Somewhat Favorable News Coverage Somewhat Unlikely to Impact Bassett Furniture Industries, (BSET) Share Price
Media headlines about Bassett Furniture Industries, (NASDAQ:BSET) have been trending somewhat positive on Monday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bassett Furniture Industries, earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.8843277969945 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Bassett Furniture Industries, (BSET) traded up 2.07% during trading on Monday, reaching $37.05. 20,144 shares of the company were exchanged. The company has a market capitalization of $397.32 million, a P/E ratio of 22.31 and a beta of 1.11. The firm’s 50-day moving average is $36.14 and its 200 day moving average is $32.01. Bassett Furniture Industries, has a one year low of $22.42 and a one year high of $40.55.
Bassett Furniture Industries, (NASDAQ:BSET) last announced its earnings results on Thursday, June 29th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $114.10 million for the quarter, compared to the consensus estimate of $110.52 million. Bassett Furniture Industries, had a net margin of 4.08% and a return on equity of 9.05%. Bassett Furniture Industries,’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.31 earnings per share. On average, analysts anticipate that Bassett Furniture Industries, will post $1.66 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were paid a $0.11 dividend. This is an increase from Bassett Furniture Industries,’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, August 9th. Bassett Furniture Industries,’s dividend payout ratio (DPR) is currently 26.51%.
Several equities analysts have recently commented on BSET shares. BidaskClub cut shares of Bassett Furniture Industries, from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Stifel Nicolaus upped their price objective on shares of Bassett Furniture Industries, from $28.00 to $36.00 and gave the stock a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research cut shares of Bassett Furniture Industries, from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, ValuEngine upgraded shares of Bassett Furniture Industries, from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.
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In other Bassett Furniture Industries, news, insider John E. Bassett III sold 3,130 shares of Bassett Furniture Industries, stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $40.00, for a total transaction of $125,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kristina K. Cashman sold 750 shares of Bassett Furniture Industries, stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $38.08, for a total transaction of $28,560.00. Following the transaction, the director now directly owns 8,614 shares in the company, valued at $328,021.12. The disclosure for this sale can be found here. Insiders have sold 13,235 shares of company stock worth $527,509 over the last three months. Insiders own 6.40% of the company’s stock.
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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