Research Analysts Issue Forecasts for BSET FY2025 Earnings

Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) - Equities research analysts at Sidoti Csr upped their FY2025 earnings per share (EPS) estimates for Bassett Furniture Industries in a research note issued on Monday, June 30th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will earn $0.88 per share for the year, up from their previous estimate of $0.70. The consensus estimate for Bassett Furniture Industries' current full-year earnings is $0.75 per share.

Bassett Furniture Industries Trading Up 0.4%

Shares of Bassett Furniture Industries stock traded up $0.07 during trading on Wednesday, hitting $15.64. 37,666 shares of the stock traded hands, compared to its average volume of 22,528. The firm has a market cap of $136.07 million, a P/E ratio of -20.85, a price-to-earnings-growth ratio of 1.36 and a beta of 1.19. The stock's fifty day simple moving average is $16.53 and its 200 day simple moving average is $15.53. Bassett Furniture Industries has a 52-week low of $12.11 and a 52-week high of $19.67.

Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last released its earnings results on Wednesday, April 2nd. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.19. The business had revenue of $82.16 million for the quarter, compared to analyst estimates of $79.71 million. Bassett Furniture Industries had a negative return on equity of 0.68% and a negative net margin of 2.04%. During the same quarter last year, the firm posted ($0.14) earnings per share.

Hedge Funds Weigh In On Bassett Furniture Industries

A number of hedge funds and other institutional investors have recently modified their holdings of BSET. Jane Street Group LLC purchased a new stake in shares of Bassett Furniture Industries during the fourth quarter valued at about $158,000. Goldman Sachs Group Inc. raised its stake in shares of Bassett Furniture Industries by 97.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,840 shares of the company's stock worth $379,000 after acquiring an additional 12,258 shares in the last quarter. 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 valued at $437,000 after acquiring an additional 2,089 shares during the last quarter. Aristides Capital LLC boosted its stake 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 acquiring an additional 5,935 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Bassett Furniture Industries by 192.9% in the first quarter. Bank of New York Mellon Corp now owns 71,138 shares of the company's stock worth $1,085,000 after purchasing an additional 46,847 shares during the last quarter. 54.40% of the stock is currently 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.