Bassett Furniture Industries, Incorporated (NASDAQ:BSET) has been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokerages have set a one year consensus price target of $39.50 for the company and are predicting that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also given Bassett Furniture Industries, an industry rank of 243 out of 265 based on the ratings given to related companies.

Several brokerages have weighed in on BSET. Stifel Nicolaus reiterated 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. BidaskClub cut shares of Bassett Furniture Industries, from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research cut shares of Bassett Furniture Industries, from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, ValuEngine upgraded shares of Bassett Furniture Industries, from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.

ILLEGAL ACTIVITY WARNING: “Brokerages Anticipate Bassett Furniture Industries, Incorporated (BSET) to Announce $0.53 EPS” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another domain, it was copied illegally and republished in violation of international copyright & trademark laws. The correct version of this article can be read at https://www.thecerbatgem.com/2017/09/30/brokerages-anticipate-bassett-furniture-industries-incorporated-bset-to-announce-0-53-eps.html.

In other news, insider John E. Bassett III sold 3,130 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $40.00, for a total value of $125,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kristina K. Cashman sold 750 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $38.08, for a total transaction of $28,560.00. Following the completion of the transaction, the director now owns 8,614 shares of the company’s stock, valued at $328,021.12. The disclosure for this sale can be found here. Insiders sold a total of 13,235 shares of company stock valued at $527,509 over the last 90 days. Corporate insiders own 6.40% of the company’s stock.

Several large investors have recently modified their holdings of BSET. Nationwide Fund Advisors raised its position in shares of Bassett Furniture Industries, by 10.9% in the 1st quarter. Nationwide Fund Advisors now owns 9,159 shares of the company’s stock valued at $246,000 after buying an additional 902 shares in the last quarter. Strs Ohio raised its position in shares of Bassett Furniture Industries, by 9.4% in the 1st quarter. Strs Ohio now owns 24,400 shares of the company’s stock valued at $656,000 after buying an additional 2,100 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Bassett Furniture Industries, by 2.4% in the 1st quarter. Bank of New York Mellon Corp now owns 116,673 shares of the company’s stock valued at $3,139,000 after buying an additional 2,751 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Bassett Furniture Industries, by 23.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 14,994 shares of the company’s stock valued at $403,000 after buying an additional 2,805 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Bassett Furniture Industries, by 2.8% in the 1st quarter. Prudential Financial Inc. now owns 30,578 shares of the company’s stock valued at $822,000 after buying an additional 835 shares in the last quarter. Institutional investors own 71.92% of the company’s stock.

Shares of Bassett Furniture Industries, (NASDAQ:BSET) traded down 2.33% on Wednesday, hitting $37.70. 36,864 shares of the stock were exchanged. The company has a 50-day moving average price of $36.10 and a 200-day moving average price of $32.20. Bassett Furniture Industries, has a one year low of $22.42 and a one year high of $40.55. The firm has a market capitalization of $404.29 million, a PE ratio of 22.70 and a beta of 1.11.

Bassett Furniture Industries, (NASDAQ:BSET) last issued its quarterly earnings data on Thursday, September 28th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. Bassett Furniture Industries, had a net margin of 4.09% and a return on equity of 9.26%. The business had revenue of $114.30 million during the quarter, compared to analysts’ expectations of $110.65 million. During the same quarter in the previous year, the company earned $0.38 EPS. The business’s revenue was up 9.2% on a year-over-year basis. Equities research analysts expect that Bassett Furniture Industries, will post $1.66 earnings per share for the current year.

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.

Get a free copy of the Zacks research report on Bassett Furniture Industries, (BSET)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Bassett Furniture Industries Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bassett Furniture Industries Incorporated and related stocks with our FREE daily email newsletter.