Bassett Furniture Industries (NASDAQ:BSET) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Bassett Furniture Industries (NASDAQ:BSET) from a hold rating to a buy rating in a research note released on Saturday,Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the company. Zacks Research cut Bassett Furniture Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Weiss Ratings upgraded Bassett Furniture Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Bassett Furniture Industries Stock Up 8.7%

NASDAQ:BSET opened at $20.72 on Friday. The firm has a market cap of $179.23 million, a PE ratio of 26.23, a price-to-earnings-growth ratio of 1.50 and a beta of 0.72. Bassett Furniture Industries has a 12 month low of $13.17 and a 12 month high of $22.26. The company’s 50-day moving average price is $18.78 and its two-hundred day moving average price is $16.89.

Bassett Furniture Industries (NASDAQ:BSET) last posted its quarterly earnings data on Wednesday, September 30th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.11. Bassett Furniture Industries had a net margin of 2.02% and a return on equity of 4.36%. The company had revenue of $82.84 million during the quarter, compared to analyst estimates of $82.77 million. On average, research analysts expect that Bassett Furniture Industries will post 0.93 EPS for the current fiscal year.

Bassett Furniture Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.9%. Bassett Furniture Industries’s payout ratio is currently 101.27%.

Institutional Trading of Bassett Furniture Industries

Several hedge funds have recently modified their holdings of the stock. Motiv8 Investments LLC acquired a new stake in shares of Bassett Furniture Industries in the fourth quarter valued at approximately $42,000. Nalls Sherbakoff Group LLC acquired a new position in Bassett Furniture Industries during the 4th quarter worth $46,000. Integrated Wealth Concepts LLC acquired a new position in Bassett Furniture Industries during the 2nd quarter worth $59,000. Bank of America Corp DE bought a new position in Bassett Furniture Industries in the 2nd quarter valued at $246,000. Finally, Marquette Asset Management LLC bought a new position in Bassett Furniture Industries in the 2nd quarter valued at $300,000. 54.40% of the stock is owned by institutional investors.

Key Bassett Furniture Industries News

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

• Positive Sentiment: Analyst upgrade: Freedom Broker upgraded BSET from “hold” to “strong-buy,” while Wall Street Zen separately upgraded the stock to “buy.” The more bullish ratings likely improved investor sentiment. Freedom Broker upgrade Wall Street Zen upgrade
• Positive Sentiment: Quarterly earnings beat estimates: Bassett reported quarterly EPS of $0.24, exceeding the $0.13 consensus estimate, while revenue of $82.84 million was essentially in line with expectations. The earnings outperformance may have reinforced confidence in the company’s profitability. Bassett Furniture Q3 2026 earnings call transcript
• Positive Sentiment: Higher near-term and long-term forecasts: Sidoti raised its FY2026 EPS forecast to $1.01 from $0.88, above the current-year consensus of $0.87. Sidoti also projects FY2027 EPS of $1.39 and FY2028 EPS of $1.70, signaling expected earnings growth over the next several years.
• Neutral Sentiment: Mixed quarterly estimate revisions: Sidoti increased its Q3 2027 EPS forecast slightly to $0.25 from $0.24 and established 2028 quarterly estimates of $0.25, $0.48 and $0.33 for the first three quarters.
• Negative Sentiment: Some forecasts were reduced: Sidoti cut Q1 2027 EPS to $0.21 from $0.23, Q2 2027 EPS to $0.40 from $0.46, Q4 2027 EPS to $0.53 from $0.66, and FY2027 EPS to $1.39 from $1.59. These reductions temper the otherwise bullish outlook.

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.