BSET Stock Earnings Estimates Decreased by Sidoti

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) – Equities research analysts at Sidoti cut their Q1 2027 earnings per share estimates for Bassett Furniture Industries in a research note issued on Monday, September 28th. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $0.23 for the quarter, down from their previous forecast of $0.26. The consensus estimate for Bassett Furniture Industries’ current full-year earnings is $0.89 per share.

Bassett Furniture Industries (NASDAQ:BSET) last released its quarterly earnings results on Wednesday, July 1st. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. Bassett Furniture Industries had a return on equity of 3.56% and a net margin of 1.65%.The company had revenue of $83.75 million during the quarter, compared to the consensus estimate of $83.32 million. During the same quarter in the prior year, the company posted $0.22 EPS.

A number of other equities analysts have also commented on BSET. Zacks Research lowered shares of Bassett Furniture Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Weiss Ratings raised shares of Bassett Furniture Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen upgraded shares of Bassett Furniture Industries from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Bassett Furniture Industries presently has an average rating of “Moderate Buy”.

Bassett Furniture Industries Stock Performance

BSET opened at $18.05 on Tuesday. The firm has a market cap of $156.31 million, a P/E ratio of 28.20, a price-to-earnings-growth ratio of 1.28 and a beta of 0.77. The business has a 50 day moving average price of $18.82 and a 200 day moving average price of $16.80. Bassett Furniture Industries has a twelve month low of $13.17 and a twelve month high of $22.26.

Hedge Funds Weigh In On Bassett Furniture Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Bassett Furniture Industries in the 2nd quarter worth approximately $3,032,000. Bank of New York Mellon Corp bought a new stake in shares of Bassett Furniture Industries during the second quarter valued at approximately $1,274,000. Empowered Funds LLC bought a new stake in shares of Bassett Furniture Industries during the second quarter valued at approximately $746,000. Hsbc Holdings PLC acquired a new position in shares of Bassett Furniture Industries in the fourth quarter valued at $465,000. Finally, Aegis Financial Corp raised its stake in shares of Bassett Furniture Industries by 5.2% in the first quarter. Aegis Financial Corp now owns 526,997 shares of the company’s stock valued at $7,457,000 after purchasing an additional 25,878 shares in the last quarter. 54.40% of the stock is currently owned by institutional investors.

Bassett Furniture Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.80 dividend on an annualized basis and a yield of 4.4%. Bassett Furniture Industries’s dividend payout ratio (DPR) is 125.00%.

About Bassett Furniture Industries

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.