Sidoti Brokers Boost Earnings Estimates for BSET

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) – Analysts at Sidoti raised their Q3 2026 earnings estimates for Bassett Furniture Industries in a research report issued on Monday, July 6th. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $0.12 for the quarter, up from their previous estimate of $0.11. The consensus estimate for Bassett Furniture Industries’ current full-year earnings is $0.83 per share. Sidoti also issued estimates for Bassett Furniture Industries’ Q4 2026 earnings at $0.45 EPS, FY2026 earnings at $0.93 EPS, Q2 2027 earnings at $0.46 EPS, Q4 2027 earnings at $0.66 EPS and FY2027 earnings at $1.62 EPS.

Other equities analysts have also issued research reports about the company. Zacks Research raised Bassett Furniture Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Weiss Ratings upgraded Bassett Furniture Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. Finally, Wall Street Zen raised shares of Bassett Furniture Industries from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Bassett Furniture Industries Price Performance

BSET stock opened at $20.00 on Tuesday. The business has a 50 day simple moving average of $15.40 and a 200-day simple moving average of $15.41. The firm has a market capitalization of $173.16 million, a PE ratio of 30.77, a price-to-earnings-growth ratio of 1.52 and a beta of 0.76. Bassett Furniture Industries has a 1 year low of $13.17 and a 1 year high of $20.99.

Bassett Furniture Industries (NASDAQ:BSET) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $83.32 million. During the same quarter in the prior year, the company earned $0.22 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its position in shares of Bassett Furniture Industries by 95.3% during the fourth quarter. Russell Investments Group Ltd. now owns 1,504 shares of the company’s stock valued at $25,000 after acquiring 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 approximately $30,000. Empowered Funds LLC raised its position in Bassett Furniture Industries by 7.9% in the first quarter. Empowered Funds LLC now owns 28,643 shares of the company’s stock valued at $437,000 after purchasing an additional 2,089 shares during the period. Motiv8 Investments LLC acquired a new position in Bassett Furniture Industries during the fourth quarter worth $42,000. Finally, Nalls Sherbakoff Group LLC purchased a new position in shares of Bassett Furniture Industries during the fourth quarter worth $46,000. Hedge funds and other institutional investors own 54.40% of the company’s stock.

Bassett Furniture Industries Company Profile

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.