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

Bassett Furniture Industries' stock was trading at $17.38 on January 1st, 2023. Since then, BSET shares have decreased by 20.9% and is now trading at $13.75.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, June 29th 2023.
View our BSET earnings forecast.

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) announced its quarterly earnings results on Thursday, March, 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by $0.02. The business earned $107.70 million during the quarter, compared to analysts' expectations of $105.47 million. Bassett Furniture Industries had a net margin of 12.88% and a trailing twelve-month return on equity of 11.63%.

Bassett Furniture Industries declared a quarterly dividend on Thursday, March 9th. Stockholders of record on Friday, May 12th will be given a dividend of $0.16 per share on Friday, May 26th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Thursday, May 11th.
Read our dividend analysis for BSET.

First Trust Dow Jones Select Microcap Index Fund holds 21,923 shares of BSET stock, representing 0.27% of its portfolio.

Bassett Furniture Industries (NASDAQ:BSET) pays an annual dividend of $0.64 per share and currently has a dividend yield of 4.64%. 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 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 9.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BSET will have a dividend payout ratio of 33.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BSET.

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."

Bassett Furniture Industries' stock is owned by many different retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (8.51%), Gamco Investors INC. ET AL (6.56%), Renaissance Technologies LLC (4.22%), Aegis Financial Corp (3.25%), LSV Asset Management (2.42%) and Victory Capital Management Inc. (1.16%). Insiders that own company stock include David C Baker, John Michael Daniel, Robert H Spilman Jr, William C Wampler Jr and William C Warden Jr.
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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 $13.75.

Bassett Furniture Industries (NASDAQ:BSET) has a market capitalization of $122.79 million and generates $485.60 million in revenue each year. The company earns $65.35 million in net income (profit) each year or $6.47 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.