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NASDAQ:BSETBassett Furniture Industries Stock Price, Forecast & News

-0.13 (-1.43 %)
(As of 08/6/2020 04:00 PM ET)
Today's Range
Now: $8.95
50-Day Range
MA: $7.70
52-Week Range
Now: $8.95
Volume27,123 shs
Average Volume89,193 shs
Market Capitalization$89.50 million
P/E RatioN/A
Dividend Yield4.13%
Bassett Furniture Industries, Incorporated manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail, and Logistical Services. The company engages in the design, manufacture, sourcing, distribution, and sale of furniture products to a network of company-owned and licensee-owned Bassett Home Furnishings retail stores, as well as independent furniture retailers; and wood and upholstery operations. As of January 17, 2019, it operated a network of 100 company- and licensee-owned stores. It also provides shipping, delivery, 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, specialty stores, and mass merchants. Bassett Furniture Industries, Incorporated was founded in 1902 and is based in Bassett, Virginia.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.25 out of 5 stars

Industry, Sector and Symbol

Industry Wood household furniture
Sub-IndustryHome Furnishings
Current SymbolNASDAQ:BSET



Sales & Book Value

Annual Sales$452.09 million
Cash Flow$1.95 per share
Book Value$17.67 per share


Net Income$-1,930,000.00


Market Cap$89.50 million
Next Earnings Date10/1/2020 (Estimated)
-0.13 (-1.43 %)
(As of 08/6/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Bassett Furniture Industries (NASDAQ:BSET) Frequently Asked Questions

How has Bassett Furniture Industries' stock been impacted by COVID-19 (Coronavirus)?

Bassett Furniture Industries' stock was trading at $7.73 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BSET stock has increased by 15.8% and is now trading at $8.95.
View which stocks have been most impacted by Coronavirus

Do Wall Street analysts recommend investors buy shares of Bassett Furniture Industries?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bassett Furniture Industries in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Bassett Furniture Industries

When is Bassett Furniture Industries' next earnings date?

Bassett Furniture Industries is scheduled to release its next quarterly earnings announcement on Thursday, October 1st 2020.
View our earnings forecast for Bassett Furniture Industries

How were Bassett Furniture Industries' earnings last quarter?

Bassett Furniture Industries Inc. (NASDAQ:BSET) released its quarterly earnings data on Thursday, July, 9th. The company reported ($0.52) EPS for the quarter, beating the consensus estimate of ($0.58) by $0.06. The firm earned $63.80 million during the quarter, compared to analysts' expectations of $37.62 million. Bassett Furniture Industries had a negative return on equity of 0.61% and a negative net margin of 5.54%.
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 Thursday, July 16th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.08 per share on Friday, August 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Thursday, August 13th.
View Bassett Furniture Industries' dividend history

What price target have analysts set for BSET?

1 brokerages have issued 12 month target prices for Bassett Furniture Industries' stock. Their forecasts range from $5.00 to $5.00. On average, they anticipate Bassett Furniture Industries' share price to reach $5.00 in the next twelve months. This suggests that the stock has a possible downside of 44.1%.
View analysts' price targets for Bassett Furniture Industries

Has Bassett Furniture Industries been receiving favorable news coverage?

Headlines about BSET stock have trended positive recently, according to InfoTrie. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Bassett Furniture Industries earned a daily sentiment score of 2.1 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term.
View the latest news about Bassett Furniture Industries

Are investors shorting Bassett Furniture Industries?

Bassett Furniture Industries saw a decrease in short interest during the month of July. As of July 15th, there was short interest totaling 143,200 shares, a decrease of 37.4% from the June 30th total of 228,900 shares. Based on an average daily volume of 130,800 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.5% of the shares of the company are short sold.
View Bassett Furniture Industries' Current Options Chain

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 LP Unit (ET), AT&T (T), Ford Motor (F), Weyerhaeuser (WY), CBL & Associates Properties (CBL), D. R. Horton (DHI), Harley-Davidson (HOG), ONEOK (OKE) and AbbVie (ABBV).

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 63)
  • Mr. J. Michael Daniel, SVP & CFO (Age 57)
  • Mr. Bruce R. Cohenour, Sr. VP of Sales & Merchandising (Age 61)
  • Mr. John E. Bassett III, Sr. VP of Wood (Age 60)
  • Mr. Mark S. Jordan, Sr. VP of Upholstery (Age 65)

What is Bassett Furniture Industries' stock symbol?

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

Who are Bassett Furniture Industries' major shareholders?

Bassett Furniture Industries' stock is owned by a number of institutional and retail investors. Top institutional investors include Foundry Partners LLC (3.99%), Assenagon Asset Management S.A. (0.51%), LSV Asset Management (0.41%), Russell Investments Group Ltd. (0.26%) and Westhampton Capital LLC (0.26%). Company insiders that own Bassett Furniture Industries stock include John R Belk, Mark S Jordan, Robert H Spilman Jr and William C Warden Jr.
View institutional ownership trends for Bassett Furniture Industries

Which institutional investors are selling Bassett Furniture Industries stock?

BSET stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management.
View insider buying and selling activity for Bassett Furniture Industries

Which institutional investors are buying Bassett Furniture Industries stock?

BSET stock was acquired by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Assenagon Asset Management S.A., Russell Investments Group Ltd., and Westhampton Capital LLC. Company insiders that have bought Bassett Furniture Industries stock in the last two years include John R Belk, Robert H Spilman Jr, and William C Warden Jr.
View insider buying and selling activity for Bassett Furniture Industries

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Bassett Furniture Industries' stock price today?

One share of BSET stock can currently be purchased for approximately $8.95.

How big of a company is Bassett Furniture Industries?

Bassett Furniture Industries has a market capitalization of $89.50 million and generates $452.09 million in revenue each year. The company earns $-1,930,000.00 in net income (profit) each year or $0.45 on an earnings per share basis. Bassett Furniture Industries employs 2,555 workers across the globe.

What is Bassett Furniture Industries' official website?

The official website for Bassett Furniture Industries is www.bassettfurniture.com.

How can I contact Bassett Furniture Industries?

Bassett Furniture Industries' mailing address is 3525 FAIRYSTONE PARK HIGHWAY, BASSETT VA, 24055. The company can be reached via phone at 276-629-6000 or via email at [email protected]

This page was last updated on 8/7/2020 by MarketBeat.com Staff

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