StockNews.com upgraded shares of Bassett Furniture Industries (NASDAQ:BSET - Free Report) from a hold rating to a buy rating in a report issued on Friday morning.
Bassett Furniture Industries Stock Performance
Shares of BSET stock opened at $14.62 on Friday. The company has a market capitalization of $128.66 million, a PE ratio of -7.50, a price-to-earnings-growth ratio of 1.08 and a beta of 1.69. Bassett Furniture Industries has a 52-week low of $12.10 and a 52-week high of $16.00. The business's fifty day moving average is $14.23 and its 200 day moving average is $14.02.
Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.33. Bassett Furniture Industries had a negative return on equity of 3.47% and a negative net margin of 5.00%. On average, sell-side analysts forecast that Bassett Furniture Industries will post -0.77 EPS for the current fiscal year.
Bassett Furniture Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend is Friday, February 14th. Bassett Furniture Industries's dividend payout ratio (DPR) is currently -41.03%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Bassett Furniture Industries stock. Barclays PLC grew its position in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) by 51.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,124 shares of the company's stock after purchasing an additional 3,459 shares during the period. Barclays PLC owned about 0.12% of Bassett Furniture Industries worth $146,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 54.40% of the company's stock.
About Bassett Furniture Industries
(
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Bassett Furniture Industries, Incorporated, together with its subsidiaries, manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail Company-Owned Stores, and Corporate and Other. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products, including dining, bedroom and bedding, home decorations, rugs, and outdoor furniture to a network of company-owned retail stores, licensee-owned stores, and independent retailers.
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