Bassett Furniture Industries (BSET) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bassett Furniture Industries in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" BSET shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BSET, but not buy additional shares or sell existing shares.
View BSET analyst ratings or view top-rated stocks.

Bassett Furniture Industries' stock was trading at $17.38 on January 1st, 2023. Since then, BSET stock has decreased by 15.7% and is now trading at $14.65.
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Bassett Furniture Industries saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 81,900 shares, a decline of 9.3% from the August 31st total of 90,300 shares. Based on an average daily trading volume, of 19,800 shares, the days-to-cover ratio is currently 4.1 days. Currently, 1.0% of the company's shares are sold short.
View Bassett Furniture Industries' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 23rd 2024.
View our BSET earnings forecast.

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) posted its quarterly earnings results on Thursday, September, 28th. The company reported ($0.30) EPS for the quarter, topping analysts' consensus estimates of ($0.59) by $0.29. The company earned $87.22 million during the quarter, compared to the consensus estimate of $86.95 million. Bassett Furniture Industries had a trailing twelve-month return on equity of 2.93% and a net margin of 1.43%.

Bassett Furniture Industries declared a quarterly dividend on Wednesday, July 12th. Stockholders of record on Friday, August 11th will be paid a dividend of $0.18 per share on Friday, August 25th. This represents a $0.72 annualized dividend and a yield of 4.91%. The ex-dividend date is Thursday, August 10th. This is an increase from the stock's previous quarterly dividend of $0.16.
Read our dividend analysis for BSET.

Bassett Furniture Industries (NASDAQ:BSET) pays an annual dividend of $0.72 per share and currently has a dividend yield of 5.03%. BSET has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 110.77%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, BSET will have a dividend payout ratio of 41.14% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BSET.

Bassett Furniture Industries updated its third quarter 2023 earnings guidance on Wednesday, September, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $87.00 million-$87.00 million, compared to the consensus revenue estimate of $98.86 million.

110 employees have rated Bassett Furniture Industries Chief Executive Officer Rob Spilman Jr. on Glassdoor.com. Rob Spilman Jr. has an approval rating of 95% among the company's employees. This puts Rob Spilman Jr. in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 74.0% of employees surveyed would recommend working at Bassett Furniture Industries to a friend.

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).

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

Shares of BSET stock 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.
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One share of BSET stock can currently be purchased for approximately $14.65.

Bassett Furniture Industries (NASDAQ:BSET) has a market capitalization of $129.51 million and generates $485.60 million in revenue each year. The company earns $65.35 million in net income (profit) each year or $0.65 on an earnings per share basis.

The company employs 1,561 workers across the globe.

Bassett Furniture Industries' mailing address is 3525 FAIRYSTONE PARK HIGHWAY, BASSETT VA, 24055. The official website for the company 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.