Media stories about Bassett Furniture Industries (NASDAQ:BSET) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bassett Furniture Industries earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.5588362905382 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of Bassett Furniture Industries (NASDAQ:BSET) opened at $37.90 on Wednesday. The stock has a market capitalization of $420.29, a PE ratio of 24.62 and a beta of 1.07. Bassett Furniture Industries has a 12-month low of $24.90 and a 12-month high of $41.30.

Bassett Furniture Industries (NASDAQ:BSET) last released its earnings results on Thursday, September 28th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $114.30 million for the quarter, compared to the consensus estimate of $110.65 million. Bassett Furniture Industries had a return on equity of 9.17% and a net margin of 4.09%. Bassett Furniture Industries’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 earnings per share. equities research analysts predict that Bassett Furniture Industries will post 1.76 earnings per share for the current fiscal year.

The business also recently announced a special dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a dividend yield of 1.17%. This is an increase from Bassett Furniture Industries’s previous special dividend of $0.30. Bassett Furniture Industries’s payout ratio is currently 25.73%.

A number of analysts have recently commented on BSET shares. ValuEngine upgraded Bassett Furniture Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub lowered Bassett Furniture Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Zacks Investment Research downgraded Bassett Furniture Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $39.00 target price (up previously from $36.00) on shares of Bassett Furniture Industries in a research report on Saturday, September 30th.

In other Bassett Furniture Industries news, insider John E. Bassett III sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $40.25, for a total transaction of $80,500.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jay R. Hervey sold 650 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $39.19, for a total value of $25,473.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,550 shares of company stock worth $487,124. 6.40% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Bassett Furniture Industries (NASDAQ:BSET)

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