Bassett Furniture Industries Inc. (BSET) Given Average Rating of “Hold” by Brokerages
Shares of Bassett Furniture Industries Inc. (NASDAQ:BSET) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokers have set a twelve-month consensus price objective of $37.00 for the company and are predicting that the company will post $0.35 EPS for the current quarter, according to Zacks. Zacks has also assigned Bassett Furniture Industries an industry rank of 213 out of 265 based on the ratings given to its competitors.
A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Bassett Furniture Industries from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Thursday, December 28th. ValuEngine lowered shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub lowered shares of Bassett Furniture Industries from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th.
Bassett Furniture Industries (NASDAQ:BSET) last released its earnings results on Friday, January 19th. The company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.06). Bassett Furniture Industries had a return on equity of 9.00% and a net margin of 4.03%. The firm had revenue of $118.23 million for the quarter, compared to analysts’ expectations of $118.22 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. analysts forecast that Bassett Furniture Industries will post 1.72 EPS for the current fiscal year.
The business also recently declared 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 is Thursday, February 8th. This represents a $0.44 annualized dividend and a yield of 1.36%. Bassett Furniture Industries’s dividend payout ratio is currently 25.88%.
In other Bassett Furniture Industries news, insider Jay R. Hervey sold 650 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $39.19, for a total value of $25,473.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 6.40% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Northern Trust Corp increased 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 purchasing an additional 341 shares during the last quarter. Russell Investments Group Ltd. increased 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 purchasing an additional 1,428 shares during the last quarter. Cadence Capital Management LLC increased 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 purchasing an additional 1,599 shares during the last quarter. Gamco Investors INC. ET AL increased 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 purchasing an additional 2,693 shares during the last quarter. Finally, BB&T Corp increased its stake in Bassett Furniture Industries by 7.2% in the third quarter. BB&T Corp now owns 41,463 shares of the company’s stock valued at $1,563,000 after purchasing an additional 2,800 shares during the last quarter. Institutional investors own 71.82% of the company’s stock.
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About Bassett Furniture Industries
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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