<div id="readability-page-1"><p>Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.07), Zacks reports. Bassett Furniture Industries had a net margin of 2.35% and a return on equity of 4.67%.</p><h2>Bassett Furniture Industries Stock Performance</h2><ul><li>Bassett Furniture: Buy Now, Sit Back, and Collect Dividends</li></ul><p>NASDAQ:BSET traded up $0.53 on Wednesday, hitting $15.95. 17,907 shares of the stock were exchanged, compared to its average volume of 13,244. The stock has a market capitalization of $138.61 million, a price-to-earnings ratio of 17.72, a P/E/G ratio of 0.91 and a beta of 0.99. Bassett Furniture Industries has a 52 week low of $13.81 and a 52 week high of $19.75. The company's 50-day moving average price is $16.40 and its 200 day moving average price is $16.10. </p><h2>Bassett Furniture Industries Announces Dividend</h2><p>The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Friday, February 13th. Bassett Furniture Industries's dividend payout ratio (DPR) is presently 88.89%. </p><h2>Institutional Investors Weigh In On Bassett Furniture Industries</h2><ul><li>Analysts Love Lovesac, But Investors Should Be Cautious</li></ul><p>A number of institutional investors and hedge funds have recently modified their holdings of BSET. Group One Trading LLC acquired a new position in  Bassett Furniture Industries in the second quarter valued at approximately $30,000.  MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of  Bassett Furniture Industries in the 2nd quarter valued at $68,000.  JPMorgan Chase &amp; Co. bought a new position in shares of  Bassett Furniture Industries in the 2nd quarter worth $83,000.  New York State Common Retirement Fund bought a new position in  Bassett Furniture Industries during the second quarter worth about $106,000.  Finally, Bank of America Corp DE boosted its holdings in  Bassett Furniture Industries by 42.4% during the second quarter. Bank of America Corp DE now owns 19,398 shares of the company's stock worth $295,000 after buying an additional 5,776 shares during the last quarter. 54.40% of the stock is owned by institutional investors. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several analysts have recently weighed in on BSET shares. Weiss Ratings  reaffirmed a &#34;hold (c)&#34; rating on shares of Bassett Furniture Industries in a report on Wednesday, January 21st. Sidoti raised Bassett Furniture Industries to a &#34;strong-buy&#34; rating in a report on Thursday, October 9th. Wall Street Zen upgraded Bassett Furniture Industries from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research report on Saturday, November 15th. Finally, Zacks Research upgraded Bassett Furniture Industries from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a report on Tuesday, December 30th. One investment analyst  has rated the stock with a Strong Buy rating and two have assigned  a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of &#34;Moderate Buy&#34;.</p><ul><li>High-Yield Bassett Furniture Rocks Into Reversal </li></ul><p><b>Check Out Our Latest Analysis on BSET</b></p><h2>Bassett Furniture Industries Company Profile</h2> (Get Free Report)<p>Bassett Furniture Industries, Inc <span>NASDAQ: BSET<span></span></span>, 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.  </p><p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Bassett Furniture Industries</li><li>AI’s Next Phase Could Devastate Millions</li><li>What a Former CIA Agent Knows About the Coming Collapse</li><li>The gold chart Wall Street is terrified of…</li><li>BREAKING: Elon Makes a Quiet Shift That Changes Everything</li><li>Missed Nvidia? Your next 12-month window</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QlNFVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QlNFVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Bassett Furniture Industries Right Now?</h2><p>Before you consider Bassett Furniture Industries, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bassett Furniture Industries wasn't on the list.</p><p>While Bassett Furniture Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

BSET

<p>Bassett Furniture Industries (NASDAQ:BSET) reported quarterly earnings of $0.23 per share, missing analysts' expectations of $0.30 by $0.07. The company has a return on equity of 4.67% and a net margin of 2.35%. The stock traded at $15.95, with a market cap of $138.61 million. Bassett also announced a quarterly dividend of $0.20, yielding 5.0%. Institutional investors hold 54.40% of the stock, and analysts have given it an average rating of "Moderate Buy."</p>

Bassett Furniture Industries (NASDAQ:BSET) Posts Earnings Results, Misses Expectations By $0.07 EPS