Sidoti Has Negative Outlook for BSET Q1 Earnings

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) – Stock analysts at Sidoti cut their Q1 2026 EPS estimates for shares of Bassett Furniture Industries in a research note issued to investors on Monday, March 30th. Sidoti analyst A. Lebiedzinski now anticipates that the company will earn $0.15 per share for the quarter, down from their prior estimate of $0.18. The consensus estimate for Bassett Furniture Industries’ current full-year earnings is $0.75 per share. Sidoti also issued estimates for Bassett Furniture Industries’ Q2 2026 earnings at $0.31 EPS, FY2026 earnings at $1.03 EPS and Q1 2027 earnings at $0.26 EPS.

Bassett Furniture Industries (NASDAQ:BSET) last announced its earnings results on Wednesday, February 4th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.07). The firm had revenue of $88.67 million for the quarter, compared to the consensus estimate of $86.90 million. Bassett Furniture Industries had a return on equity of 3.91% and a net margin of 1.82%.

A number of other brokerages also recently issued reports on BSET. Zacks Research downgraded Bassett Furniture Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bassett Furniture Industries in a research note on Wednesday, January 21st. Finally, Wall Street Zen downgraded Bassett Furniture Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Bassett Furniture Industries has an average rating of “Hold”.

Bassett Furniture Industries Trading Down 0.2%

Shares of BSET opened at $14.21 on Tuesday. The firm’s fifty day simple moving average is $15.09 and its two-hundred day simple moving average is $15.59. Bassett Furniture Industries has a 12 month low of $13.70 and a 12 month high of $19.75. The stock has a market capitalization of $122.92 million, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 0.89 and a beta of 0.98.

Bassett Furniture Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, May 15th. This represents a $0.80 annualized dividend and a dividend yield of 5.6%. Bassett Furniture Industries’s dividend payout ratio is currently 114.29%.

Hedge Funds Weigh In On Bassett Furniture Industries

A number of institutional investors and hedge funds have recently made changes to their positions in BSET. Russell Investments Group Ltd. grew its stake in shares of Bassett Furniture Industries by 95.3% in the 4th quarter. Russell Investments Group Ltd. now owns 1,504 shares of the company’s stock valued at $25,000 after buying an additional 734 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Bassett Furniture Industries during the 3rd quarter worth approximately $29,000. Group One Trading LLC bought a new position in Bassett Furniture Industries in the second quarter worth approximately $30,000. Motiv8 Investments LLC bought a new position in Bassett Furniture Industries in the fourth quarter worth approximately $42,000. Finally, Nalls Sherbakoff Group LLC acquired a new stake in Bassett Furniture Industries in the fourth quarter valued at approximately $46,000. Institutional investors own 54.40% of the company’s stock.

About Bassett Furniture Industries

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.