Bassett Furniture Industries, Incorporated (BSET) Declares Quarterly Dividend of $0.11
Bassett Furniture Industries, Incorporated (NASDAQ:BSET) announced a quarterly dividend on Thursday, October 5th, RTT News reports. Investors of record on Friday, November 10th will be given a dividend of 0.11 per share on Friday, November 24th. This represents a $0.44 annualized dividend and a dividend yield of 1.12%.
Shares of Bassett Furniture Industries, (NASDAQ BSET) traded down 0.63% during midday trading on Thursday, reaching $39.15. The company’s stock had a trading volume of 27,197 shares. The company has a market capitalization of $420.28 million, a price-to-earnings ratio of 22.87 and a beta of 1.12. The stock has a 50 day moving average price of $36.43 and a 200-day moving average price of $33.06. Bassett Furniture Industries, has a 52-week low of $22.55 and a 52-week high of $41.30.
Bassett Furniture Industries, (NASDAQ:BSET) last announced its quarterly earnings data on Thursday, September 28th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Bassett Furniture Industries, had a return on equity of 9.17% and a net margin of 4.09%. The business had revenue of $114.30 million during the quarter, compared to analysts’ expectations of $110.65 million. During the same period in the previous year, the firm earned $0.38 earnings per share. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. Equities research analysts expect that Bassett Furniture Industries, will post $1.66 EPS for the current year.
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A number of brokerages have recently commented on BSET. Zacks Investment Research upgraded Bassett Furniture Industries, from a “hold” rating to a “strong-buy” rating and set a $44.00 price target on the stock in a report on Tuesday, July 4th. BidaskClub lowered Bassett Furniture Industries, from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. ValuEngine upgraded Bassett Furniture Industries, from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $39.00 price objective (up previously from $36.00) on shares of Bassett Furniture Industries, in a research note on Saturday, September 30th.
In other Bassett Furniture Industries, news, Director Kristina K. Cashman sold 750 shares of the firm’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $38.08, for a total value of $28,560.00. Following the sale, the director now owns 8,614 shares of the company’s stock, valued at approximately $328,021.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Bruce Cohenour sold 9,900 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $38.50, for a total value of $381,150.00. The disclosure for this sale can be found here. Insiders have sold 11,875 shares of company stock worth $457,459 in the last three months. 6.40% of the stock is currently owned by company insiders.
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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