Sidoti Has Pessimistic Outlook of BSET Q1 Earnings

Bassett Furniture Industries, Incorporated (NASDAQ:BSET) – Investment analysts at Sidoti dropped their Q1 2026 EPS estimates for shares of Bassett Furniture Industries in a report released on Monday, March 30th. Sidoti analyst A. Lebiedzinski now forecasts that the company will post earnings of $0.15 per share for the quarter, down from their prior estimate 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.

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

Bassett Furniture Industries Price Performance

NASDAQ:BSET opened at $14.21 on Tuesday. Bassett Furniture Industries has a one year low of $13.70 and a one year high of $19.75. The company has a market cap of $122.92 million, a PE ratio of 20.30, a PEG ratio of 0.89 and a beta of 0.98. The firm has a 50-day moving average of $15.09 and a 200-day moving average of $15.59.

Bassett Furniture Industries (NASDAQ:BSET) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.07). The business had revenue of $88.67 million during the quarter, compared to the consensus estimate of $86.90 million. Bassett Furniture Industries had a net margin of 1.82% and a return on equity of 3.91%.

Institutional Investors Weigh In On Bassett Furniture Industries

A number of institutional investors have recently added to or reduced their stakes in BSET. Aegis Financial Corp increased its stake in Bassett Furniture Industries by 5.3% in the 4th quarter. Aegis Financial Corp now owns 501,119 shares of the company’s stock valued at $8,399,000 after buying an additional 25,000 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Bassett Furniture Industries by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 195,368 shares of the company’s stock worth $3,275,000 after buying an additional 2,796 shares during the last quarter. State Street Corp boosted its stake in shares of Bassett Furniture Industries by 5.8% in the 4th quarter. State Street Corp now owns 119,643 shares of the company’s stock worth $2,005,000 after buying an additional 6,558 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Bassett Furniture Industries by 10.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 91,786 shares of the company’s stock valued at $1,538,000 after acquiring an additional 8,743 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Bassett Furniture Industries by 7.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 50,981 shares of the company’s stock valued at $854,000 after acquiring an additional 3,595 shares in the last quarter. 54.40% of the stock is owned by institutional investors.

Bassett Furniture Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, May 15th. Bassett Furniture Industries’s dividend payout ratio (DPR) is presently 114.29%.

About Bassett Furniture Industries

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.