Bassett Furniture Industries (NASDAQ:BSET) Upgraded at StockNews.com

StockNews.com upgraded shares of Bassett Furniture Industries (NASDAQ:BSET) from a hold rating to a buy rating in a report issued on Friday.

Bassett Furniture Industries Trading Down 0.4 %

BSET stock opened at $14.56 on Friday. The firm has a market cap of $128.14 million, a PE ratio of -13.24, a PEG ratio of 1.11 and a beta of 1.69. Bassett Furniture Industries has a 1 year low of $12.10 and a 1 year high of $16.00. The company has a fifty day simple moving average of $14.23 and a 200 day simple moving average of $14.03.

Bassett Furniture Industries (NASDAQ:BSET) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.33. Bassett Furniture Industries had a negative return on equity of 2.42% and a negative net margin of 2.94%. As a group, analysts forecast that Bassett Furniture Industries will post 0.8 EPS for the current fiscal year.

Bassett Furniture Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.80 annualized dividend and a yield of 5.49%. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently -72.73%.

Institutional Trading of Bassett Furniture Industries

A hedge fund recently raised its stake in Bassett Furniture Industries stock. Barclays PLC increased its position in Bassett Furniture Industries, Incorporated (NASDAQ:BSET) by 51.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,124 shares of the company’s stock after acquiring an additional 3,459 shares during the quarter. Barclays PLC owned about 0.12% of Bassett Furniture Industries worth $146,000 at the end of the most recent quarter. 54.40% of the stock is currently owned by institutional investors.

Bassett Furniture Industries Company Profile

Bassett Furniture Industries, Incorporated, together with its subsidiaries, manufactures, markets, and retails home furnishings in the United States and internationally. It operates in three segments: Wholesale, Retail Company-Owned Stores, and Corporate and Other. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products, including dining, bedroom and bedding, home decorations, rugs, and outdoor furniture to a network of company-owned retail stores, licensee-owned stores, and independent retailers.