Bassett Furniture Industries (NASDAQ:BSET) Upgraded by StockNews.com to “Buy” Rating

Bassett Furniture Industries (NASDAQ:BSETGet Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Bassett Furniture Industries Price Performance

NASDAQ:BSET opened at $14.56 on Friday. Bassett Furniture Industries has a 1 year low of $12.10 and a 1 year high of $16.00. The business has a fifty day simple moving average of $14.23 and a two-hundred day simple moving average of $14.03. The company has a market capitalization of $128.13 million, a P/E ratio of -13.24, a P/E/G ratio of 1.11 and a beta of 1.69.

Bassett Furniture Industries (NASDAQ:BSETGet Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.38 earnings per share (EPS) for the quarter, beating 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 anticipate that Bassett Furniture Industries will post 0.8 earnings per share for the current year.

Hedge Funds Weigh In On Bassett Furniture Industries

An institutional investor recently raised its position in Bassett Furniture Industries stock. Empowered Funds LLC raised its stake in shares of Bassett Furniture Industries, Incorporated (NASDAQ:BSETFree Report) by 4.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,554 shares of the company’s stock after buying an additional 1,135 shares during the quarter. Empowered Funds LLC owned about 0.30% of Bassett Furniture Industries worth $367,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 54.40% of the company’s stock.

Bassett Furniture Industries Company Profile

(Get Free Report)

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.

Featured Stories

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.