Analysts Set Expectations for BSET FY2026 Earnings

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) – Research analysts at Sidoti increased their FY2026 EPS estimates for shares of Bassett Furniture Industries in a research note issued on Thursday, July 2nd. Sidoti analyst A. Lebiedzinski now anticipates that the company will earn $0.91 per share for the year, up from their previous estimate of $0.90. The consensus estimate for Bassett Furniture Industries’ current full-year earnings is $0.82 per share.

Bassett Furniture Industries (NASDAQ:BSET) last posted its earnings results on Wednesday, July 1st. The company reported $0.24 earnings per share 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 firm had revenue of $83.75 million during the quarter, compared to the consensus estimate of $83.32 million. During the same quarter last year, the firm earned $0.22 EPS.

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

Bassett Furniture Industries Stock Up 7.7%

NASDAQ:BSET opened at $20.23 on Friday. The stock’s fifty day moving average is $15.19 and its two-hundred day moving average is $15.37. Bassett Furniture Industries has a 52 week low of $13.17 and a 52 week high of $20.99. The stock has a market capitalization of $174.99 million, a price-to-earnings ratio of 31.61, a price-to-earnings-growth ratio of 1.42 and a beta of 0.76.

Hedge Funds Weigh In On Bassett Furniture Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its holdings in Bassett Furniture Industries by 95.3% in the fourth quarter. Russell Investments Group Ltd. now owns 1,504 shares of the company’s stock valued at $25,000 after purchasing an additional 734 shares during the period. Group One Trading LLC purchased a new stake in Bassett Furniture Industries during the 2nd quarter worth about $30,000. Empowered Funds LLC raised its position in Bassett Furniture Industries by 7.9% in the 1st 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 in the last quarter. Motiv8 Investments LLC acquired a new stake in Bassett Furniture Industries in the 4th quarter valued at about $42,000. Finally, Nalls Sherbakoff Group LLC purchased a new position in shares of Bassett Furniture Industries in the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 54.40% of the company’s stock.

About Bassett Furniture Industries

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.