Bassett Furniture Industries (NASDAQ:BSET) was downgraded by equities researchers at TheStreet from a “b” rating to a “c+” rating in a research report issued on Friday.

Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Bassett Furniture Industries from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Thursday, December 28th. BidaskClub lowered Bassett Furniture Industries from a “sell” rating to a “strong sell” rating in a report on Saturday, January 6th. Finally, Stifel Nicolaus cut their target price on Bassett Furniture Industries from $37.00 to $33.00 and set a “hold” rating on the stock in a report on Thursday, March 29th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Bassett Furniture Industries has a consensus rating of “Hold” and a consensus target price of $39.00.

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Shares of NASDAQ:BSET opened at $29.35 on Friday. Bassett Furniture Industries has a 1 year low of $27.43 and a 1 year high of $41.30. The firm has a market cap of $315.67, a P/E ratio of 18.58 and a beta of 0.87.

Bassett Furniture Industries (NASDAQ:BSET) last announced its quarterly earnings data on Wednesday, March 28th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.19). Bassett Furniture Industries had a return on equity of 8.10% and a net margin of 3.17%. The firm had revenue of $110.27 million for the quarter, compared to analysts’ expectations of $111.75 million. analysts predict that Bassett Furniture Industries will post 1.41 EPS for the current year.

In other news, SVP John E. Bassett III sold 1,500 shares of the firm’s stock in a transaction dated Thursday, April 12th. The stock was sold at an average price of $29.50, for a total value of $44,250.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Mark S. Jordan sold 3,400 shares of the firm’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $30.06, for a total value of $102,204.00. Following the completion of the sale, the senior vice president now directly owns 14,810 shares in the company, valued at $445,188.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,400 shares of company stock worth $163,479. Corporate insiders own 6.00% of the company’s stock.

Several large investors have recently modified their holdings of the company. MetLife Investment Advisors LLC acquired a new stake in shares of Bassett Furniture Industries in the fourth quarter valued at about $202,000. Millennium Management LLC grew its position in shares of Bassett Furniture Industries by 241.0% in the fourth quarter. Millennium Management LLC now owns 108,306 shares of the company’s stock valued at $4,072,000 after purchasing an additional 76,542 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Bassett Furniture Industries in the fourth quarter valued at about $226,000. Two Sigma Investments LP grew its position in shares of Bassett Furniture Industries by 16.3% in the fourth quarter. Two Sigma Investments LP now owns 18,833 shares of the company’s stock valued at $708,000 after purchasing an additional 2,636 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Bassett Furniture Industries by 60.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 34,006 shares of the company’s stock valued at $1,279,000 after purchasing an additional 12,823 shares during the last quarter. 73.42% of the stock is currently owned by institutional investors.

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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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