Wall Street analysts expect Bassett Furniture Industries, Incorporated (NASDAQ:BSET) to announce $110.81 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Bassett Furniture Industries,’s earnings. The lowest sales estimate is $109.12 million and the highest is $112.50 million. Bassett Furniture Industries, reported sales of $104.71 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.8%. The business is scheduled to issue its next earnings results on Thursday, October 5th.

According to Zacks, analysts expect that Bassett Furniture Industries, will report full year sales of $110.81 million for the current financial year, with estimates ranging from $448.65 million to $450.02 million. For the next year, analysts expect that the company will post sales of $464.70 million per share, with estimates ranging from $464.00 million to $465.39 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Bassett Furniture Industries,.

Bassett Furniture Industries, (NASDAQ:BSET) last announced its quarterly earnings results on Thursday, June 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.06. The firm had revenue of $114.10 million for the quarter, compared to analyst estimates of $110.52 million. Bassett Furniture Industries, had a net margin of 4.08% and a return on equity of 9.05%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS.

Several equities research analysts have weighed in on BSET shares. Zacks Investment Research upgraded Bassett Furniture Industries, from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective for the company in a report on Tuesday, July 4th. BidaskClub cut Bassett Furniture Industries, from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. ValuEngine upgraded Bassett Furniture Industries, from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Stifel Nicolaus increased their price objective on Bassett Furniture Industries, from $28.00 to $36.00 and gave the stock a “hold” rating in a report on Friday, June 30th.

Shares of Bassett Furniture Industries, (NASDAQ:BSET) opened at 36.00 on Monday. The firm has a 50-day moving average of $36.39 and a 200 day moving average of $31.69. Bassett Furniture Industries, has a one year low of $22.42 and a one year high of $40.55. The company has a market cap of $386.06 million, a price-to-earnings ratio of 21.67 and a beta of 1.11.

The company also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Friday, August 11th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Wednesday, August 9th. This is a boost from Bassett Furniture Industries,’s previous quarterly dividend of $0.10. Bassett Furniture Industries,’s dividend payout ratio (DPR) is presently 26.51%.

In other news, Director Kristina K. Cashman sold 750 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $38.08, for a total value of $28,560.00. Following the completion of the transaction, the director now owns 8,614 shares in the company, valued at approximately $328,021.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert H. Spilman, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $40.16, for a total value of $200,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,235 shares of company stock valued at $527,509. 6.40% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alambic Investment Management L.P. lifted its stake in shares of Bassett Furniture Industries, by 3.3% in the 1st quarter. Alambic Investment Management L.P. now owns 38,013 shares of the company’s stock valued at $1,023,000 after purchasing an additional 1,200 shares during the period. Prudential Financial Inc. increased its position in Bassett Furniture Industries, by 2.8% during the 1st quarter. Prudential Financial Inc. now owns 30,578 shares of the company’s stock valued at $822,000 after buying an additional 835 shares in the last quarter. Vanguard Group Inc. increased its position in Bassett Furniture Industries, by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 483,465 shares of the company’s stock valued at $13,005,000 after buying an additional 3,978 shares in the last quarter. Royce & Associates LP increased its position in Bassett Furniture Industries, by 6.7% during the 1st quarter. Royce & Associates LP now owns 1,046,070 shares of the company’s stock valued at $28,139,000 after buying an additional 66,070 shares in the last quarter. Finally, American International Group Inc. increased its position in Bassett Furniture Industries, by 7.0% during the 1st quarter. American International Group Inc. now owns 6,329 shares of the company’s stock valued at $170,000 after buying an additional 414 shares in the last quarter. Institutional investors own 71.92% of the company’s stock.

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About Bassett Furniture Industries,

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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