Bassett Furniture Industries (NASDAQ:BSET) Upgraded to Strong-Buy at Wall Street Zen

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Saturday.

Bassett Furniture Industries Stock Down 4.4%

Shares of NASDAQ:BSET opened at $18.30 on Friday. The company has a market capitalization of $159.21 million, a price-to-earnings ratio of 63.10, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19. Bassett Furniture Industries has a 52 week low of $12.11 and a 52 week high of $19.75. The firm has a 50 day moving average of $16.43 and a 200 day moving average of $15.70.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last issued its quarterly earnings data on Wednesday, July 9th. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.07. The company had revenue of $84,348 billion during the quarter, compared to the consensus estimate of $82.03 million. Bassett Furniture Industries had a net margin of 0.76% and a return on equity of 1.49%. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. On average, sell-side analysts expect that Bassett Furniture Industries will post 0.75 EPS for the current year.

Hedge Funds Weigh In On Bassett Furniture Industries

Large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in Bassett Furniture Industries by 97.4% in the first quarter. Goldman Sachs Group Inc. now owns 24,840 shares of the company's stock worth $379,000 after purchasing an additional 12,258 shares during the last quarter. Jane Street Group LLC grew its holdings in Bassett Furniture Industries by 87.9% in the first quarter. Jane Street Group LLC now owns 21,454 shares of the company's stock worth $327,000 after purchasing an additional 10,037 shares during the last quarter. Empowered Funds LLC grew its holdings in Bassett Furniture Industries by 7.9% in the first quarter. Empowered Funds LLC now owns 28,643 shares of the company's stock worth $437,000 after purchasing an additional 2,089 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in Bassett Furniture Industries by 0.4% in the first quarter. Gamco Investors INC. ET AL now owns 571,777 shares of the company's stock worth $8,720,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Truffle Hound Capital LLC grew its holdings in Bassett Furniture Industries by 49.3% in the first quarter. Truffle Hound Capital LLC now owns 298,520 shares of the company's stock worth $4,552,000 after purchasing an additional 98,520 shares during the last quarter. Institutional investors own 54.40% of the company's stock.

Bassett Furniture Industries Company Profile

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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