Sidoti Csr Has Positive Estimate for BSET FY2025 Earnings

Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) - Equities research analysts at Sidoti Csr increased their FY2025 EPS estimates for Bassett Furniture Industries in a research note issued to investors on Thursday, July 10th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will post earnings per share of $0.95 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.

Separately, Wall Street Zen upgraded shares of Bassett Furniture Industries from a "buy" rating to a "strong-buy" rating in a research report on Saturday.

Bassett Furniture Industries Trading Up 2.2%

BSET stock traded up $0.41 during mid-day trading on Friday, hitting $18.71. 42,757 shares of the company were exchanged, compared to its average volume of 24,009. The business has a 50 day simple moving average of $16.43 and a 200-day simple moving average of $15.73. The stock has a market capitalization of $162.59 million, a PE ratio of 64.52, a price-to-earnings-growth ratio of 1.20 and a beta of 1.19. Bassett Furniture Industries has a 1-year low of $12.11 and a 1-year high of $19.75.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last issued its quarterly earnings data on Wednesday, July 9th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.07. The firm 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 1.48%. During the same period last year, the business posted ($0.19) earnings per share.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its stake in shares of 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 buying an additional 2,089 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of 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 worth $8,720,000 after purchasing an additional 2,200 shares during the period. Aristides Capital LLC lifted its holdings in Bassett Furniture Industries by 16.0% in the fourth quarter. Aristides Capital LLC now owns 43,111 shares of the company's stock valued at $596,000 after buying an additional 5,935 shares during the period. Jane Street Group LLC lifted 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 valued at $327,000 after buying an additional 10,037 shares during the period. Finally, Goldman Sachs Group Inc. lifted 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 valued at $379,000 after buying an additional 12,258 shares during the period. 54.40% of the stock is owned by institutional investors.

About Bassett Furniture Industries

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.