Bassett Furniture
BSET

$13.79

0.79%

Market Cap: $122M

About: Bassett Furniture Industries Inc is a manufacturer, marketer, and retailer of home furnishings products in the United States. It operates through the following segments: The Wholesale segment focuses on the design, manufacture, sourcing, sale, and distribution of furniture products, the Retail segment which consists of company-owned stores, and the Corporate and others segment.

Employees: 1,389

Consumer Discretionary Wood Household Furniture, Except Upholstered

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

4.36% less ownership

Funds ownership: 53.96% [Q1] → 49.59% (-4.36%) [Q2]

5% less funds holding

Funds holding: 57 [Q1] → 54 (-3) [Q2]

11% less capital invested

Capital invested by funds: $70.2M [Q1] → $62.2M (-$7.93M) [Q2]

43% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 7

68% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 28

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Research analyst outlook

We haven’t received any recent analyst ratings for BSET.

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Financial journalist opinion

Bassett Furniture Industries, Incorporated (BSET) Q2 2024 Earnings Call Transcript

Bassett Furniture Industries, Incorporated (NASDAQ:BSET ) Q2 2024 Earnings Conference Call July 11, 2024 9:00 AM ET Company Participants Mike Daniel - Chief Financial Officer Rob Spilman, Jr. - Chairman & Chief Executive Officer Conference Call Participants Anthony Lebiedzinski - Sidoti Budd Bugatch - Water Tower Research Operator Hello, and thank you for standing by, and welcome to Bassett Furniture Industries Q2 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Bassett Furniture Industries, Incorporated (BSET) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Bassett (BSET) Q2 Earnings & Sales Lag Estimates, Down Y/Y

Challenging housing market hurt Bassett's (BSET) second-quarter fiscal 2024 results.

Bassett (BSET) Q2 Earnings & Sales Lag Estimates, Down Y/Y

Zacks Investment Research

Bassett Furniture (BSET) Reports Q2 Loss, Misses Revenue Estimates

Bassett Furniture (BSET) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to earnings of $0.15 per share a year ago.

Bassett Furniture (BSET) Reports Q2 Loss, Misses Revenue Estimates

Bassett Furniture Builds a Data-Driven Culture with Domo

SILICON SLOPES, Utah--(BUSINESS WIRE)--Today, Domo (Nasdaq: DOMO) announced that Bassett Furniture Industries, Inc. (Nasdaq: BSET) integrates Domo throughout its operations – from corporate headquarters to retail stores and its distribution team – to power data-driven decisions. Bassett Furniture started working with Domo in 2020 and now uses real-time data to engage retailers, select the right merchandise for a specific region, reduce unnecessary inventory and maximize retail space. Since 1902.

Bassett Furniture Builds a Data-Driven Culture with Domo

Bassett Reports Fiscal Second Quarter Results and Launches Restructuring Plan

BASSETT, Va., July 10, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) reported today its results of operations for its second quarter ended June 1, 2024. The Company also announced a restructuring plan designed to improve long-term operational and financial performance.

Bassett Reports Fiscal Second Quarter Results and Launches Restructuring Plan

Bassett Announces 11% Increase in Regular Quarterly Dividend

BASSETT, Va., July 09, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.20 per share of common stock, payable on August 30, 2024, to shareholders of record at the close of business on August 16, 2024 which represents an 11% increase over the prior quarterly dividend.

Bassett Announces 11% Increase in Regular Quarterly Dividend

Bassett Furniture: Caution Is Required Ahead Of Q2 Results

Bassett Furniture Industries, Incorporated has continued reporting soft financials as industry weakness continues, pushing operating income into negative territory. Bassett's retail distribution updates, cost initiatives, and elevated gross margins should eventually improve margins with a macroeconomic recovery. The company looks to report Q2 results soon, and while Wall Street analysts estimate slight sequential growth, I believe that higher caution is required as the industry echoes continued weakness.

Bassett Furniture: Caution Is Required Ahead Of Q2 Results

Bassett Announces Second Quarter Conference Call

BASSETT, Va., July 02, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) today announced it will host a conference call with management on Thursday, July 11, 2024, at 9:00 a.m. ET to discuss its second quarter 2024 financial results. The Company will issue its earnings release after the market closes on Wednesday, July 10, 2024. Chairman and Chief Executive Officer Rob Spilman will host the call, along with Chief Financial Officer Mike Daniel.

Bassett Announces Second Quarter Conference Call

Zacks Investment Research

Bassett (BSET) to Report Q2 Earnings: What's in the Offing?

Bassett's (BSET) second-quarter fiscal 2024 performance is expected to be hurt by the soft home furnishings market.

Bassett (BSET) to Report Q2 Earnings: What's in the Offing?

Bassett Furniture Industries, Inc. to Present at Water Tower Research's Inaugural Consumer Products Virtual Investor Conference on June 6, 2024

Bassett, Virginia--(Newsfile Corp. - June 3, 2024) - Bassett Furniture Industries, Inc. (NASDAQ: BSET), announced today that Rob Spilman, Chief Executive Officer and Chairman of the Board, will be presenting at WTR's inaugural Consumer Products Virtual Investor Conference. Mr. Spilman will be participating via a virtual fireside chat with Budd Bugatch, WTR's Head of Consumer Hardlines, on June 6 at 11:15 am ET.

Bassett Furniture Industries, Inc. to Present at Water Tower Research's Inaugural Consumer Products Virtual Investor Conference on June 6, 2024

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