Shares of Bassett Furniture Industries Inc. (NASDAQ:BSET) have been assigned an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $21.00.

A number of research firms have recently weighed in on BSET. ValuEngine raised Bassett Furniture Industries from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 31st. Zacks Investment Research raised Bassett Furniture Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 27th.

In related news, SVP Mark S. Jordan sold 3,100 shares of the business’s stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $19.03, for a total transaction of $58,993.00. Following the transaction, the senior vice president now owns 17,020 shares in the company, valued at approximately $323,890.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.54% of the company’s stock.

A number of large investors have recently made changes to their positions in BSET. Schwab Charles Investment Management Inc. increased its holdings in Bassett Furniture Industries by 15.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 23,287 shares of the company’s stock valued at $642,000 after purchasing an additional 3,100 shares during the period. BlackRock Inc. increased its holdings in Bassett Furniture Industries by 0.8% during the 2nd quarter. BlackRock Inc. now owns 738,178 shares of the company’s stock valued at $20,337,000 after purchasing an additional 5,835 shares during the period. Millennium Management LLC increased its holdings in Bassett Furniture Industries by 87.1% during the 2nd quarter. Millennium Management LLC now owns 77,851 shares of the company’s stock valued at $2,145,000 after purchasing an additional 36,240 shares during the period. North Star Investment Management Corp. purchased a new position in Bassett Furniture Industries during the 3rd quarter valued at about $892,000. Finally, First Trust Advisors LP increased its holdings in Bassett Furniture Industries by 33.8% during the 3rd quarter. First Trust Advisors LP now owns 15,328 shares of the company’s stock valued at $326,000 after purchasing an additional 3,872 shares during the period. Institutional investors own 73.32% of the company’s stock.

Shares of NASDAQ BSET traded up $0.25 during midday trading on Friday, reaching $18.88. The company had a trading volume of 1,203 shares, compared to its average volume of 28,686. Bassett Furniture Industries has a one year low of $18.10 and a one year high of $34.95. The firm has a market cap of $196.36 million, a PE ratio of 19.37 and a beta of 0.65.

Bassett Furniture Industries (NASDAQ:BSET) last released its earnings results on Thursday, January 17th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.19). Bassett Furniture Industries had a net margin of 1.80% and a return on equity of 5.42%. The company had revenue of $116.65 million during the quarter, compared to the consensus estimate of $118.84 million. On average, sell-side analysts anticipate that Bassett Furniture Industries will post 0.96 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Thursday, February 14th. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently 51.55%.

About Bassett Furniture Industries

Bassett Furniture Industries, Incorporated manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail, and Logistical Services. The company engages in the design, manufacture, sourcing, distribution, and sale of furniture products to a network of company-owned and licensee-owned Bassett Home Furnishings retail stores, as well as independent furniture retailers; and wood and upholstery operations.

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