News stories about Bassett Furniture Industries, (NASDAQ:BSET) have trended somewhat positive this week, according to Accern. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bassett Furniture Industries, earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.8647228260582 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Bassett Furniture Industries, (NASDAQ:BSET) traded down 2.31% during mid-day trading on Thursday, reaching $38.05. The company’s stock had a trading volume of 19,145 shares. Bassett Furniture Industries, has a 52-week low of $22.55 and a 52-week high of $41.30. The firm has a market cap of $408.47 million, a price-to-earnings ratio of 22.23 and a beta of 1.12. The firm has a 50 day moving average price of $36.86 and a 200 day moving average price of $33.54.
Bassett Furniture Industries, (NASDAQ:BSET) last announced its quarterly earnings data on Thursday, September 28th. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The firm had revenue of $114.30 million during the quarter, compared to analysts’ expectations of $110.65 million. Bassett Furniture Industries, had a return on equity of 9.17% and a net margin of 4.09%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS. On average, equities analysts predict that Bassett Furniture Industries, will post $1.76 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.44 annualized dividend and a yield of 1.16%. Bassett Furniture Industries,’s dividend payout ratio is presently 25.73%.
A number of analysts have weighed in on the company. BidaskClub cut Bassett Furniture Industries, from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Stifel Nicolaus reiterated a “hold” rating and issued a $39.00 price target (up from $36.00) on shares of Bassett Furniture Industries, in a research report on Saturday, September 30th. ValuEngine cut Bassett Furniture Industries, from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research cut Bassett Furniture Industries, from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 29th.
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In other Bassett Furniture Industries, news, SVP Bruce Cohenour sold 9,900 shares of Bassett Furniture Industries, stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $38.50, for a total value of $381,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kristina K. Cashman sold 750 shares of Bassett Furniture Industries, stock in a transaction on Friday, July 14th. The shares were sold at an average price of $38.08, for a total value of $28,560.00. Following the completion of the transaction, the director now directly owns 8,614 shares of the company’s stock, valued at $328,021.12. The disclosure for this sale can be found here. Insiders sold a total of 11,250 shares of company stock valued at $433,296 over the last ninety days. Insiders own 6.40% of the company’s stock.
Bassett Furniture Industries, Company Profile
Bassett Furniture Industries, Incorporated is a manufacturer, importer and retailer of home furnishings. The Company’s segments include Wholesale, Retail – Company-owned stores and Logistical services. Its wholesale home furnishings segment is involved in the design, manufacture, sourcing, sale and distribution of furniture products to a network of Bassett stores (licensee-owned stores and Company-owned stores) and independent furniture retailers.
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