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NASDAQ:BSET

Bassett Furniture Industries Stock Forecast, Price & News

$13.68
-0.02 (-0.15 %)
(As of 09/30/2020 12:00 AM ET)
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Today's Range
$13.26
Now: $13.68
$14.28
50-Day Range
$9.13
MA: $12.17
$14.22
52-Week Range
$4.25
Now: $13.68
$18.24
Volume96,020 shs
Average Volume100,449 shs
Market Capitalization$136.73 million
P/E RatioN/A
Dividend Yield5.99%
Beta1.76
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: 1.7Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.92 out of 5 stars


Industry, Sector and Symbol

Industry Wood household furniture
Sub-IndustryHome Furnishings
Current SymbolNASDAQ:BSET
CUSIP07020310
Phone276-629-6000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$452.09 million
Cash Flow$2.07 per share
Book Value$17.67 per share

Profitability

Net Income$-1,930,000.00

Miscellaneous

Employees2,555
Market Cap$136.73 million
Next Earnings Date10/1/2020 (Estimated)
OptionableOptionable
$13.68
-0.02 (-0.15 %)
(As of 09/30/2020 12:00 AM 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 Coronavirus (COVID-19)?

Bassett Furniture Industries' stock was trading at $7.73 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BSET shares have increased by 77.0% and is now trading at $13.68.
View which stocks have been most impacted by COVID-19
.

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) issued its earnings results on Thursday, July, 9th. The company reported ($0.52) EPS for the quarter, topping the Zacks' consensus estimate of ($0.58) by $0.06. The company 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. Investors of record on Friday, August 14th will be given a dividend of $0.08 per share on Friday, August 28th. This represents a $0.32 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Thursday, August 13th.
View Bassett Furniture Industries' dividend history
.

What price target have analysts set for BSET?

1 Wall Street analysts have issued 1 year target prices for Bassett Furniture Industries' stock. Their forecasts range from $5.00 to $5.00. On average, they expect Bassett Furniture Industries' stock price to reach $5.00 in the next year. This suggests that the stock has a possible downside of 63.5%.
View analysts' price targets for Bassett Furniture Industries
.

Are investors shorting Bassett Furniture Industries?

Bassett Furniture Industries saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 128,300 shares, a drop of 10.0% from the August 31st total of 142,500 shares. Based on an average daily trading volume, of 112,800 shares, the short-interest ratio is currently 1.1 days. Currently, 1.4% of the shares of the company are sold short.
View Bassett Furniture Industries' Short Interest
.

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), 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).

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."

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 $13.68.

How big of a company is Bassett Furniture Industries?

Bassett Furniture Industries has a market capitalization of $136.73 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 10/1/2020 by MarketBeat.com Staff

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