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NASDAQ:BSETBassett Furniture Industries Stock Price, Forecast & News

$6.37
+0.21 (+3.41 %)
(As of 05/22/2020 04:00 PM ET)
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Today's Range
$5.76
Now: $6.37
$6.38
50-Day Range
$4.35
MA: $5.69
$7.60
52-Week Range
$4.25
Now: $6.37
$18.24
Volume71,520 shs
Average Volume102,595 shs
Market Capitalization$63.57 million
P/E RatioN/A
Dividend Yield7.85%
Beta1.51
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: 2.5Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.21 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$452.09 million
Cash Flow$1.98 per share
Book Value$17.67 per share

Profitability

Net Income$-1,930,000.00

Miscellaneous

Employees2,555
Market Cap$63.57 million
Next Earnings Date7/7/2020 (Estimated)
OptionableOptionable

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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 Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, BSET shares have decreased by 17.6% and is now trading at $6.37. 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 Tuesday, July 7th 2020. View our earnings forecast for Bassett Furniture Industries.

How were Bassett Furniture Industries' earnings last quarter?

Bassett Furniture Industries Inc. (NASDAQ:BSET) announced its earnings results on Thursday, April, 2nd. The company reported $0.12 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.02 by $0.10. The firm earned $112.12 million during the quarter, compared to the consensus estimate of $112.95 million. Bassett Furniture Industries had a positive return on equity of 2.51% and a negative net margin of 0.30%. 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, March 12th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.125 per share on Friday, May 29th. This represents a $0.50 annualized dividend and a dividend yield of 7.85%. The ex-dividend date is Thursday, May 14th. View Bassett Furniture Industries' dividend history.

What price target have analysts set for BSET?

1 analysts have issued 12 month price objectives for Bassett Furniture Industries' stock. Their forecasts range from $5.00 to $5.00. On average, they expect Bassett Furniture Industries' share price to reach $5.00 in the next year. This suggests that the stock has a possible downside of 21.5%. View analysts' price targets for Bassett Furniture Industries.

Has Bassett Furniture Industries been receiving favorable news coverage?

Media stories about BSET stock have trended somewhat negative on Sunday, InfoTrie reports. The research firm rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. 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 coverage optimism score of -1.0 on InfoTrie's scale. They also gave headlines about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next few days. View the latest news aboutBassett Furniture Industries.

Are investors shorting Bassett Furniture Industries?

Bassett Furniture Industries saw a increase in short interest in May. As of May 15th, there was short interest totaling 301,900 shares, an increase of 89.4% from the April 30th total of 159,400 shares. Based on an average daily volume of 100,100 shares, the short-interest ratio is currently 3.0 days. Currently, 3.3% of the company's shares are sold short. 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 retail and institutional investors. Top institutional shareholders include Gamco Investors INC. ET AL (8.84%), BlackRock Inc. (8.61%), Foundry Partners LLC (2.45%), Teton Advisors Inc. (2.24%), Gabelli Funds LLC (2.16%) and Geode Capital Management LLC (1.32%). 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 major investors are selling Bassett Furniture Industries stock?

BSET stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, JPMorgan Chase & Co., Grantham Mayo Van Otterloo & Co. LLC, Russell Investments Group Ltd., Parametric Portfolio Associates LLC, Westhampton Capital LLC, Teton Advisors Inc., and BlackRock Inc.. View insider buying and selling activity for Bassett Furniture Industries.

Which major investors are buying Bassett Furniture Industries stock?

BSET stock was purchased by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Gamco Investors INC. ET AL, Two Sigma Advisers LP, Engineers Gate Manager LP, Advisor Group Holdings Inc., Two Sigma Investments LP, Invesco Ltd., and Geode Capital Management 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 $6.37.

How big of a company is Bassett Furniture Industries?

Bassett Furniture Industries has a market capitalization of $63.57 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 5/24/2020 by MarketBeat.com Staff

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