BSET icon

Bassett Furniture

14.00 USD
+0.14
1.01%
At close Dec 20, 4:00 PM EST
1 day
1.01%
5 days
2.04%
1 month
-3.51%
3 months
-6.67%
6 months
-0.36%
Year to date
-15.05%
1 year
-12.94%
5 years
-17.74%
10 years
-26.24%
 

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

0
Funds holding %
of 6,809 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

1% more capital invested

Capital invested by funds: $62.5M [Q2] → $62.8M (+$367K) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

0.32% less ownership

Funds ownership: 49.78% [Q2] → 49.46% (-0.32%) [Q3]

7% less funds holding

Funds holding: 54 [Q2] → 50 (-4) [Q3]

57% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 7

68% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 22

Research analyst outlook

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

Financial journalist opinion

Based on 3 articles about BSET published over the past 30 days

Neutral
Business Wire
1 week ago
Seldens Expands Presence in Bellevue: Fourth-Generation Family Business Brings New Bassett® Furniture Showroom to Puget Sound
BELLEVUE, Wash.--(BUSINESS WIRE)--Seldens, a family-owned home furnishings and design consultation business serving the Pacific Northwest for over 80 years, announced its latest expansion with the opening of a new Bassett® showroom in Bellevue, Washington. This expansion solidifies the Seldens presence in the area, following the successful opening of the Tacoma Bassett showroom, and joining the three Seldens locations in Bellevue, Olympia and Tacoma, and two Summer House outdoor furniture showr.
Seldens Expands Presence in Bellevue: Fourth-Generation Family Business Brings New Bassett® Furniture Showroom to Puget Sound
Negative
Zacks Investment Research
2 weeks ago
New Strong Sell Stocks for December 3rd
BSET, BEN and HTCMY have been added to the Zacks Rank #5 (Strong Sell) List on December 3, 2024.
New Strong Sell Stocks for December 3rd
Positive
Zacks Investment Research
4 weeks ago
Bassett Cuts Workforce to Drive Cost Savings & Restructuring Progress
BSET has reduced its workforce to streamline operations and generate significant cost savings as part of the company's ongoing restructuring efforts.
Bassett Cuts Workforce to Drive Cost Savings & Restructuring Progress
Negative
Zacks Investment Research
1 month ago
New Strong Sell Stocks for October 29th
CVI, BSET and BAMXF have been added to the Zacks Rank #5 (Strong Sell) List on October 29, 2024.
New Strong Sell Stocks for October 29th
Negative
Zacks Investment Research
2 months ago
New Strong Sell Stocks for October 15th
AMTB, CAR and BSET have been added to the Zacks Rank #24 (Strong Sell) List on October 15, 2024.
New Strong Sell Stocks for October 15th
Negative
Seeking Alpha
2 months ago
Bassett Furniture: Cybersecurity Incident Weakened Q3
Bassett Furniture reported weak Q3 results due to a cybersecurity incident and persisting weak industry conditions, but I believe that the factors behind the earnings make the weak Q3 understandable. The company is undergoing a restructuring plan to improve earnings by $5.5-6.5 million and looks to cut production and streamline operations by the end of Q4. The BSET stock comes with a good margin of safety in terms of the valuation, but with a still uncertain industry outlook and Bassett's uncertain earnings power, I remain neutral.
Bassett Furniture: Cybersecurity Incident Weakened Q3
Neutral
Seeking Alpha
2 months ago
Bassett Furniture Industries, Incorporated (BSET) Q3 2024 Earnings Call Transcript
Bassett Furniture Industries, Incorporated (NASDAQ:BSET ) Q3 2024 Earnings Conference Call October 10, 2024 9:00 AM ET Company Participants Mike Daniel - Chief Financial Officer Rob Spilman - Chairman and Chief Executive Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Brian Gordon - Water Tower Research Operator Good day and thank you for standing by. Welcome to Bassett Furniture Industries Q3 2024 Earnings Conference Call.
Bassett Furniture Industries, Incorporated (BSET) Q3 2024 Earnings Call Transcript
Negative
Zacks Investment Research
2 months ago
Bassett Furniture (BSET) Reports Q3 Loss, Lags Revenue Estimates
Bassett Furniture (BSET) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to loss of $0.30 per share a year ago.
Bassett Furniture (BSET) Reports Q3 Loss, Lags Revenue Estimates
Neutral
GlobeNewsWire
2 months ago
Bassett Reports Fiscal Third Quarter Results, Updates Progress on Restructuring Plan and Announces Regular Quarterly Dividend
BASSETT, Va., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) reported today its results of operations for its third quarter ended August 31, 2024. In addition, the Company's Board of Directors declared a regular quarterly dividend of $0.20 per share of common stock, payable on Nov. 29, 2024, to shareholders of record at the close of business on Nov. 15, 2024. This dividend represents an 11% increase over the prior year's quarterly dividend.
Bassett Reports Fiscal Third Quarter Results, Updates Progress on Restructuring Plan and Announces Regular Quarterly Dividend
Neutral
Zacks Investment Research
2 months ago
BSET Gears Up to Report Q3 Earnings: Here's What You Should Know
Bassett's third-quarter fiscal 2024 results are likely to showcase a declining demand trend amid market uncertainties and the closure of manufacturing plants.
BSET Gears Up to Report Q3 Earnings: Here's What You Should Know
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