Zacks: Bassett Furniture Industries Inc. (BSET) Given Consensus Rating of “Hold” by Analysts

Bassett Furniture Industries Inc. (NASDAQ:BSET) has been given a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokers have set a 12-month consensus price objective of $37.00 for the company and are anticipating that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also given Bassett Furniture Industries an industry rank of 203 out of 265 based on the ratings given to related companies.

Several research firms recently issued reports on BSET. BidaskClub upgraded Bassett Furniture Industries from a “strong sell” rating to a “sell” rating in a report on Saturday. Zacks Investment Research downgraded Bassett Furniture Industries from a “buy” rating to a “strong sell” rating in a report on Tuesday, January 23rd. Finally, ValuEngine downgraded Bassett Furniture Industries from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

A number of hedge funds and other institutional investors have recently modified their holdings of BSET. Millennium Management LLC increased its holdings in Bassett Furniture Industries by 241.0% during the 4th quarter. Millennium Management LLC now owns 108,306 shares of the company’s stock worth $4,072,000 after purchasing an additional 76,542 shares during the period. Algert Global LLC increased its holdings in shares of Bassett Furniture Industries by 222.0% in the 3rd quarter. Algert Global LLC now owns 90,819 shares of the company’s stock valued at $3,424,000 after acquiring an additional 62,618 shares during the last quarter. EAM Investors LLC purchased a new position in shares of Bassett Furniture Industries in the 3rd quarter valued at about $1,653,000. Renaissance Technologies LLC increased its holdings in shares of Bassett Furniture Industries by 8.0% in the 4th quarter. Renaissance Technologies LLC now owns 559,800 shares of the company’s stock valued at $21,048,000 after acquiring an additional 41,700 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Bassett Furniture Industries by 3.2% in the 4th quarter. Royce & Associates LP now owns 1,287,727 shares of the company’s stock valued at $48,419,000 after acquiring an additional 39,680 shares during the last quarter. Institutional investors own 71.66% of the company’s stock.

Bassett Furniture Industries (NASDAQ:BSET) opened at $33.40 on Wednesday. Bassett Furniture Industries has a 12 month low of $24.90 and a 12 month high of $41.30. The stock has a market capitalization of $364.92, a PE ratio of 19.65 and a beta of 0.84.

Bassett Furniture Industries (NASDAQ:BSET) last posted its earnings results on Friday, January 19th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.06). Bassett Furniture Industries had a return on equity of 9.00% and a net margin of 4.03%. The firm had revenue of $118.23 million for the quarter, compared to analyst estimates of $118.22 million. During the same period in the previous year, the company posted $0.47 EPS. research analysts anticipate that Bassett Furniture Industries will post 1.72 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 9th will be issued a dividend of $0.11 per share. The ex-dividend date is Thursday, February 8th. This represents a $0.44 annualized dividend and a yield of 1.32%. Bassett Furniture Industries’s dividend payout ratio (DPR) is 25.88%.

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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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