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NASDAQ:BSET

Bassett Furniture Industries - BSET Stock Forecast, Price & News

$17.92
-0.02 (-0.11%)
(As of 12/8/2022 01:50 PM ET)
Add
Compare
Today's Range
$17.92
$18.05
50-Day Range
$15.55
$19.26
52-Week Range
$13.16
$24.12
Volume
966 shs
Average Volume
26,323 shs
Market Capitalization
$164.15 million
P/E Ratio
2.62
Dividend Yield
3.52%
Price Target
N/A

Bassett Furniture Industries MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
1.94% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.62mentions of Bassett Furniture Industries in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$167,750 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

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

3.16 out of 5 stars

Consumer Discretionary Sector

11th out of 266 stocks

Wood Household Furniture Industry

1st out of 2 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 three segments: Wholesale, Retail -company-owned Stores, and Logistical Services. 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 27, 2021, it operated a network of 63 company-owned stores and 34 licensee-owned stores. It also provides shipping, 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, mass merchants, and specialty stores, as well as sells its products online. Bassett Furniture Industries, Incorporated was incorporated in 1902 and is based in Bassett, Virginia.

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BSET Stock News Headlines

Bassett Furniture rejects latest CSC acquisition offer
Bassett Comments on Proposal by CSC Generation Holdings
Bassett Announces Purchase of Noa Home Inc.
See More Headlines
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BSET Company Calendar

Last Earnings
9/29/2022
Ex-Dividend for 11/25 Dividend
11/09/2022
Dividend Payable
11/25/2022
Today
12/08/2022
Next Earnings (Estimated)
1/30/2023
Fiscal Year End
11/30/2023

Industry, Sector and Symbol

Industry
Wood household furniture
Sub-Industry
Home Furnishings
Current Symbol
NASDAQ:BSET
CUSIP
07020310
Employees
2,219
Year Founded
N/A

Profitability

Net Income
$18.04 million
Pretax Margin
6.83%

Debt

Sales & Book Value

Annual Sales
$486.53 million
Cash Flow
$3.30 per share
Book Value
$16.68 per share

Miscellaneous

Free Float
8,497,000
Market Cap
$164.15 million
Optionable
Optionable
Beta
1.54

Key Executives

  • Mr. Robert H. Spilman Jr. (Age 66)
    Pres, CEO & Chairman
    Comp: $852.89k
  • Mr. J. Michael Daniel (Age 60)
    Sr. VP and Chief Financial & Admin. Officer
    Comp: $459.55k
  • Mr. John E. Bassett III (Age 63)
    Sr. VP & Chief Operations Officer
    Comp: $459.07k
  • Mr. Bruce R. Cohenour (Age 64)
    Sr. VP & Chief Sales Officer
    Comp: $609.95k
  • Mr. David C. BakerMr. David C. Baker (Age 61)
    Sr. VP & Chief Retail Officer
    Comp: $400.82k
  • Brian W. Claspell
    VP & Chief Information Officer
  • Mr. Jay R. Hervey Esq. (Age 62)
    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 68)
    Sr. VP of Upholstery













BSET Stock - Frequently Asked Questions

How have BSET shares performed in 2022?

Bassett Furniture Industries' stock was trading at $16.77 at the beginning of 2022. Since then, BSET stock has increased by 7.0% and is now trading at $17.94.
View the best growth stocks for 2022 here
.

Are investors shorting Bassett Furniture Industries?

Bassett Furniture Industries saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 165,300 shares, a drop of 12.7% from the October 31st total of 189,400 shares. Based on an average daily volume of 55,600 shares, the days-to-cover ratio is currently 3.0 days. Currently, 1.9% of the company's shares are short sold.
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 Monday, January 30th 2023.
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, 29th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.20. The business had revenue of $118.01 million for the quarter, compared to the consensus estimate of $119.65 million. Bassett Furniture Industries had a net margin of 13.22% and a trailing twelve-month return on equity of 13.92%.

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, October 6th. Stockholders of record on Friday, November 11th will be given a dividend of $0.16 per share on Friday, November 25th. This represents a $0.64 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Wednesday, November 9th.
Read our dividend analysis for BSET
.

Is Bassett Furniture Industries a good dividend stock?

Bassett Furniture Industries (NASDAQ:BSET) pays an annual dividend of $0.64 per share and currently has a dividend yield of 3.52%. 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 9.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BSET will have a dividend payout ratio of 38.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BSET.

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."

Who are Bassett Furniture Industries' major shareholders?

Bassett Furniture Industries' stock is owned by many different institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (8.49%), Gamco Investors INC. ET AL (6.49%), Vanguard Group Inc. (4.53%), Renaissance Technologies LLC (4.45%), Victory Capital Management Inc. (2.09%) and BlackRock Inc. (2.01%). Insiders that own company stock include David C Baker, John R Belk, Robert H Spilman Jr, William C Wampler Jr and William C Warden Jr.
View institutional ownership trends
.

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 $17.94.

How much money does Bassett Furniture Industries make?

Bassett Furniture Industries (NASDAQ:BSET) has a market capitalization of $164.33 million and generates $486.53 million in revenue each year. The company earns $18.04 million in net income (profit) each year or $6.85 on an earnings per share basis.

How many employees does Bassett Furniture Industries have?

The company employs 2,219 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 12/8/2022 by MarketBeat.com Staff