Bassett Furniture Industries Inc. (NASDAQ:BSET) declared a quarterly dividend on Thursday, October 6th. Stockholders of record on Friday, November 11th will be paid a dividend of 0.10 per share on Friday, November 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.58%.
Bassett Furniture Industries (NASDAQ:BSET) opened at 25.29 on Friday. Bassett Furniture Industries has a 12 month low of $22.42 and a 12 month high of $33.68. The stock’s 50 day moving average price is $24.68 and its 200-day moving average price is $27.31. The stock has a market cap of $273.16 million, a PE ratio of 16.75 and a beta of 1.03.
Bassett Furniture Industries (NASDAQ:BSET) last announced its quarterly earnings data on Thursday, September 29th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.01. The company had revenue of $104.70 million for the quarter. Bassett Furniture Industries had a net margin of 3.80% and a return on equity of 9.42%. The company’s revenue was down 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.40 EPS. Analysts anticipate that Bassett Furniture Industries will post $1.42 EPS for the current fiscal year.
Separately, Zacks Investment Research cut Bassett Furniture Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, July 4th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. bought a new position in shares of Bassett Furniture Industries during the second quarter worth about $218,000. Deere & Co. acquired a new stake in Bassett Furniture Industries during the second quarter worth approximately $237,000. TFS Capital LLC raised its stake in Bassett Furniture Industries by 47.4% in the second quarter. TFS Capital LLC now owns 11,984 shares of the company’s stock worth $287,000 after buying an additional 3,853 shares during the last quarter. KCG Holdings Inc. acquired a new stake in Bassett Furniture Industries during the second quarter worth approximately $306,000. Finally, Allianz Asset Management AG raised its stake in Bassett Furniture Industries by 3.0% in the second quarter. Allianz Asset Management AG now owns 14,887 shares of the company’s stock worth $356,000 after buying an additional 438 shares during the last quarter. Institutional investors and hedge funds own 71.64% 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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