Media coverage about Bassett Furniture Industries, (NASDAQ:BSET) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded 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 0.05 on Accern’s scale. Accern also gave press coverage about the company an impact score of 51 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the stock’s share price in the next several days.
Shares of Bassett Furniture Industries, (NASDAQ BSET) traded up 0.27% during midday trading on Friday, hitting $37.75. 35,923 shares of the company’s stock traded hands. The stock has a market cap of $404.83 million, a P/E ratio of 22.73 and a beta of 1.11. Bassett Furniture Industries, has a 52 week low of $22.42 and a 52 week high of $40.55. The company has a 50 day moving average of $35.52 and a 200 day moving average of $29.98.
Bassett Furniture Industries, (NASDAQ:BSET) last released its quarterly earnings data on Thursday, June 29th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $114.10 million during the quarter, compared to the consensus estimate of $110.52 million. Bassett Furniture Industries, had a return on equity of 9.05% and a net margin of 4.08%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 earnings per share. On average, equities analysts forecast that Bassett Furniture Industries, will post $1.67 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Wednesday, August 9th. This is an increase from Bassett Furniture Industries,’s previous quarterly dividend of $0.10. Bassett Furniture Industries,’s dividend payout ratio is currently 24.10%.
Several equities analysts have issued reports on BSET shares. Zacks Investment Research raised shares of Bassett Furniture Industries, from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Monday, April 3rd. Stifel Nicolaus boosted their price objective on shares of Bassett Furniture Industries, from $28.00 to $36.00 and gave the company a “hold” rating in a research note on Friday, June 30th. Finally, BidaskClub cut shares of Bassett Furniture Industries, from a “strong-buy” rating to a “buy” rating in a research note on Thursday.
In other Bassett Furniture Industries, news, CEO Robert H. Spilman, Jr. sold 5,000 shares of the business’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $40.16, for a total value of $200,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kristina K. Cashman sold 750 shares of the business’s stock in a transaction dated 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. Over the last three months, insiders sold 12,635 shares of company stock valued at $503,923. 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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