S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
This Stock Could Go Up 66% or More. (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
This Stock Could Go Up 66% or More. (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
This Stock Could Go Up 66% or More. (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
This Stock Could Go Up 66% or More. (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
This Stock Could Go Up 66% or More. (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
This Stock Could Go Up 66% or More. (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
This Stock Could Go Up 66% or More. (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
This Stock Could Go Up 66% or More. (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
NASDAQ:BSET

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

$14.65
+0.35 (+2.45%)
(As of 09/29/2023 ET)
Compare
Today's Range
$13.75
$14.65
50-Day Range
$13.79
$17.64
52-Week Range
$13.30
$19.99
Volume
48,511 shs
Average Volume
20,819 shs
Market Capitalization
$129.51 million
P/E Ratio
22.54
Dividend Yield
4.91%
Price Target
N/A

Bassett Furniture Industries MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
1.00% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.72mentions of Bassett Furniture Industries in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3,400.00%
From $0.05 to $1.75 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.61 out of 5 stars

Consumer Discretionary Sector

74th out of 262 stocks

Wood Household Furniture Industry

1st out of 3 stocks


BSET stock 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 two segments: Wholesale and Retail company-owned Stores. 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 26, 2022, it operated a network of 58 company-owned stores and 33 licensee-owned stores. It also provides 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, and Bassett galleries or design centers, as well as sells its products online. Bassett Furniture Industries, Incorporated was founded in 1902 and is based in Bassett, Virginia.

BSET Price History

BSET Stock News Headlines

[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software"
The Washington Post Reports it's: "A revolution in warfare." The Sunday Times Reports it's: "a revolutionary power." Early investors can reap 5,633% gains as England, Germany, Japan and Australia rush to sign contracts. Get the name of the stock here >>>
Bassett (BSET) to Post Q3 Earnings: What's in the Offing?
Bassett Furniture Sees 3Q Sales Drop, Expects Loss
Are "The Magnificent Seven" the Next Sears?
The former retail giant’s sales once accounted for 1% of the U.S. economy. Now it’s nearly extinct. Will the same happen to big tech? Learn more here.
Is Lowe's Companies (LOW) a Buy After Earnings?
Bassett Increases Quarterly Dividend by 12.5%
Bassett Furniture (BSET) Beats Q2 Earnings Estimates
Bear of the Day: Bassett Furniture (BSET)
Bassett Furniture (BSET) Q1 Earnings Lag Estimates
See More Headlines
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.

BSET Company Calendar

Ex-Dividend for 8/25 Dividend
8/10/2023
Dividend Payable
8/25/2023
Last Earnings
9/28/2023
Today
9/30/2023
Fiscal Year End
11/30/2023
Next Earnings (Estimated)
1/23/2024

Industry, Sector and Symbol

Industry
Wood household furniture
Sub-Industry
Home Furnishings
Current Symbol
NASDAQ:BSET
CUSIP
07020310
Employees
1,561
Year Founded
N/A

Profitability

Net Income
$65.35 million
Pretax Margin
5.07%

Debt

Sales & Book Value

Annual Sales
$485.60 million
Cash Flow
$4.10 per share
Book Value
$21.36 per share

Miscellaneous

Free Float
8,193,000
Market Cap
$129.51 million
Optionable
Optionable
Beta
1.65
7 Energy Stocks to Buy and Hold Forever Cover

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.

Get This Free Report

Key Executives

  • Mr. Robert H. Spilman Jr. (Age 67)
    Pres, CEO & Chairman
    Comp: $908.6k
  • Mr. J. Michael Daniel (Age 61)
    Sr. VP and Chief Financial & Admin. Officer
    Comp: $506.63k
  • Mr. John E. Bassett III (Age 64)
    Sr. VP & Chief Operations Officer
    Comp: $504.62k
  • Mr. Bruce R. Cohenour (Age 65)
    Sr. VP & Chief Sales Officer
    Comp: $625.67k
  • Mr. David C. BakerMr. David C. Baker (Age 62)
    Sr. VP & Chief Retail Officer
    Comp: $427.26k
  • Brian W. Claspell
    VP & Chief Information Officer
  • Mr. Jay R. Hervey Esq. (Age 63)
    VP, Sec. & Gen. Counsel
  • Peter D. Morrison
    VP, VP of Communications & Chief Creative Officer
  • Edward H. White
    VP of HR
  • Mr. Mark S. Jordan (Age 69)
    Sr. VP of Upholstery













BSET Stock - 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 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.

How have BSET shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Bassett Furniture Industries?

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
.

When is Bassett Furniture Industries' next earnings date?

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

How were Bassett Furniture Industries' earnings last quarter?

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%.

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

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
.

Is Bassett Furniture Industries a good dividend stock?

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.

What guidance has Bassett Furniture Industries issued on next quarter's earnings?

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.

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

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.

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 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.
Compare Top Brokerages Here.

What is Bassett Furniture Industries' stock price today?

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

How much money does Bassett Furniture Industries make?

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.

How many employees does Bassett Furniture Industries have?

The company employs 1,561 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 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.

This page (NASDAQ:BSET) was last updated on 10/1/2023 by MarketBeat.com Staff

My Account -