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.

Bassett Furniture Industries (NASDAQ:BSET) last issued its quarterly earnings data on Thursday, June 28th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. Bassett Furniture Industries had a net margin of 2.82% and a return on equity of 7.93%. The company had revenue of $116.00 million during the quarter, compared to analysts’ expectations of $112.86 million. During the same quarter in the previous year, the company earned $0.54 earnings per share. research analysts expect that Bassett Furniture Industries will post 1.33 earnings per share for the current year.

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.

Read More: NASDAQ Stock Market Explained

Receive News & Ratings for Bassett Furniture Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bassett Furniture Industries and related companies with MarketBeat.com's FREE daily email newsletter.