Sidoti Issues Negative Outlook for BSET Earnings

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) – Equities research analysts at Sidoti decreased their Q1 2026 EPS estimates for shares of Bassett Furniture Industries in a research note issued on Monday, March 30th. Sidoti analyst A. Lebiedzinski now forecasts that the company will post earnings per share of $0.15 for the quarter, down from their prior forecast 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 posted its earnings results on Wednesday, February 4th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.07). Bassett Furniture Industries had a net margin of 1.82% and a return on equity of 3.91%. The firm had revenue of $88.67 million for the quarter, compared to analyst estimates of $86.90 million.

A number of other research analysts have also issued reports on BSET. Zacks Research lowered Bassett Furniture Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Wall Street Zen cut Bassett Furniture Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Bassett Furniture Industries in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bassett Furniture Industries presently has a consensus rating of “Hold”.

Bassett Furniture Industries Trading Down 0.4%

Shares of NASDAQ:BSET opened at $14.15 on Tuesday. The firm’s 50 day moving average is $15.04 and its two-hundred day moving average is $15.57. The firm has a market capitalization of $122.40 million, a P/E ratio of 20.21, a PEG ratio of 0.92 and a beta of 0.98. Bassett Furniture Industries has a 52 week low of $13.70 and a 52 week high of $19.75.

Hedge Funds Weigh In On Bassett Furniture Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in BSET. Empowered Funds LLC boosted its holdings in shares of Bassett Furniture Industries by 7.9% during the first quarter. Empowered Funds LLC now owns 28,643 shares of the company’s stock worth $437,000 after purchasing an additional 2,089 shares during the period. Geode Capital Management LLC increased its stake in Bassett Furniture Industries by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 195,368 shares of the company’s stock valued at $3,275,000 after buying an additional 2,796 shares during the period. Goldman Sachs Group Inc. lifted its position in Bassett Furniture Industries by 7.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 50,981 shares of the company’s stock worth $854,000 after buying an additional 3,595 shares in the last quarter. Barclays PLC boosted its stake in shares of Bassett Furniture Industries by 21.4% during the 4th quarter. Barclays PLC now owns 22,107 shares of the company’s stock valued at $371,000 after buying an additional 3,897 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Bassett Furniture Industries by 42.4% during the 2nd quarter. Bank of America Corp DE now owns 19,398 shares of the company’s stock valued at $295,000 after buying an additional 5,776 shares during the period. 54.40% of the stock is currently owned by hedge funds and other institutional investors.

Bassett Furniture Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, May 15th. Bassett Furniture Industries’s dividend payout ratio (DPR) is 114.29%.

Bassett Furniture Industries Company Profile

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.