wednesday, reaching $21.15. The company had a trading volume of 3,724 shares, compared to its average volume of 34,049. Bassett Furniture Industries has a 1-year low of $21.03 and a 1-year high of $41.30. The company has a market cap of $226.53 million, a P/E ratio of 13.73 and a beta of 0.78.
Bassett Furniture Industries (NASDAQ:BSET) last posted its quarterly earnings results on Thursday, June 28th. The company reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. Bassett Furniture Industries had a net margin of 2.82% and a return on equity of 7.93%. The company had revenue of $116.00 million for the quarter, compared to the consensus estimate of $112.86 million. During the same period last year, the company posted $0.54 EPS. equities analysts predict that Bassett Furniture Industries will post 1.33 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Friday, August 10th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, August 9th. This is an increase from Bassett Furniture Industries’s previous quarterly dividend of $0.11. This represents a $0.50 annualized dividend and a yield of 2.36%. Bassett Furniture Industries’s dividend payout ratio (DPR) is currently 31.65%.
Bassett Furniture Industries Company Profile
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.
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