×
S&P 500   3,831.39
DOW   30,967.82
QQQ   286.96
S&P 500   3,831.39
DOW   30,967.82
QQQ   286.96
S&P 500   3,831.39
DOW   30,967.82
QQQ   286.96
S&P 500   3,831.39
DOW   30,967.82
QQQ   286.96
NASDAQ:BSET

Bassett Furniture Industries Stock Forecast, Price & News

$20.10
+1.27 (+6.74%)
(As of 07/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$18.58
$20.16
50-Day Range
$14.84
$20.10
52-Week Range
$13.16
$27.46
Volume
154,951 shs
Average Volume
151,267 shs
Market Capitalization
$185.93 million
P/E Ratio
3.17
Dividend Yield
2.97%
Price Target
$32.00

Bassett Furniture Industries MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
59.2% Upside
$32.00 Price Target
Short Interest
Bearish
7.28% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.88mentions of Bassett Furniture Industries in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
20.83%
From $1.92 to $2.32 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

3.00 out of 5 stars

Consumer Discretionary Sector

8th out of 405 stocks

Wood Household Furniture Industry

1st out of 3 stocks

30 days | 90 days | 365 days | Advanced Chart

Receive BSET Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Bassett Furniture Industries and its competitors with MarketBeat's FREE daily newsletter.

Bassett Furniture Industries logo

About Bassett Furniture Industries (NASDAQ:BSET) Stock

Bassett Furniture Industries, Incorporated engages in the manufacture, marketing, and retail of home furnishings in the United States and internationally. It operates through three segments: Wholesale, Retail -company-owned Stores, and Logistical Services. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products to a network of company-owned retail stores and licensee-owned stores, and independent furniture retailers; and wood and upholstery operations. As of November 27, 2021, it operated a network of 63 company-owned stores and 34 licensee-owned stores. It also provides shipping, and warehousing services to customers in the furniture industry. In addition, the company owns and leases retail store properties; and distributes its products through other multi-line furniture stores, Bassett galleries or design centers, mass merchants, and specialty stores, as well as sells its products online. Bassett Furniture Industries, Incorporated was incorporated in 1902 and is based in Bassett, Virginia.

BSET Stock News Headlines

Basset Furniture Quietly Proves Its Value 
The entire furniture industry has been in a correction and Basset Furniture (NASDAQ: BSET) was not immune. The correction was driven by historically high valuations, fear of slowing growth, peak-rebound, and a round of COVID-related shutdowns that had manufacturing in key hubs at a standstill.
The Safest Option in Trades!
If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult. And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves!
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.
4 Top Value Stocks Under $20
J.B. Hunt to Acquire Zenith Freight Lines from Bassett
Bassett Furniture declares $0.14 dividend
Bassett Furniture Reports Mixed Q3 Earnings
Bassett Announces Fiscal Third Quarter Results
See More Headlines

Industry, Sector and Symbol

Industry
Wood household furniture
Sub-Industry
Home Furnishings
Current Symbol
NASDAQ:BSET
CUSIP
07020310
Employees
2,219
Year Founded
N/A

Company Calendar

Ex-Dividend for 4/6 Dividend
3/22/2022
Dividend Payable
4/06/2022
Ex-Dividend for 5/27 Dividend
5/12/2022
Dividend Payable
5/27/2022
Last Earnings
6/30/2022
Today
7/05/2022
Next Earnings (Estimated)
9/29/2022
Fiscal Year End
11/30/2022

Price Target and Rating

Average Stock Price Forecast
$32.00
High Stock Price Forecast
$32.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+59.2%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
1 Analysts

Profitability

Net Income
$18.04 million
Pretax Margin
5.73%

Debt

Sales & Book Value

Annual Sales
$486.53 million
Cash Flow
$3.57 per share
Book Value
$20.56 per share

Miscellaneous

Free Float
8,581,000
Market Cap
$185.93 million
Optionable
Optionable
Beta
1.39














Bassett Furniture Industries Frequently Asked Questions

Should I buy or sell Bassett Furniture Industries stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bassett Furniture Industries in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Bassett Furniture Industries stock.
View analyst ratings for Bassett Furniture Industries
or view top-rated stocks.

What is Bassett Furniture Industries' stock price forecast for 2022?

1 equities research analysts have issued 12-month price objectives for Bassett Furniture Industries' shares. Their BSET stock forecasts range from $32.00 to $32.00. On average, they anticipate Bassett Furniture Industries' stock price to reach $32.00 in the next twelve months. This suggests a possible upside of 59.2% from the stock's current price.
View analysts' price targets for Bassett Furniture Industries
or view top-rated stocks among Wall Street analysts.

How has Bassett Furniture Industries' stock performed in 2022?

Bassett Furniture Industries' stock was trading at $16.77 on January 1st, 2022. Since then, BSET stock has increased by 19.9% and is now trading at $20.10.
View the best growth stocks for 2022 here
.

When is Bassett Furniture Industries' next earnings date?

Bassett Furniture Industries is scheduled to release its next quarterly earnings announcement on Thursday, September 29th 2022.
View our earnings forecast for Bassett Furniture Industries
.

How were Bassett Furniture Industries' earnings last quarter?

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) posted its earnings results on Thursday, June, 30th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.45 by $0.36. Bassett Furniture Industries had a net margin of 12.26% and a trailing twelve-month return on equity of 11.84%.
View Bassett Furniture Industries' earnings history
.

How often does Bassett Furniture Industries pay dividends? What is the dividend yield for Bassett Furniture Industries?

Bassett Furniture Industries announced a quarterly dividend on Monday, March 14th. Stockholders of record on Friday, May 13th will be paid a dividend of $0.14 per share on Friday, May 27th. This represents a $0.56 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Thursday, May 12th.
View Bassett Furniture Industries' dividend history
.

Is Bassett Furniture Industries a good dividend stock?

Bassett Furniture Industries(NASDAQ:BSET) pays an annual dividend of $0.56 per share and currently has a dividend yield of 2.97%. Bassett Furniture Industries does not yet have a strong track record of dividend growth. The dividend payout ratio of Bassett Furniture Industries is 8.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Bassett Furniture Industries will have a dividend payout ratio of 24.14% next year. This indicates that Bassett Furniture Industries will be able to sustain or increase its dividend.
View Bassett Furniture Industries' dividend history.

Who are Bassett Furniture Industries' key executives?

Bassett Furniture Industries' management team includes the following people:
  • Mr. Robert H. Spilman Jr., Pres, CEO & Chairman (Age 66, Pay $852.89k)
  • Mr. J. Michael Daniel, Sr. VP and Chief Financial & Admin. Officer (Age 60, Pay $459.55k)
  • Mr. John E. Bassett III, Sr. VP & Chief Operations Officer (Age 63, Pay $459.07k)
  • Mr. Bruce R. Cohenour, Sr. VP & Chief Sales Officer (Age 64, Pay $609.95k)
  • Mr. David C. Baker, Sr. VP & Chief Retail Officer (Age 61, Pay $400.82k) (LinkedIn Profile)
  • Brian W. Claspell, VP & Chief Information Officer
  • Mr. Jay R. Hervey Esq., VP, Sec. & Gen. Counsel (Age 62)
  • Peter D. Morrison, VP, VP of Communications & Chief Creative Officer
  • Edward H. White, VP of HR
  • Mr. Mark S. Jordan, Sr. VP of Upholstery (Age 68)

What is Rob Spilman Jr.'s approval rating as Bassett Furniture Industries' CEO?

89 employees have rated Bassett Furniture Industries CEO Rob Spilman Jr. on Glassdoor.com. Rob Spilman Jr. has an approval rating of 95% among Bassett Furniture Industries' employees. This puts Rob Spilman Jr. in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Bassett Furniture Industries' key competitors?

What other stocks do shareholders of Bassett Furniture Industries own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Bassett Furniture Industries investors own include Ethan Allen Interiors (ETH), Energy Transfer (ET), AT&T (T), Weyerhaeuser (WY), CBL & Associates Properties (CBL), Canadian Natural Resources (CNQ), Cornerstone Total Return Fund (CRF), D.R. Horton (DHI), Ford Motor (F) and Harley-Davidson (HOG).

What is Bassett Furniture Industries' stock symbol?

Bassett Furniture Industries trades on the NASDAQ under the ticker symbol "BSET."

How do I buy shares of Bassett Furniture Industries?

Shares of BSET can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Bassett Furniture Industries' stock price today?

One share of BSET stock can currently be purchased for approximately $20.10.

How much money does Bassett Furniture Industries make?

Bassett Furniture Industries (NASDAQ:BSET) has a market capitalization of $185.93 million and generates $486.53 million in revenue each year. The company earns $18.04 million in net income (profit) each year or $6.34 on an earnings per share basis.

How many employees does Bassett Furniture Industries have?

Bassett Furniture Industries employs 2,219 workers across the globe.

How can I contact Bassett Furniture Industries?

Bassett Furniture Industries' mailing address is 3525 FAIRYSTONE PARK HIGHWAY, BASSETT VA, 24055. The official website for Bassett Furniture Industries is www.bassettfurniture.com. The company can be reached via phone at (276) 629-6000, via email at mdaniel@bassettfurniture.com, or via fax at 276-629-6346.

This page (NASDAQ:BSET) was last updated on 7/6/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer.