Bassett Furniture Industries (NASDAQ:BSET) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Bassett Furniture Industries, Incorporated (NASDAQ:BSET)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.85 and traded as low as $14.00. Bassett Furniture Industries shares last traded at $14.09, with a volume of 39,381 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BSET shares. Weiss Ratings reissued a “hold (c)” rating on shares of Bassett Furniture Industries in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Zacks Research downgraded shares of Bassett Furniture Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Bassett Furniture Industries Stock Performance

The firm has a fifty day moving average price of $15.70 and a 200 day moving average price of $15.83. The company has a market cap of $121.10 million, a price-to-earnings ratio of 20.00, a P/E/G ratio of 0.87 and a beta of 0.98.

Bassett Furniture Industries (NASDAQ:BSET) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.07). The business had revenue of $88.67 million for the quarter, compared to analyst estimates of $86.90 million. Bassett Furniture Industries had a return on equity of 3.91% and a net margin of 1.82%. On average, analysts expect that Bassett Furniture Industries, Incorporated will post 0.75 EPS for the current fiscal year.

Bassett Furniture Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Friday, February 13th. Bassett Furniture Industries’s dividend payout ratio (DPR) is currently 114.29%.

Institutional Trading of Bassett Furniture Industries

A number of large investors have recently bought and sold shares of the business. Aegis Financial Corp grew its holdings in shares of Bassett Furniture Industries by 5.3% in the fourth quarter. Aegis Financial Corp now owns 501,119 shares of the company’s stock valued at $8,399,000 after acquiring an additional 25,000 shares in the last quarter. Geode Capital Management LLC increased its stake in Bassett Furniture Industries by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 195,368 shares of the company’s stock worth $3,275,000 after acquiring an additional 2,796 shares during the last quarter. State Street Corp grew its stake in Bassett Furniture Industries by 5.8% in the 4th quarter. State Street Corp now owns 119,643 shares of the company’s stock worth $2,005,000 after buying an additional 6,558 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in Bassett Furniture Industries by 10.5% during the fourth quarter. Bridgeway Capital Management LLC now owns 91,786 shares of the company’s stock worth $1,538,000 after purchasing an additional 8,743 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Bassett Furniture Industries by 7.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 50,981 shares of the company’s stock valued at $854,000 after purchasing an additional 3,595 shares during the last quarter. 54.40% of the stock is currently owned by institutional investors and hedge funds.

Bassett Furniture Industries Company Profile

Bassett Furniture Industries, Inc (NASDAQ: BSET), headquartered in Bassett, Virginia, is a vertically integrated manufacturer and retailer of residential home furnishings. The company designs, produces and markets a range of furniture items, including upholstered seating, wood case goods, bedroom collections, dining room sets and home décor accessories. Bassett is known for its emphasis on craftsmanship, offering both ready-to-assemble pieces and made-to-order products that cater to varying design preferences and space requirements.

Bassett’s products are sold through a dual-channel distribution network comprising company-owned Bassett Home Furnishings stores, a franchise and independent dealer network, and an e-commerce platform that provides online shopping, virtual design consultations and customization tools.