Sidoti Has Bearish Forecast for BSET FY2026 Earnings

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) – Investment analysts at Sidoti lowered their FY2026 earnings estimates for shares of Bassett Furniture Industries in a research note issued on Monday, September 28th. Sidoti analyst A. Lebiedzinski now forecasts that the company will earn $0.88 per share for the year, down from their previous estimate of $0.93. The consensus estimate for Bassett Furniture Industries’ current full-year earnings is $0.89 per share. Sidoti also issued estimates for Bassett Furniture Industries’ Q4 2026 earnings at $0.40 EPS and FY2027 earnings at $1.59 EPS.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen upgraded shares of Bassett Furniture Industries from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Zacks Research downgraded Bassett Furniture Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. Finally, Weiss Ratings upgraded shares of Bassett Furniture Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Bassett Furniture Industries Price Performance

NASDAQ:BSET opened at $18.05 on Wednesday. The company’s 50-day moving average is $18.82 and its two-hundred day moving average is $16.80. Bassett Furniture Industries has a 1-year low of $13.17 and a 1-year high of $22.26. The firm has a market capitalization of $156.31 million, a price-to-earnings ratio of 28.20, a PEG ratio of 1.28 and a beta of 0.77.

Bassett Furniture Industries (NASDAQ:BSET) last released its quarterly earnings results on Wednesday, July 1st. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. The business had revenue of $83.75 million for the quarter, compared to analyst estimates of $83.32 million. Bassett Furniture Industries had a net margin of 1.65% and a return on equity of 3.56%. During the same period in the previous year, the company earned $0.22 earnings per share.

Bassett Furniture Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, August 14th. Bassett Furniture Industries’s payout ratio is presently 125.00%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Motiv8 Investments LLC acquired a new position in shares of Bassett Furniture Industries during the 4th quarter worth approximately $42,000. Nalls Sherbakoff Group LLC bought a new stake in Bassett Furniture Industries in the 4th quarter valued at about $46,000. Integrated Wealth Concepts LLC bought a new position in shares of Bassett Furniture Industries in the second quarter worth $59,000. Empowered Funds LLC increased its stake in Bassett Furniture Industries by 9.2% in the first quarter. Empowered Funds LLC now owns 42,076 shares of the company’s stock valued at $595,000 after acquiring an additional 3,532 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Bassett Furniture Industries by 4.0% during the first quarter. Renaissance Technologies LLC now owns 304,161 shares of the company’s stock worth $4,304,000 after acquiring an additional 11,700 shares in the last quarter. Institutional investors own 54.40% of the company’s stock.

Bassett Furniture Industries Company Profile

Bassett Furniture Industries, Incorporated is a home furnishings company headquartered in Bassett, Virginia. Founded in 1902, the company built its heritage in wooden furniture and has expanded into a broader range of residential furnishings.

Bassett designs, manufactures, sources and sells products including upholstered furniture, bedroom and dining furniture, occasional tables, home office furnishings, mattresses, rugs, lighting and decorative accessories. Its offerings are marketed under the Bassett brand, with an emphasis on coordinated room collections, customization and design services.

The company serves consumers primarily in the United States through company-owned and licensed Bassett Home Furnishings stores, its website and other retail channels.