Bassett Furniture Industries (NASDAQ:BSET) Upgraded by BidaskClub to “Sell”
Bassett Furniture Industries (NASDAQ:BSET) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday, August 23rd.
BSET has been the subject of several other reports. Zacks Investment Research upgraded shares of Bassett Furniture Industries from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 30th. Sidoti upgraded shares of Bassett Furniture Industries from a “neutral” rating to a “buy” rating in a research report on Thursday, May 10th. Finally, ValuEngine lowered shares of Bassett Furniture Industries from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $39.00.
Shares of BSET traded up $1.05 during trading hours on Thursday, hitting $22.30. The company’s stock had a trading volume of 26,074 shares, compared to its average volume of 34,049. The company has a market capitalization of $226.53 million, a price-to-earnings ratio of 14.97 and a beta of 0.78. Bassett Furniture Industries has a 52-week low of $21.03 and a 52-week high of $41.30.
Institutional investors and hedge funds have recently made changes to their positions in the company. KBC Group NV raised its holdings in Bassett Furniture Industries by 48.5% during the 1st quarter. KBC Group NV now owns 6,365 shares of the company’s stock valued at $193,000 after buying an additional 2,079 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in Bassett Furniture Industries during the 4th quarter valued at $202,000. Citadel Advisors LLC bought a new stake in Bassett Furniture Industries during the 1st quarter valued at $224,000. Alps Advisors Inc. purchased a new position in Bassett Furniture Industries during the 2nd quarter valued at $227,000. Finally, Element Capital Management LLC purchased a new position in Bassett Furniture Industries during the 1st quarter valued at $228,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.
Bassett Furniture Industries Company Profile
Bassett Furniture Industries, Incorporated manufactures, markets, and retails home furnishings in the United States. The company operates in three segments: Wholesale, Retail, and Logistical Services. It is involved in the design, manufacture, sourcing, sale, and distribution of furniture products to a network of company-owned and licensee-owned Bassett Home Furnishings (BHF) retail stores, as well as independent furniture retailers; and wood and upholstery operations.
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