Stifel Nicolaus restated their hold rating on shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSET) in a report issued on Saturday morning. Stifel Nicolaus currently has a $39.00 target price on the stock, up from their prior target price of $36.00.

Other research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Bassett Furniture Industries, from a hold rating to a strong-buy rating and set a $44.00 price objective for the company in a research note on Tuesday, July 4th. BidaskClub downgraded Bassett Furniture Industries, from a strong-buy rating to a buy rating in a report on Thursday, July 27th. Finally, ValuEngine raised Bassett Furniture Industries, from a hold rating to a buy rating in a report on Friday, September 1st.

Shares of Bassett Furniture Industries, (NASDAQ:BSET) opened at 39.00 on Friday. The company has a 50 day moving average price of $36.28 and a 200 day moving average price of $32.92. The company has a market cap of $418.67 million, a price-to-earnings ratio of 22.81 and a beta of 1.12. Bassett Furniture Industries, has a one year low of $22.55 and a one year high of $41.30.

Bassett Furniture Industries, (NASDAQ:BSET) last issued its quarterly earnings results on Thursday, September 28th. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.06. The company had revenue of $114.30 million during the quarter, compared to analysts’ expectations of $110.65 million. Bassett Furniture Industries, had a return on equity of 9.17% and a net margin of 4.09%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS. Equities analysts predict that Bassett Furniture Industries, will post $1.66 EPS for the current year.

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In other Bassett Furniture Industries, news, SVP Bruce Cohenour sold 9,900 shares of the company’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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert H. Spilman, Jr. sold 5,000 shares of the company’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $40.16, for a total transaction of $200,800.00. The disclosure for this sale can be found here. Insiders sold 23,135 shares of company stock worth $908,659 in the last quarter. Company insiders own 6.40% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Nationwide Fund Advisors raised its stake in shares of Bassett Furniture Industries, by 10.9% during 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 during the last quarter. Bank of New York Mellon Corp lifted its holdings 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 during the period. Raymond James Financial Services Advisors Inc. lifted its holdings 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 during the period. Prudential Financial Inc. lifted its holdings 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 during the period. Finally, American International Group Inc. lifted its holdings in shares of Bassett Furniture Industries, by 7.0% in the 1st quarter. American International Group Inc. now owns 6,329 shares of the company’s stock valued at $170,000 after buying an additional 414 shares during the period. 71.92% of the stock is currently owned by institutional investors.

About Bassett Furniture Industries,

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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