Bassett Furniture Industries, Incorporated (NASDAQ:BSET – Free Report) – Research analysts at Sidoti decreased their FY2026 earnings per share estimates for shares of Bassett Furniture Industries in a research report issued on Thursday, April 2nd. Sidoti analyst A. Lebiedzinski now expects that the company will earn $1.01 per share for the year, down from their previous estimate of $1.03. The consensus estimate for Bassett Furniture Industries’ current full-year earnings is $0.75 per share.
Bassett Furniture Industries (NASDAQ:BSET – Get Free Report) last released its earnings results on Wednesday, April 1st. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The firm had revenue of $80.34 million during the quarter, compared to analyst estimates of $84.38 million. Bassett Furniture Industries had a net margin of 1.61% and a return on equity of 3.48%.
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Bassett Furniture Industries Price Performance
Shares of BSET opened at $14.02 on Friday. The stock’s fifty day simple moving average is $14.90 and its 200-day simple moving average is $15.54. The firm has a market capitalization of $121.27 million, a PE ratio of 22.61, a price-to-earnings-growth ratio of 0.92 and a beta of 0.95. Bassett Furniture Industries has a 12-month low of $13.17 and a 12-month high of $19.75.
Hedge Funds Weigh In On Bassett Furniture Industries
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BSET. Goldman Sachs Group Inc. grew its position in shares of Bassett Furniture Industries by 97.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 24,840 shares of the company’s stock worth $379,000 after buying an additional 12,258 shares during the period. Empowered Funds LLC boosted its stake in Bassett Furniture Industries by 7.9% during the 1st quarter. Empowered Funds LLC now owns 28,643 shares of the company’s stock worth $437,000 after acquiring an additional 2,089 shares during the last quarter. Jane Street Group LLC boosted its stake in Bassett Furniture Industries by 87.9% during the 1st quarter. Jane Street Group LLC now owns 21,454 shares of the company’s stock worth $327,000 after acquiring an additional 10,037 shares during the last quarter. Geode Capital Management LLC grew its holdings in Bassett Furniture Industries by 114.3% during the second quarter. Geode Capital Management LLC now owns 190,182 shares of the company’s stock valued at $2,892,000 after purchasing an additional 101,448 shares during the period. Finally, JPMorgan Chase & Co. bought a new stake in Bassett Furniture Industries in the second quarter valued at approximately $83,000. Institutional investors own 54.40% of the company’s stock.
Bassett Furniture Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Friday, May 15th. Bassett Furniture Industries’s dividend payout ratio is currently 114.29%.
Key Headlines Impacting Bassett Furniture Industries
Here are the key news stories impacting Bassett Furniture Industries this week:
- Positive Sentiment: Bassett announced a $1.5M–$2M annual cost‑savings program to start in late Q2, which management says should partially offset softer demand and support margins. Bassett outlines $1.5M-$2M annual savings plan
- Positive Sentiment: Balance sheet strength: the company reports about $51M in cash and no debt, giving it liquidity to navigate a weak environment and fund the savings initiatives. Seeking Alpha: Bassett Furniture: Cheap For A Reason As Industry Weakens
- Neutral Sentiment: Earnings call and transcripts are available for review — useful for investors who want management’s detail on sales trends, inventory and execution of the savings plan. Q1 2026 Earnings Call Transcript (InsiderMonkey)
- Neutral Sentiment: Company press release and quarter summary published — provides official figures and management commentary to compare with analyst notes. Bassett Reports Fiscal First Quarter Results
- Negative Sentiment: Q1 results missed expectations: EPS $0.13 vs. consensus $0.17 and revenue $80.34M vs. $84.38M expected — a clear near‑term earnings and sales disappointment. Zacks: Q1 Earnings and Revenues Lag Estimates
- Negative Sentiment: Operating cash flow weakened (adjusted OCF ~ $3.4M) and same‑store sales pressure signaled weaker demand in the furniture sector — raises risk to near‑term free cash flow and margin recovery. Seeking Alpha: Industry Weakens
- Negative Sentiment: Analyst revision: Sidoti trimmed FY2026 EPS to $1.01 from $1.03, reflecting softer guidance and results — another modest downward pressure on estimates. Sidoti Analysts Lower Earnings Estimates for BSET
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.
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