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NASDAQ:BSET

Bassett Furniture Industries Stock Forecast, Price & News

$12.40
-0.51 (-3.95 %)
(As of 09/23/2020 12:00 AM ET)
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Today's Range
$12.20
Now: $12.40
$13.53
50-Day Range
$8.95
MA: $11.60
$14.22
52-Week Range
$4.25
Now: $12.40
$18.24
Volume59,212 shs
Average Volume81,911 shs
Market Capitalization$124 million
P/E RatioN/A
Dividend Yield6.35%
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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Bassett Furniture Industries logo

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$1.90 per share
Book Value$17.67 per share

Profitability

Net Income$-1,930,000.00

Miscellaneous

Employees2,555
Market Cap$124 million
Next Earnings Date10/1/2020 (Estimated)
OptionableOptionable
$12.40
-0.51 (-3.95 %)
(As of 09/23/2020 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?

Bassett Furniture Industries' stock was trading at $7.73 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, BSET stock has increased by 60.4% and is now trading at $12.40.
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) released its earnings results on Thursday, July, 9th. The company reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.58) by $0.06. The business had revenue of $63.80 million for the quarter, compared to analysts' expectations of $37.62 million. Bassett Furniture Industries had a negative net margin of 5.54% and a negative return on equity of 0.61%.
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 yield of 2.58%. 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 equities research analysts have issued 12 month price objectives for Bassett Furniture Industries' stock. Their forecasts range from $5.00 to $5.00. On average, they anticipate Bassett Furniture Industries' stock price to reach $5.00 in the next twelve months. This suggests that the stock has a possible downside of 59.7%.
View analysts' price targets for Bassett Furniture Industries
.

Are investors shorting Bassett Furniture Industries?

Bassett Furniture Industries saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 142,500 shares, an increase of 58.3% from the August 15th total of 90,000 shares. Based on an average daily volume of 121,700 shares, the short-interest ratio is presently 1.2 days. Currently, 1.5% of the company's stock 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."

Who are Bassett Furniture Industries' major shareholders?

Bassett Furniture Industries' stock is owned by many different institutional and retail investors. Top institutional investors include Gamco Investors INC. ET AL (8.82%), Foundry Partners LLC (3.99%), Gabelli Funds LLC (2.21%), Bridgeway Capital Management Inc. (1.70%), RBF Capital LLC (1.35%) and Teton Advisors Inc. (1.30%). Company insiders that own Bassett Furniture Industries stock include John R Belk, Mark S Jordan, Robert H Spilman Jr, William C Wampler Jr and William C Warden Jr.
View institutional ownership trends for Bassett Furniture Industries
.

Which major investors are selling Bassett Furniture Industries stock?

BSET stock was sold by a variety of institutional investors in the last quarter, including Teton Advisors Inc., Bank of America Corp DE, Bank of New York Mellon Corp, Grantham Mayo Van Otterloo & Co. LLC, LSV Asset Management, and Gamco Investors INC. ET AL.
View insider buying and selling activity for Bassett Furniture Industries
.

Which major investors are buying Bassett Furniture Industries stock?

BSET stock was bought by a variety of institutional investors in the last quarter, including Foundry Partners LLC, RBF Capital LLC, Trexquant Investment LP, Assenagon Asset Management S.A., Bridgeway Capital Management Inc., Jane Street Group LLC, Russell Investments Group Ltd., and Goldman Sachs Group Inc.. Company insiders that have bought Bassett Furniture Industries stock in the last two years include John R Belk, Robert H Spilman Jr, William C Wampler 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 $12.40.

How big of a company is Bassett Furniture Industries?

Bassett Furniture Industries has a market capitalization of $124 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 9/24/2020 by MarketBeat.com Staff

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