Bassett Furniture Industries (NASDAQ:BSET – Get Free Report) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.
BSET has been the topic of a number of other reports. Noble Financial reiterated a “market perform” rating on shares of Bassett Furniture Industries in a research note on Thursday. TheStreet upgraded shares of Bassett Furniture Industries from a “c+” rating to a “b-” rating in a research note on Tuesday, July 18th.
Bassett Furniture Industries Price Performance
Bassett Furniture Industries (NASDAQ:BSET – Get Free Report) last issued its earnings results on Thursday, June 29th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.13. The business had revenue of $100.52 million for the quarter, compared to the consensus estimate of $102.62 million. Bassett Furniture Industries had a net margin of 3.62% and a return on equity of 8.25%. On average, research analysts expect that Bassett Furniture Industries will post 0.85 EPS for the current fiscal year.
Hedge Funds Weigh In On Bassett Furniture Industries
Hedge funds and other institutional investors have recently modified their holdings of the business. Byrne Asset Management LLC purchased a new stake in Bassett Furniture Industries during the second quarter valued at approximately $30,000. Tower Research Capital LLC TRC lifted its position in Bassett Furniture Industries by 124.9% during the first quarter. Tower Research Capital LLC TRC now owns 3,112 shares of the company’s stock valued at $55,000 after acquiring an additional 1,728 shares during the last quarter. Fund 1 Investments LLC purchased a new stake in Bassett Furniture Industries during the first quarter valued at approximately $87,000. Citigroup Inc. purchased a new stake in Bassett Furniture Industries during the fourth quarter valued at approximately $93,000. Finally, Barclays PLC lifted its position in Bassett Furniture Industries by 5,904.5% during the fourth quarter. Barclays PLC now owns 6,665 shares of the company’s stock valued at $116,000 after acquiring an additional 6,554 shares during the last quarter. 55.87% of the stock is currently owned by institutional investors.
Bassett Furniture Industries Company Profile
Bassett Furniture Industries, Incorporated engages in the manufacture, marketing, and retail of home furnishings in the United States and internationally. It operates through two segments: Wholesale and Retail company-owned Stores. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products to a network of company-owned retail stores and licensee-owned stores, and independent furniture retailers; and wood and upholstery operations.
- Five stocks we like better than Bassett Furniture Industries
- 3 Best Fintech Stocks for a Portfolio Boost
- MarketBeat Week in Review – 9/4 – 9/8
- How to Use the MarketBeat Stock Screener
- The Best 5 Small Cap AI Companies to Buy Now
- What is a Non-Fungible Token (NFT)? Definition and How it Works
- Miso Robotics Stock: Is an IPO Coming Soon?
Receive News & Ratings for Bassett Furniture Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bassett Furniture Industries and related companies with MarketBeat.com's FREE daily email newsletter.