According to Zacks, “Bassett Furniture Industries, Inc. is a leading manufacturer and marketer of high quality, mid-priced home furnishings. With over one hundred and thirty Bassett Furniture Direct stores, Bassett has leveraged its brand name in furniture with a network of licensed and Company-owned stores that focus on providing consumers with a friendly and professional environment for buying furniture and accessories. The Company continues to sell its products to other retailers, in addition to the Company’s dedicated retail store program. Bassett’s retail strategy promotes affordable custom-built furniture that is ready for delivery in the home within thirty days. The stores also feature the latest on-trend furniture styles, more than one thousand upholstery fabrics, free in-home design visits, and coordinated decorating accessories. “
Bassett Furniture Industries (NASDAQ:BSET) opened at 23.20 on Monday. The company has a 50-day moving average price of $24.78 and a 200 day moving average price of $27.43. The company has a market capitalization of $250.58 million, a PE ratio of 15.36 and a beta of 1.04. Bassett Furniture Industries has a 12 month low of $22.42 and a 12 month high of $33.68.
Bassett Furniture Industries (NASDAQ:BSET) last announced its quarterly earnings data on Thursday, September 29th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by $0.01. Bassett Furniture Industries had a return on equity of 9.42% and a net margin of 3.80%. The company had revenue of $104.70 million for the quarter. During the same quarter in the prior year, the company posted $0.40 EPS. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. On average, equities research analysts forecast that Bassett Furniture Industries will post $1.45 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. Bank of Montreal Can bought a new stake in shares of Bassett Furniture Industries during the second quarter worth about $136,000. Landscape Capital Management L.L.C. bought a new stake in shares of Bassett Furniture Industries during the second quarter worth about $218,000. Deere & Co. bought a new stake in shares of Bassett Furniture Industries during the second quarter worth about $237,000. Smith Asset Management Group LP boosted its stake in shares of Bassett Furniture Industries by 69.8% in the second quarter. Smith Asset Management Group LP now owns 9,970 shares of the company’s stock worth $239,000 after buying an additional 4,100 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Bassett Furniture Industries by 16.5% in the second quarter. KBC Group NV now owns 10,945 shares of the company’s stock worth $262,000 after buying an additional 1,553 shares in the last quarter. Institutional investors own 71.64% of the company’s stock.
Bassett Furniture Industries Company Profile
Bassett Furniture Industries, Incorporated is a manufacturer, importer and retailer of home furnishings. The Company’s segments include Wholesale, Retail – Company-owned stores and Logistical services. Its wholesale home furnishings segment is involved in the design, manufacture, sourcing, sale and distribution of furniture products to a network of Bassett stores (licensee-owned stores and Company-owned stores) and independent furniture retailers.
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