Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.15 by $0.07, Zacks reports. Bassett Furniture Industries had a net margin of 0.76% and a return on equity of 1.49%. The firm had revenue of $84,348 billion for the quarter, compared to analyst estimates of $82.03 million. During the same period in the prior year, the business posted ($0.19) EPS.
Bassett Furniture Industries Trading Down 4.4%
BSET traded down $0.84 during trading hours on Friday, hitting $18.30. 96,276 shares of the company's stock were exchanged, compared to its average volume of 23,933. Bassett Furniture Industries has a 12-month low of $12.11 and a 12-month high of $19.75. The firm has a 50 day moving average of $16.43 and a 200 day moving average of $15.70. The firm has a market cap of $159.21 million, a P/E ratio of 63.10, a price-to-earnings-growth ratio of 1.20 and a beta of 1.19.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of Bassett Furniture Industries from a "buy" rating to a "strong-buy" rating in a report on Saturday.
View Our Latest Analysis on Bassett Furniture Industries
Institutional Investors Weigh In On Bassett Furniture Industries
Large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC increased its stake in Bassett Furniture Industries by 7.9% during the 1st quarter. Empowered Funds LLC now owns 28,643 shares of the company's stock worth $437,000 after buying an additional 2,089 shares during the period. Goldman Sachs Group Inc. increased its stake in Bassett Furniture Industries by 97.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,840 shares of the company's stock worth $379,000 after buying an additional 12,258 shares during the period. Finally, Jane Street Group LLC increased its stake in Bassett Furniture Industries by 87.9% during the 1st quarter. Jane Street Group LLC now owns 21,454 shares of the company's stock worth $327,000 after buying an additional 10,037 shares during the period. 54.40% of the stock is owned by hedge funds and other institutional investors.
Bassett Furniture Industries Company Profile
(
Get Free Report)
Bassett Furniture Industries, Incorporated, together with its subsidiaries, manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail Company-Owned Stores, and Corporate and Other. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products, including dining, bedroom and bedding, home decorations, rugs, and outdoor furniture to a network of company-owned retail stores, licensee-owned stores, and independent retailers.
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