Sidoti Analysts Increase Earnings Estimates for BSET

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) – Research analysts at Sidoti increased their FY2026 earnings per share estimates for shares of Bassett Furniture Industries in a research report issued on Thursday, July 2nd. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $0.91 for the year, up from their prior estimate of $0.90. The consensus estimate for Bassett Furniture Industries’ current full-year earnings is $0.82 per share.

Bassett Furniture Industries (NASDAQ:BSET) last announced its earnings results on Wednesday, July 1st. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. Bassett Furniture Industries had a net margin of 1.65% and a return on equity of 3.56%. The company had revenue of $83.75 million for the quarter, compared to analysts’ expectations of $83.32 million. During the same quarter in the previous year, the company posted $0.22 EPS.

A number of other research firms have also weighed in on BSET. Wall Street Zen upgraded shares of Bassett Furniture Industries from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings raised shares of Bassett Furniture Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Zacks Research upgraded Bassett Furniture Industries from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Bassett Furniture Industries currently has a consensus rating of “Moderate Buy”.

Bassett Furniture Industries Stock Up 7.7%

Shares of NASDAQ BSET opened at $20.23 on Friday. The firm has a 50-day simple moving average of $15.19 and a 200-day simple moving average of $15.37. The stock has a market capitalization of $174.99 million, a price-to-earnings ratio of 31.61, a price-to-earnings-growth ratio of 1.42 and a beta of 0.76. Bassett Furniture Industries has a 52 week low of $13.17 and a 52 week high of $20.99.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BSET. Russell Investments Group Ltd. increased its position in Bassett Furniture Industries by 95.3% during the fourth quarter. Russell Investments Group Ltd. now owns 1,504 shares of the company’s stock worth $25,000 after purchasing an additional 734 shares during the last quarter. Group One Trading LLC purchased a new stake in Bassett Furniture Industries in the second quarter valued at $30,000. Motiv8 Investments LLC acquired a new position in shares of Bassett Furniture Industries in the 4th quarter valued at $42,000. Nalls Sherbakoff Group LLC acquired a new position in shares of Bassett Furniture Industries in the 4th quarter valued at $46,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Bassett Furniture Industries during the 2nd quarter worth $68,000. Institutional investors and hedge funds own 54.40% of the company’s stock.

About Bassett Furniture Industries

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.