Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.34 and traded as high as $17.28. Bassett Furniture Industries shares last traded at $16.40, with a volume of 17,818 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised Bassett Furniture Industries from a "hold" rating to a "buy" rating in a research report on Friday, January 31st.
Check Out Our Latest Research Report on BSET
Bassett Furniture Industries Trading Down 3.9%
The business has a 50-day moving average price of $16.74 and a 200-day moving average price of $15.35. The firm has a market cap of $142.75 million, a P/E ratio of -14.91, a P/E/G ratio of 1.29 and a beta of 1.26.
Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last posted its quarterly earnings results on Wednesday, April 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $82.16 million for the quarter, compared to the consensus estimate of $79.71 million. During the same quarter in the prior year, the company earned ($0.14) EPS. On average, equities analysts anticipate that Bassett Furniture Industries, Incorporated will post 0.75 earnings per share for the current fiscal year.
Bassett Furniture Industries Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend is Friday, May 16th. Bassett Furniture Industries's payout ratio is -106.67%.
Hedge Funds 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. Jane Street Group LLC grew its position in shares of 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 in the last quarter. Empowered Funds LLC boosted its position in Bassett Furniture Industries by 7.9% during the first quarter. Empowered Funds LLC now owns 28,643 shares of the company's stock valued at $437,000 after purchasing an additional 2,089 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Bassett Furniture Industries by 97.4% during the first quarter. Goldman Sachs Group Inc. now owns 24,840 shares of the company's stock valued at $379,000 after purchasing an additional 12,258 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in Bassett Furniture Industries by 0.4% during the first quarter. Gamco Investors INC. ET AL now owns 571,777 shares of the company's stock valued at $8,720,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Truffle Hound Capital LLC boosted its position in Bassett Furniture Industries by 49.3% during the first quarter. Truffle Hound Capital LLC now owns 298,520 shares of the company's stock valued at $4,552,000 after purchasing an additional 98,520 shares in the last quarter. Institutional investors 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Bassett Furniture Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bassett Furniture Industries wasn't on the list.
While Bassett Furniture Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
