Shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.99 and traded as high as $17.65. Bassett Furniture Industries shares last traded at $17.65, with a volume of 40,296 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Bassett Furniture Industries from a "hold" rating to a "buy" rating in a research note on Friday, January 31st.
Check Out Our Latest Report on Bassett Furniture Industries
Bassett Furniture Industries Stock Performance
The firm has a market capitalization of $162.42 million, a P/E ratio of -16.96, a price-to-earnings-growth ratio of 1.29 and a beta of 1.26. The business has a fifty day moving average of $16.28 and a 200-day moving average of $15.06.
Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last released its quarterly earnings results on Wednesday, April 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.19. Bassett Furniture Industries had a negative return on equity of 2.44% and a negative net margin of 2.94%. The company had revenue of $82.16 million during the quarter, compared to analysts' expectations of $79.71 million. During the same quarter in the prior year, the business posted ($0.14) earnings per share. On average, equities research analysts forecast that Bassett Furniture Industries, Incorporated will post 0.75 earnings per share for the current fiscal year.
Bassett Furniture Industries Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.29%. Bassett Furniture Industries's dividend payout ratio (DPR) is -106.67%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC boosted its stake in Bassett Furniture Industries by 4.5% during the 4th quarter. Empowered Funds LLC now owns 26,554 shares of the company's stock valued at $367,000 after purchasing an additional 1,135 shares in the last quarter. Barclays PLC grew its holdings in Bassett Furniture Industries by 51.9% during the third quarter. Barclays PLC now owns 10,124 shares of the company's stock worth $146,000 after acquiring an additional 3,459 shares during the period. Aristides Capital LLC grew its holdings in Bassett Furniture Industries by 16.0% during the fourth quarter. Aristides Capital LLC now owns 43,111 shares of the company's stock worth $596,000 after acquiring an additional 5,935 shares during the period. Jane Street Group LLC bought a new stake in Bassett Furniture Industries in the fourth quarter worth about $158,000. Finally, FourThought Financial Partners LLC bought a new position in shares of Bassett Furniture Industries during the 4th quarter valued at about $180,000. Institutional investors and hedge funds own 54.40% of the company's stock.
About Bassett Furniture Industries
(
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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