Sidoti Research Analysts Lower Earnings Estimates for BSET

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) – Analysts at Sidoti decreased their FY2026 earnings per share (EPS) estimates for shares of Bassett Furniture Industries in a research report issued on Thursday, April 2nd. Sidoti analyst A. Lebiedzinski now forecasts that the company will earn $1.01 per share for the year, down from their prior estimate of $1.03. The consensus estimate for Bassett Furniture Industries’ current full-year earnings is $0.75 per share.

Bassett Furniture Industries (NASDAQ:BSET) last announced its quarterly earnings data on Wednesday, April 1st. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). Bassett Furniture Industries had a net margin of 1.61% and a return on equity of 3.47%. The business had revenue of $80.34 million during the quarter, compared to analysts’ expectations of $84.38 million.

Several other equities analysts have also weighed in on BSET. Wall Street Zen lowered shares of Bassett Furniture Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Zacks Research cut Bassett Furniture Industries from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bassett Furniture Industries in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Bassett Furniture Industries Price Performance

NASDAQ BSET opened at $14.02 on Friday. The business’s 50-day simple moving average is $14.94 and its 200-day simple moving average is $15.55. The firm has a market capitalization of $121.27 million, a P/E ratio of 22.61, a P/E/G ratio of 0.92 and a beta of 0.95. Bassett Furniture Industries has a 1-year low of $13.17 and a 1-year high of $19.75.

Bassett Furniture Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Friday, May 15th. Bassett Furniture Industries’s dividend payout ratio is 114.29%.

Institutional Investors Weigh In On Bassett Furniture Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of Bassett Furniture Industries by 114.3% during the second quarter. Geode Capital Management LLC now owns 190,182 shares of the company’s stock worth $2,892,000 after purchasing an additional 101,448 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new position in shares of Bassett Furniture Industries in the 3rd quarter worth approximately $597,000. Hsbc Holdings PLC bought a new stake in shares of Bassett Furniture Industries in the 4th quarter valued at approximately $465,000. Squarepoint Ops LLC bought a new stake in shares of Bassett Furniture Industries in the 3rd quarter valued at approximately $414,000. Finally, Aegis Financial Corp raised its position in shares of Bassett Furniture Industries by 5.3% during the 4th quarter. Aegis Financial Corp now owns 501,119 shares of the company’s stock valued at $8,399,000 after acquiring an additional 25,000 shares in the last quarter. Institutional investors own 54.40% of the company’s stock.

More Bassett Furniture Industries News

Here are the key news stories impacting Bassett Furniture Industries this week:

• Positive Sentiment: Bassett announced a $1.5M–$2M annual cost?savings program to begin in late Q2, a near?term margin support action that may help offset lower sales. Bassett outlines $1.5M-$2M annual savings plan starting late Q2 as Q1 sales fall 2.2%
• Positive Sentiment: The company maintains a strong balance sheet (roughly $51M cash, no debt reported), which gives it financial flexibility to weather softer demand and execute restructuring. Bassett Furniture: Cheap For A Reason As Industry Weakens
• Neutral Sentiment: Management held an earnings call and published the transcript that discusses demand trends, inventory and the cost plan — useful for hearing management’s near?term outlook and any forward guidance color. Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Official Q1 results and press release provide the detailed numbers and supplemental commentary from Bassett on sales channels and inventory. Investors should review the release for any guidance updates. Bassett Reports Fiscal First Quarter Results
• Negative Sentiment: Q1 results missed expectations: EPS $0.13 vs. consensus ~ $0.19 and revenue $80.3M vs. ~$84.4M — a clear near?term earnings and sales disappointment driving the stock lower. Bassett Furniture shares slip on Q1 earnings, revenue miss
• Negative Sentiment: Analysts have started trimming estimates after the print (Sidoti cut forecasts), which can pressure the stock until growth or margin trends stabilize. Sidoti Analysts Lower Earnings Estimates for BSET
• Negative Sentiment: Industry commentary and analyst write?ups highlight weakening demand and a drop in operating cash flow (adjusted OCF ~ $3.4M), suggesting near?term pressure on profit conversion until sales recover. Bassett Furniture: Cheap For A Reason As Industry Weakens

Bassett Furniture Industries Company Profile

Bassett Furniture Industries, Inc (NASDAQ: BSET), headquartered in Bassett, Virginia, is a vertically integrated manufacturer and retailer of residential home furnishings. The company designs, produces and markets a range of furniture items, including upholstered seating, wood case goods, bedroom collections, dining room sets and home décor accessories. Bassett is known for its emphasis on craftsmanship, offering both ready-to-assemble pieces and made-to-order products that cater to varying design preferences and space requirements.

Bassett’s products are sold through a dual-channel distribution network comprising company-owned Bassett Home Furnishings stores, a franchise and independent dealer network, and an e-commerce platform that provides online shopping, virtual design consultations and customization tools.