Bassett Furniture Industries Inc. (NASDAQ:BSET) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Analysts have set a one year consensus price target of $37.00 for the company and are anticipating that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also given Bassett Furniture Industries an industry rank of 213 out of 265 based on the ratings given to related companies.
Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Bassett Furniture Industries from a “buy” rating to a “strong sell” rating in a research report on Tuesday, January 23rd. BidaskClub cut shares of Bassett Furniture Industries from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 6th. Finally, ValuEngine cut shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in Bassett Furniture Industries by 441.6% in the third quarter. JPMorgan Chase & Co. now owns 4,620 shares of the company’s stock valued at $178,000 after buying an additional 3,767 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Bassett Furniture Industries in the second quarter valued at about $206,000. Alliancebernstein L.P. acquired a new position in Bassett Furniture Industries in the second quarter valued at about $224,000. Alps Advisors Inc. acquired a new position in Bassett Furniture Industries in the fourth quarter valued at about $227,000. Finally, Voya Investment Management LLC acquired a new position in Bassett Furniture Industries in the second quarter valued at about $272,000. 71.82% of the stock is currently owned by institutional investors.
Bassett Furniture Industries (NASDAQ:BSET) opened at $32.40 on Tuesday. The firm has a market cap of $358.20, a PE ratio of 19.06 and a beta of 0.84. Bassett Furniture Industries has a 1 year low of $24.90 and a 1 year high of $41.30.
Bassett Furniture Industries (NASDAQ:BSET) last announced its quarterly earnings results on Friday, January 19th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.06). The firm had revenue of $118.23 million for the quarter, compared to analyst estimates of $118.22 million. Bassett Furniture Industries had a net margin of 4.03% and a return on equity of 9.00%. During the same period in the previous year, the firm posted $0.47 EPS. research analysts anticipate that Bassett Furniture Industries will post 1.72 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.44 annualized dividend and a dividend yield of 1.36%. Bassett Furniture Industries’s payout ratio is 25.88%.
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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