Bassett Furniture Industries (NASDAQ:BSET - Get Free Report)'s stock had its "hold (c)" rating reissued by Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.
A number of other brokerages also recently issued reports on BSET. Wall Street Zen downgraded Bassett Furniture Industries from a "buy" rating to a "hold" rating in a research report on Saturday, October 18th. Sidoti upgraded Bassett Furniture Industries to a "strong-buy" rating in a research report on Thursday, October 9th. Finally, Zacks Research downgraded Bassett Furniture Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy".
Check Out Our Latest Stock Analysis on BSET
Bassett Furniture Industries Stock Down 1.4%
Shares of BSET traded down $0.21 during mid-day trading on Friday, reaching $15.29. The company had a trading volume of 11,837 shares, compared to its average volume of 31,814. Bassett Furniture Industries has a 52-week low of $13.58 and a 52-week high of $19.75. The stock has a market capitalization of $132.87 million, a P/E ratio of 16.99, a PEG ratio of 1.19 and a beta of 1.01. The stock has a 50 day moving average of $16.07 and a two-hundred day moving average of $16.55.
Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last issued its earnings results on Wednesday, October 8th. The company reported $0.09 EPS for the quarter, hitting analysts' consensus estimates of $0.09. Bassett Furniture Industries had a return on equity of 4.67% and a net margin of 2.35%.The firm had revenue of $80.10 million for the quarter, compared to the consensus estimate of $79.89 million. During the same quarter in the prior year, the business earned ($0.52) earnings per share. On average, sell-side analysts expect that Bassett Furniture Industries will post 0.75 earnings per share for the current year.
Hedge Funds Weigh In On Bassett Furniture Industries
A number of hedge funds have recently made changes to their positions in the company. Group One Trading LLC acquired a new position in shares of Bassett Furniture Industries during the second quarter valued at approximately $30,000. Empowered Funds LLC increased its holdings in shares of Bassett Furniture Industries by 7.9% in 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 during the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of 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 valued at $8,720,000 after purchasing an additional 2,200 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Bassett Furniture Industries in the second quarter valued at approximately $68,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Bassett Furniture Industries in the second quarter valued at approximately $83,000. Institutional investors and hedge funds own 54.40% of the company's stock.
Bassett Furniture Industries Company Profile
(
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.
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