<div id="readability-page-1"><p>Bassett Furniture Industries (NASDAQ:BSET - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.06), FiscalAI reports. Bassett Furniture Industries had a return on equity of 3.91% and a net margin of 1.82%.The business had revenue of $80.34 million for the quarter, compared to analyst estimates of $84.38 million.</p><h2>Bassett Furniture Industries Stock Performance</h2><ul><li>Bassett Furniture: Buy Now, Sit Back, and Collect Dividends</li></ul><p>BSET traded up $0.04 during midday trading on Wednesday, hitting $14.19. The company had a trading volume of 40,728 shares, compared to its average volume of 23,791. Bassett Furniture Industries has a twelve month low of $13.70 and a twelve month high of $19.75. The company has a market capitalization of $122.74 million, a PE ratio of 20.27, a P/E/G ratio of 0.92 and a beta of 0.98. The firm's 50-day simple moving average is $15.04 and its 200-day simple moving average is $15.57. </p><h2>Bassett Furniture Industries Dividend Announcement</h2><p>The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.80 dividend on an annualized basis and a yield of 5.6%. Bassett Furniture Industries's dividend payout ratio  is currently 114.29%. </p><h2>Institutional Trading of Bassett Furniture Industries</h2><ul><li>Analysts Love Lovesac, But Investors Should Be Cautious</li></ul><p>Several hedge funds have recently modified their holdings of BSET. Jane Street Group LLC raised its position in  Bassett Furniture Industries by 87.9% in the 1st quarter. Jane Street Group LLC now owns 21,454 shares of the company's stock worth $327,000 after purchasing an additional 10,037 shares during the last quarter.  Barclays PLC boosted its position in  Bassett Furniture Industries by 21.4% in the 4th quarter. Barclays PLC now owns 22,107 shares of the company's stock valued at $371,000 after buying an additional 3,897 shares during the last quarter.  Geode Capital Management LLC increased 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 valued at $3,275,000 after buying an additional 2,796 shares during the period.  Bridgeway Capital Management LLC increased its stake in shares of  Bassett Furniture Industries by 12.4% in the 2nd quarter. Bridgeway Capital Management LLC now owns 79,434 shares of the company's stock valued at $1,207,000 after buying an additional 8,747 shares during the period.  Finally, Goldman Sachs Group Inc. raised its position in shares of  Bassett Furniture Industries by 7.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 50,981 shares of the company's stock worth $854,000 after acquiring an additional 3,595 shares during the last quarter. 54.40% of the stock is owned by institutional investors. </p><h2>Wall Street Analysts Forecast Growth</h2><p>Several analysts have recently weighed in on the stock. Wall Street Zen downgraded Bassett Furniture Industries from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Saturday, February 7th. Weiss Ratings  reiterated a &#34;hold (c)&#34; rating on shares of Bassett Furniture Industries in a research report on Wednesday, January 21st. Finally, Zacks Research cut Bassett Furniture Industries from a &#34;hold&#34; rating to a &#34;strong sell&#34; rating in a report on Friday, February 6th. One equities research analyst  has rated the stock with a Strong Buy rating, one  has given a Hold rating and one  has assigned  a Sell rating to the company's stock. Based on data from MarketBeat, the stock  has a consensus rating of &#34;Hold&#34;.</p><ul><li>High-Yield Bassett Furniture Rocks Into Reversal </li></ul><p><b>View Our Latest Research Report on Bassett Furniture Industries</b></p><h2>About Bassett Furniture Industries</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>Featured Articles</h2><ul><li>Five stocks we like better than Bassett Furniture Industries</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 Hold 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 $0.13 per share, missing estimates of $0.19 by $0.06. Revenue was $80.34 million, below the expected $84.38 million. The company has a return on equity of 3.91% and a net margin of 1.82%. Additionally, Bassett announced a quarterly dividend of $0.20 per share, with a yield of 5.6%. Analysts have mixed ratings on the stock, with a consensus rating of "Hold."</p>

Bassett Furniture Industries (NASDAQ:BSET) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS