Bassett Furniture Industries (BSET) Stock Price, News & Analysis

Company Overview

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. The company also distributes its products through multi-line furniture stores, including Bassett galleries or design centers, as well as sells online; and engages in wood and upholstery operations. In addition, it owns and leases land, retail store properties, warehouses, and distribution centers. Bassett Furniture Industries, Incorporated was founded in 1902 and is based in Bassett, Virginia.

Key Stats

• Today's Range: $14.10 to $14.98
• 50-Day Range: $13.80 to $15.20
• 52-Week Range: $12.10 to $17.89
• Volume: 12,710 shs
• Average Volume: 17,728 shs
• Market Capitalization: $131.49 million
• P/E Ratio: N/A
• Dividend Yield: 5.35%
• Price Target: N/A
• Consensus Rating: N/A

Bassett Furniture Industries Stock Analysis - MarketRank™

Bassett Furniture Industries scored higher than 57% of companies evaluated by MarketBeat, and ranked 165th out of 290 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Bassett Furniture Industries.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Bassett Furniture Industries are expected to grow in the coming year, from ($0.77) to $0.80 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Bassett Furniture Industries is -7.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Bassett Furniture Industries is -7.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Bassett Furniture Industries has a P/B Ratio of 0.72. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.63% of the float of Bassett Furniture Industries has been sold short.

Short Interest Ratio / Days to Cover

Bassett Furniture Industries has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bassett Furniture Industries has recently decreased by 5.52%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Bassett Furniture Industries is a leading dividend payer. It pays a dividend yield of 5.56%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Bassett Furniture Industries does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, Bassett Furniture Industries will have a dividend payout ratio of 100.00% in the coming year. This indicates that Bassett Furniture Industries may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.63% of the float of Bassett Furniture Industries has been sold short.

Short Interest Ratio / Days to Cover

Bassett Furniture Industries has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bassett Furniture Industries has recently decreased by 5.52%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.17

News Sentiment

Bassett Furniture Industries has a news sentiment score of 1.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Bassett Furniture Industries this week, compared to 1 article on an average week.

Search Interest

2 people have searched for BSET on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Bassett Furniture Industries insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 7.10% of the stock of Bassett Furniture Industries is held by insiders.

Percentage Held by Institutions

54.40% of the stock of Bassett Furniture Industries is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BSET Stock Analysis - Frequently Asked Questions

How have BSET shares performed this year?

Bassett Furniture Industries' stock was trading at $16.60 at the beginning of the year. Since then, BSET shares have decreased by 10.0% and is now trading at $14.94.
View the best growth stocks for 2024 here.

How were Bassett Furniture Industries' earnings last quarter?

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) released its quarterly earnings data on Wednesday, October, 9th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.34) by $0.18. The company earned $75.62 million during the quarter, compared to analysts' expectations of $78.63 million. Bassett Furniture Industries had a negative net margin of 5.00% and a negative trailing twelve-month return on equity of 3.47%.

Who are Bassett Furniture Industries' major shareholders?

Bassett Furniture Industries' top institutional investors include Empowered Funds LLC (0.29%), Inspire Advisors LLC (0.14%), Barclays PLC (0.12%) and Barclays PLC (0.12%). Insiders that own company stock include Robert H Spilman Jr, John Michael Daniel, William C Warden Jr, John R Belk and John Walter Mcdowell.
View institutional ownership trends.

How do I buy shares of Bassett Furniture Industries?

Shares of BSET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Bassett Furniture Industries own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Bassett Furniture Industries investors own include Meta Platforms (META), Alphabet (GOOG), Tesla (TSLA), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Visa (V).

Company Calendar

• Ex-Dividend for 8/30 Dividend: 8/16/2024
• Dividend Payable: 8/30/2024
• Last Earnings: 10/09/2024
• Ex-Dividend for 11/29 Dividend: 11/15/2024
• Today: 11/22/2024
• Dividend Payable: 11/29/2024
• Fiscal Year End: 11/30/2024
• Next Earnings (Estimated): 1/23/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Wood household furniture
• Sub-Industry: Home Furnishings
• Current Symbol: NASDAQ:BSET
• CUSIP: 07020310
• CIK: 10329
• Web: www.bassettfurniture.com
• Phone: (276) 629-6000
• Fax: 276-629-6346
• Employees: 1,389
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($1.95)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-3,170,000.00
• Net Margins: -5.00%
• Pretax Margin: -5.79%
• Return on Equity: -3.47%
• Return on Assets: -1.72%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.88
• Quick Ratio: 1.11

Sales & Book Value

• Annual Sales: $340.29 million
• Price / Sales: 0.39
• Cash Flow: $1.36 per share
• Price / Cash Flow: 10.96
• Book Value: $20.80 per share
• Price / Book: 0.72

Miscellaneous

• Outstanding Shares: 8,801,000
• Free Float: 8,176,000
• Market Cap: $131.49 million
• Optionable: Optionable
• Beta: 1.68