Bassett Furniture Industries (NASDAQ:BSET) Raised to “Buy” at Wall Street Zen

Bassett Furniture Industries (NASDAQ:BSET) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.

BSET has been the subject of a number of other research reports. Zacks Research downgraded Bassett Furniture Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Weiss Ratings upgraded shares of Bassett Furniture Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy”.

Bassett Furniture Industries Stock Performance

Shares of NASDAQ:BSET opened at $20.72 on Friday. Bassett Furniture Industries has a 52-week low of $13.17 and a 52-week high of $22.26. The firm has a fifty day moving average of $18.78 and a 200 day moving average of $16.91. The firm has a market capitalization of $179.23 million, a PE ratio of 26.23, a price-to-earnings-growth ratio of 1.39 and a beta of 0.72.

Bassett Furniture Industries (NASDAQ:BSET) last released its earnings results on Wednesday, September 30th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.11. Bassett Furniture Industries had a return on equity of 4.36% and a net margin of 2.02%.The business had revenue of $82.84 million for the quarter, compared to analysts’ expectations of $82.77 million. On average, sell-side analysts forecast that Bassett Furniture Industries will post 0.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Aegis Financial Corp lifted its stake in shares of Bassett Furniture Industries by 4.4% in the 2nd quarter. Aegis Financial Corp now owns 550,413 shares of the company’s stock valued at $9,753,000 after acquiring an additional 23,416 shares during the last quarter. Renaissance Technologies LLC grew its position in Bassett Furniture Industries by 4.0% during the 1st quarter. Renaissance Technologies LLC now owns 304,161 shares of the company’s stock worth $4,304,000 after acquiring an additional 11,700 shares during the last quarter. BlackRock Inc. purchased a new position in Bassett Furniture Industries in the 2nd quarter worth approximately $3,032,000. Bank of New York Mellon Corp purchased a new position in Bassett Furniture Industries in the 2nd quarter worth approximately $1,274,000. Finally, Empowered Funds LLC purchased a new position in Bassett Furniture Industries in the 2nd quarter worth approximately $746,000. 54.40% of the stock is owned by institutional investors.

Bassett Furniture Industries News Roundup

Here are the key news stories impacting Bassett Furniture Industries this week:

• Positive Sentiment: Freedom Broker upgraded BSET from “hold” to “strong-buy,” while Wall Street Zen upgraded the shares to “buy.” These ratings changes may improve investor sentiment. Tickerreport.com article American Banking News article
• Positive Sentiment: Sidoti raised its FY2026 EPS forecast to $1.01 from $0.88, above the current full-year consensus estimate of $0.87. The firm also projects FY2028 EPS of $1.70, suggesting substantial longer-term earnings growth.
• Positive Sentiment: Sidoti increased its Q3 2027 EPS estimate modestly to $0.25 from $0.24 and issued forecasts of $0.25, $0.48 and $0.33 for BSET’s first three quarters of 2028.
• Neutral Sentiment: The company’s latest reported quarter showed EPS of $0.24, exceeding analysts’ $0.13 expectation, while revenue of $82.84 million was broadly in line with estimates. This provides a supportive earnings backdrop, although profitability remains modest.
• Negative Sentiment: Sidoti lowered its FY2027 EPS forecast to $1.39 from $1.59. It also cut Q1 2027 EPS to $0.21 from $0.23, Q2 2027 EPS to $0.40 from $0.46, and Q4 2027 EPS to $0.53 from $0.66. These reductions signal some pressure on near-term earnings expectations.

Bassett Furniture Industries Company Profile

Bassett Furniture Industries, Incorporated is a home furnishings company headquartered in Bassett, Virginia. Founded in 1902, the company built its heritage in wooden furniture and has expanded into a broader range of residential furnishings.

Bassett designs, manufactures, sources and sells products including upholstered furniture, bedroom and dining furniture, occasional tables, home office furnishings, mattresses, rugs, lighting and decorative accessories. Its offerings are marketed under the Bassett brand, with an emphasis on coordinated room collections, customization and design services.

The company serves consumers primarily in the United States through company-owned and licensed Bassett Home Furnishings stores, its website and other retail channels.