Shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokerages have set a 12-month consensus price objective of $39.00 for the company and are forecasting that the company will post $0.52 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bassett Furniture Industries, an industry rank of 231 out of 265 based on the ratings given to related companies.

A number of brokerages have commented on BSET. ValuEngine lowered Bassett Furniture Industries, from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $39.00 price objective (up from $36.00) on shares of Bassett Furniture Industries, in a research report on Saturday, September 30th. BidaskClub lowered Bassett Furniture Industries, from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research lowered Bassett Furniture Industries, from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 29th.

Shares of Bassett Furniture Industries, (NASDAQ:BSET) opened at $38.30 on Friday. Bassett Furniture Industries, has a twelve month low of $22.95 and a twelve month high of $41.30. The firm has a market capitalization of $411.15, a price-to-earnings ratio of 24.09 and a beta of 1.07.

Bassett Furniture Industries, (NASDAQ:BSET) last released its quarterly earnings results on Thursday, September 28th. The company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.06. Bassett Furniture Industries, had a return on equity of 9.17% and a net margin of 4.09%. The firm had revenue of $114.30 million during the quarter, compared to analysts’ expectations of $110.65 million. During the same period last year, the firm posted $0.38 EPS. The business’s revenue was up 9.2% on a year-over-year basis. equities research analysts predict that Bassett Furniture Industries, will post 1.76 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.44 dividend on an annualized basis and a yield of 1.15%. Bassett Furniture Industries,’s payout ratio is 25.73%.

In other news, SVP Bruce Cohenour sold 9,900 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $38.50, for a total value of $381,150.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider John E. Bassett III sold 2,000 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $40.25, for a total value of $80,500.00. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of BSET. Royce & Associates LP boosted its position in shares of Bassett Furniture Industries, by 18.4% in the 2nd quarter. Royce & Associates LP now owns 1,238,752 shares of the company’s stock worth $47,011,000 after purchasing an additional 192,682 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Bassett Furniture Industries, by 6.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 590,781 shares of the company’s stock worth $22,420,000 after purchasing an additional 37,816 shares during the last quarter. SG Capital Management LLC bought a new position in shares of Bassett Furniture Industries, in the 2nd quarter worth $1,325,000. Cadence Capital Management LLC bought a new position in shares of Bassett Furniture Industries, in the 2nd quarter worth $1,187,000. Finally, Dupont Capital Management Corp bought a new position in shares of Bassett Furniture Industries, in the 3rd quarter worth $554,000. Institutional investors and hedge funds own 70.88% of the company’s stock.

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Bassett Furniture Industries, Company Profile

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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