Somewhat Positive Media Coverage Somewhat Unlikely to Impact Bassett Furniture Industries, (NASDAQ:BSET) Share Price
News articles about Bassett Furniture Industries, (NASDAQ:BSET) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bassett Furniture Industries, earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.3329939619746 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of equities analysts recently commented on the stock. BidaskClub cut shares of Bassett Furniture Industries, from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Stifel Nicolaus lifted their price target on shares of Bassett Furniture Industries, from $28.00 to $36.00 and gave the stock a “hold” rating in a research note on Friday, June 30th. Finally, Zacks Investment Research cut shares of Bassett Furniture Industries, from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th.
Bassett Furniture Industries, (BSET) traded down 0.14% during trading on Friday, hitting $35.85. 22,652 shares of the company were exchanged. Bassett Furniture Industries, has a 12 month low of $22.42 and a 12 month high of $40.55. The company has a market capitalization of $384.46 million, a price-to-earnings ratio of 21.58 and a beta of 1.09. The stock’s 50-day moving average is $37.17 and its 200-day moving average is $30.60.
Bassett Furniture Industries, (NASDAQ:BSET) last released its quarterly earnings data on Thursday, June 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.06. The firm had revenue of $114.10 million during the quarter, compared to analysts’ expectations of $110.52 million. Bassett Furniture Industries, had a net margin of 4.08% and a return on equity of 9.05%. Bassett Furniture Industries,’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $0.31 earnings per share. Equities research analysts anticipate that Bassett Furniture Industries, will post $1.67 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Wednesday, August 9th. This is a positive change from Bassett Furniture Industries,’s previous quarterly dividend of $0.10. Bassett Furniture Industries,’s dividend payout ratio (DPR) is 26.51%.
In other news, CEO Robert H. Spilman, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $40.16, for a total value of $200,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kristina K. Cashman sold 750 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $38.08, for a total transaction of $28,560.00. Following the completion of the transaction, the director now directly owns 8,614 shares of the company’s stock, valued at approximately $328,021.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,235 shares of company stock valued at $527,509. 6.40% of the stock is currently owned by 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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