Sidoti Brokers Raise Earnings Estimates for BSET

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) – Equities research analysts at Sidoti raised their Q3 2026 earnings estimates for shares of Bassett Furniture Industries in a research note issued on Monday, July 6th. Sidoti analyst A. Lebiedzinski now forecasts that the company will post earnings of $0.12 per share for the quarter, up from their previous estimate of $0.11. The consensus estimate for Bassett Furniture Industries’ current full-year earnings is $0.83 per share. Sidoti also issued estimates for Bassett Furniture Industries’ Q4 2026 earnings at $0.45 EPS, FY2026 earnings at $0.93 EPS, Q2 2027 earnings at $0.46 EPS, Q4 2027 earnings at $0.66 EPS and FY2027 earnings at $1.62 EPS.

A number of other brokerages have also weighed in on BSET. Wall Street Zen raised Bassett Furniture Industries from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research raised shares of Bassett Furniture Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Weiss Ratings raised shares of Bassett Furniture Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Bassett Furniture Industries Price Performance

Shares of BSET stock opened at $20.00 on Tuesday. The business has a fifty day moving average of $15.40 and a 200 day moving average of $15.41. Bassett Furniture Industries has a 1 year low of $13.17 and a 1 year high of $20.99. The firm has a market capitalization of $173.16 million, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 1.52 and a beta of 0.76.

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

Institutional Investors Weigh In On Bassett Furniture Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Bassett Furniture Industries by 114.3% during the second quarter. Geode Capital Management LLC now owns 190,182 shares of the company’s stock worth $2,892,000 after buying an additional 101,448 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new position in shares of Bassett Furniture Industries in the third quarter worth about $597,000. Hsbc Holdings PLC purchased a new stake in shares of Bassett Furniture Industries during the 4th quarter worth about $465,000. Squarepoint Ops LLC acquired a new stake in shares of Bassett Furniture Industries during the 3rd quarter valued at about $414,000. Finally, Aegis Financial Corp increased its stake in shares of Bassett Furniture Industries by 5.2% in the 1st 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. Institutional investors and hedge funds own 54.40% of the company’s stock.

About Bassett Furniture Industries

Bassett Furniture Industries, Inc (NASDAQ: BSET), headquartered in Bassett, Virginia, is a vertically integrated manufacturer and retailer of residential home furnishings. The company designs, produces and markets a range of furniture items, including upholstered seating, wood case goods, bedroom collections, dining room sets and home décor accessories. Bassett is known for its emphasis on craftsmanship, offering both ready-to-assemble pieces and made-to-order products that cater to varying design preferences and space requirements.

Bassett’s products are sold through a dual-channel distribution network comprising company-owned Bassett Home Furnishings stores, a franchise and independent dealer network, and an e-commerce platform that provides online shopping, virtual design consultations and customization tools.