Sidoti Csr Has Positive Outlook of BSET FY2025 Earnings

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) – Investment analysts at Sidoti Csr lifted their FY2025 EPS estimates for Bassett Furniture Industries in a research note issued to investors on Thursday, October 9th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings of $0.82 per share for the year, up from their previous estimate of $0.78. The consensus estimate for Bassett Furniture Industries’ current full-year earnings is $0.75 per share. Sidoti Csr also issued estimates for Bassett Furniture Industries’ Q1 2026 earnings at $0.18 EPS, Q2 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.16 EPS, FY2026 earnings at $1.23 EPS and FY2027 earnings at $1.58 EPS.

Other equities analysts have also issued reports about the company. Wall Street Zen lowered Bassett Furniture Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Sidoti upgraded Bassett Furniture Industries to a “strong-buy” rating in a research report on Thursday, October 9th. Zacks Research lowered Bassett Furniture Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, August 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Bassett Furniture Industries in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Bassett Furniture Industries has an average rating of “Moderate Buy”.

Bassett Furniture Industries Trading Down 0.5%

Shares of NASDAQ:BSET opened at $15.48 on Monday. The firm’s 50 day moving average is $16.24 and its two-hundred day moving average is $16.57. The firm has a market capitalization of $134.52 million, a P/E ratio of 17.20, a PEG ratio of 1.15 and a beta of 1.01. Bassett Furniture Industries has a 52 week low of $13.58 and a 52 week high of $19.75.

Bassett Furniture Industries (NASDAQ:BSET) last released its quarterly earnings data on Wednesday, October 8th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $80.10 million for the quarter, compared to analysts’ expectations of $79.89 million. Bassett Furniture Industries had a net margin of 2.35% and a return on equity of 4.67%. During the same quarter last year, the company earned ($0.52) EPS.

Bassett Furniture Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.20 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.80 annualized dividend and a yield of 5.2%. Bassett Furniture Industries’s payout ratio is 88.89%.

Insiders Place Their Bets

In other news, SVP John E. Bassett III sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $18.56, for a total transaction of $37,120.00. Following the completion of the transaction, the senior vice president owned 50,761 shares in the company, valued at approximately $942,124.16. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 7.30% of the company’s stock.

Institutional Trading of Bassett Furniture Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its position in Bassett Furniture Industries by 192.9% in the first quarter. Bank of New York Mellon Corp now owns 71,138 shares of the company’s stock worth $1,085,000 after buying an additional 46,847 shares during the last quarter. Truffle Hound Capital LLC boosted its stake in shares of Bassett Furniture Industries by 49.3% during the 1st quarter. Truffle Hound Capital LLC now owns 298,520 shares of the company’s stock worth $4,552,000 after acquiring an additional 98,520 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Bassett Furniture Industries by 97.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 24,840 shares of the company’s stock worth $379,000 after acquiring an additional 12,258 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Bassett Furniture Industries by 0.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 571,777 shares of the company’s stock worth $8,720,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Bassett Furniture Industries by 42.4% during the second quarter. Bank of America Corp DE now owns 19,398 shares of the company’s stock worth $295,000 after purchasing an additional 5,776 shares during the period. 54.40% of the stock is owned by institutional investors and hedge funds.

Bassett Furniture Industries Company Profile

Bassett Furniture Industries, Incorporated, together with its subsidiaries, manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail Company-Owned Stores, and Corporate and Other. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products, including dining, bedroom and bedding, home decorations, rugs, and outdoor furniture to a network of company-owned retail stores, licensee-owned stores, and independent retailers.