Sidoti Csr Has Positive Estimate for BSET FY2025 Earnings

Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) - Stock analysts at Sidoti Csr boosted their FY2025 earnings estimates for shares of Bassett Furniture Industries in a report released on Thursday, July 10th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will post earnings of $0.95 per share for the year, up from their previous forecast of $0.88. The consensus estimate for Bassett Furniture Industries' current full-year earnings is $0.75 per share.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last posted its quarterly earnings results on Wednesday, July 9th. The company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.07. The business had revenue of $84,348 billion during the quarter, compared to analysts' expectations of $82.03 million. Bassett Furniture Industries had a return on equity of 1.49% and a net margin of 0.76%. During the same quarter last year, the company posted ($0.19) earnings per share.

Bassett Furniture Industries Trading Down 4.4%

Shares of BSET traded down $0.84 during mid-day trading on Friday, reaching $18.30. The company's stock had a trading volume of 96,276 shares, compared to its average volume of 23,938. Bassett Furniture Industries has a 1-year low of $12.11 and a 1-year high of $19.75. The business has a 50-day simple moving average of $16.44 and a two-hundred day simple moving average of $15.67. The stock has a market cap of $159.21 million, a P/E ratio of 63.10, a PEG ratio of 1.26 and a beta of 1.19.

Hedge Funds Weigh In On Bassett Furniture Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of Bassett Furniture Industries during the 4th quarter worth about $158,000. Goldman Sachs Group Inc. raised its holdings in Bassett Furniture Industries by 97.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,840 shares of the company's stock valued at $379,000 after acquiring an additional 12,258 shares during the period. Empowered Funds LLC lifted 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 worth $437,000 after acquiring an additional 2,089 shares during the last quarter. Aristides Capital LLC lifted its position 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 last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Bassett Furniture Industries by 192.9% during the first quarter. Bank of New York Mellon Corp now owns 71,138 shares of the company's stock worth $1,085,000 after acquiring an additional 46,847 shares during the period. 54.40% of the stock is owned by institutional investors.

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.