Bassett Furniture Industries, Incorporated (NASDAQ:BSET – Free Report) – Stock analysts at Sidoti cut their FY2026 earnings per share estimates for Bassett Furniture Industries in a report released on Thursday, April 2nd. Sidoti analyst A. Lebiedzinski now forecasts that the company will earn $1.01 per share for the year, down from their previous estimate of $1.03. The consensus estimate for Bassett Furniture Industries’ current full-year earnings is $0.75 per share.
Bassett Furniture Industries (NASDAQ:BSET – Get Free Report) last announced its quarterly earnings results on Wednesday, April 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). Bassett Furniture Industries had a return on equity of 3.47% and a net margin of 1.61%.The company had revenue of $80.34 million during the quarter, compared to the consensus estimate of $84.38 million.
Check Out Our Latest Report on Bassett Furniture Industries
Bassett Furniture Industries Price Performance
Shares of BSET opened at $14.02 on Friday. Bassett Furniture Industries has a 12 month low of $13.17 and a 12 month high of $19.75. The stock has a fifty day moving average price of $14.94 and a 200 day moving average price of $15.55. The company has a market cap of $121.27 million, a P/E ratio of 22.61, a PEG ratio of 0.92 and a beta of 0.95.
Bassett Furniture Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.7%. The ex-dividend date is Friday, May 15th. Bassett Furniture Industries’s dividend payout ratio (DPR) is currently 114.29%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in BSET. Russell Investments Group Ltd. increased its holdings in shares of Bassett Furniture Industries by 95.3% during 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. Atlantic Union Bankshares Corp acquired a new stake in Bassett Furniture Industries in the third quarter worth about $29,000. Group One Trading LLC acquired a new stake in Bassett Furniture Industries in the second quarter worth about $30,000. Motiv8 Investments LLC bought a new position in Bassett Furniture Industries in the 4th quarter valued at about $42,000. Finally, Nalls Sherbakoff Group LLC acquired a new position in Bassett Furniture Industries during the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 54.40% of the company’s stock.
More Bassett Furniture Industries News
Here are the key news stories impacting Bassett Furniture Industries this week:
- Positive Sentiment: Bassett announced a $1.5M–$2M annual cost‑savings program to begin in late Q2, a near‑term margin support action that may help offset lower sales. Bassett outlines $1.5M-$2M annual savings plan starting late Q2 as Q1 sales fall 2.2%
- Positive Sentiment: The company maintains a strong balance sheet (roughly $51M cash, no debt reported), which gives it financial flexibility to weather softer demand and execute restructuring. Bassett Furniture: Cheap For A Reason As Industry Weakens
- Neutral Sentiment: Management held an earnings call and published the transcript that discusses demand trends, inventory and the cost plan — useful for hearing management’s near‑term outlook and any forward guidance color. Q1 2026 Earnings Call Transcript
- Neutral Sentiment: Official Q1 results and press release provide the detailed numbers and supplemental commentary from Bassett on sales channels and inventory. Investors should review the release for any guidance updates. Bassett Reports Fiscal First Quarter Results
- Negative Sentiment: Q1 results missed expectations: EPS $0.13 vs. consensus ~ $0.19 and revenue $80.3M vs. ~$84.4M — a clear near‑term earnings and sales disappointment driving the stock lower. Bassett Furniture shares slip on Q1 earnings, revenue miss
- Negative Sentiment: Analysts have started trimming estimates after the print (Sidoti cut forecasts), which can pressure the stock until growth or margin trends stabilize. Sidoti Analysts Lower Earnings Estimates for BSET
- Negative Sentiment: Industry commentary and analyst write‑ups highlight weakening demand and a drop in operating cash flow (adjusted OCF ~ $3.4M), suggesting near‑term pressure on profit conversion until sales recover. Bassett Furniture: Cheap For A Reason As Industry Weakens
Bassett Furniture Industries Company Profile
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.
Read More
Receive News & Ratings for Bassett Furniture Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bassett Furniture Industries and related companies with MarketBeat.com's FREE daily email newsletter.
