Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) - Sidoti Csr reduced their Q2 2025 earnings estimates for Bassett Furniture Industries in a research note issued on Wednesday, October 9th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will earn $0.22 per share for the quarter, down from their previous forecast of $0.32. The consensus estimate for Bassett Furniture Industries' current full-year earnings is ($0.55) per share. Sidoti Csr also issued estimates for Bassett Furniture Industries' Q3 2025 earnings at $0.23 EPS and FY2026 earnings at $1.35 EPS.
Bassett Furniture Industries Price Performance
Shares of Bassett Furniture Industries stock remained flat at $13.95 on Monday. The stock had a trading volume of 19,289 shares, compared to its average volume of 18,538. The company has a fifty day moving average of $13.74 and a 200 day moving average of $13.86. Bassett Furniture Industries has a one year low of $12.10 and a one year high of $17.89. The stock has a market capitalization of $123.16 million, a price-to-earnings ratio of -8.06 and a beta of 1.69.
Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) last posted its earnings results on Wednesday, October 9th. The company reported ($0.52) EPS for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.18). The company had revenue of $75.62 million during the quarter, compared to the consensus estimate of $78.63 million. Bassett Furniture Industries had a negative return on equity of 3.40% and a negative net margin of 5.00%. During the same period last year, the company posted ($0.30) EPS.
Institutional Trading of Bassett Furniture Industries
An institutional investor recently raised its position in Bassett Furniture Industries stock. Empowered Funds LLC boosted its holdings in Bassett Furniture Industries, Incorporated (NASDAQ:BSET - Free Report) by 7.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,593 shares of the company's stock after purchasing an additional 1,575 shares during the quarter. Empowered Funds LLC owned about 0.26% of Bassett Furniture Industries worth $333,000 at the end of the most recent quarter. Institutional investors own 54.40% of the company's stock.
Insider Buying and Selling at Bassett Furniture Industries
In other news, Director John R. Belk bought 3,847 shares of the firm's stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $12.70 per share, with a total value of $48,856.90. Following the transaction, the director now owns 41,047 shares of the company's stock, valued at $521,296.90. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders bought 5,324 shares of company stock valued at $67,651. 7.10% of the stock is currently owned by company insiders.
Bassett Furniture Industries Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.73%. The ex-dividend date of this dividend is Friday, November 15th. Bassett Furniture Industries's dividend payout ratio is presently -46.24%.
Bassett Furniture Industries Company Profile
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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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