Bassett Furniture Industries, Incorporated (BSET)

NASDAQ: BSET · IEX Real-Time Price · USD
13.79
-0.36 (-2.54%)
At close: Sep 22, 2023, 4:00 PM
14.00
+0.21 (1.52%)
After-hours: Sep 22, 2023, 6:09 PM EDT
-2.54%
Market Cap 121.87M
Revenue (ttm) 447.25M
Net Income (ttm) 16.18M
Shares Out 8.84M
EPS (ttm) 1.84
PE Ratio 7.49
Forward PE 30.73
Dividend $0.72 (5.22%)
Ex-Dividend Date Aug 10, 2023
Volume 5,364
Open 14.26
Previous Close 14.15
Day's Range 13.79 - 14.34
52-Week Range 13.30 - 19.99
Beta 1.64
Analysts Hold
Price Target n/a
Earnings Date Sep 28, 2023

About BSET

Bassett Furniture Industries, Incorporated engages in the manufacture, marketing, and retail of home furnishings in the United States and internationally. It operates through two segments: Wholesale and Retail "company-owned Stores. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products to a network of company-owned retail stores and licensee-owned stores, and independent furniture retailers; and wood and upholstery operations. As of November 26, 2022, it operated a network of 58 company-owned sto... [Read more]

IPO Date Jan 1, 1987
Employees 1,561
Stock Exchange NASDAQ
Ticker Symbol BSET
Full Company Profile

Financial Performance

In 2022, BSET's revenue was $485.60 million, an increase of 12.70% compared to the previous year's $430.89 million. Earnings were $65.35 million, an increase of 262.18%.

Financial Statements

News

Bassett Announces Certain Preliminary Financial Results for the Fiscal Third Quarter

BASSETT, Va., Sept. 06, 2023 (GLOBE NEWSWIRE) -- September 6, 2023 – Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that consolidated net sales for the quarter ended August 26, 2023...

17 days ago - GlobeNewsWire

Bassett Increases Quarterly Dividend by 12.5%

BASSETT, Va., July 12, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has increased the quarterly dividend by 12.5%, declaring a...

2 months ago - GlobeNewsWire

High-Yield Bassett Furniture Rocks Into Reversal

The furniture industry has struggled, but indications from Bassett Furniture NASDAQ: BSET echo news from other furniture manufacturers and have the shares rocketing higher. The takeaway is that normal...

2 months ago - MarketBeat

Bassett Announces Fiscal Second Quarter Results

BASSETT, Va., June 29, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today its results of operations for its second quarter ended May 27, 2023.

3 months ago - GlobeNewsWire

Bassett Furniture: A Small-Cap Value Stock

Despite a bumpy history and several bankruptcies, if a company can survive the panic of 1907, the crash of 1929 and the Great Depression, Black Monday of 1987, and more recently the dot-com crash of 2...

3 months ago - GuruFocus

Bassett Furniture partners with Network-as-a-Service provider Acuative

FAIRFIELD, N.J. , May 15, 2023 /PRNewswire/ -- Bassett Furniture Industries, Inc. has signed a contract with Acuative to support its growing need for efficient, state-of-the-art networking communicati...

4 months ago - PRNewsWire

Bassett Announces Fiscal First Quarter Results

BASSETT, Va., March 30, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today its results of operations for its first quarter ended February 25, 2023.

6 months ago - GlobeNewsWire

Bassett Regular Quarterly Dividend

BASSETT, Va, March 09, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.16 per sha...

7 months ago - GlobeNewsWire

Bassett Announces Fiscal Fourth Quarter Results

BASSETT, Va., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today its results of operations for its fourth quarter ended November 26, 2022.

8 months ago - GlobeNewsWire

Bassett Furniture and Synchrony Partner on Multi-Year Financing Program

Program Will Launch as Part of Synchrony's HOME Network™ STAMFORD, Conn. , Jan. 11, 2023 /PRNewswire/ -- Synchrony (NYSE: SYF), a leading consumer financing company, today announced that they are rees...

Other symbols: SYF
9 months ago - PRNewsWire

Bassett Comments on Proposal by CSC Generation Holdings

Board Unanimously Rejected CSC Proposals as They Undervalued the Company Board Unanimously Rejected CSC Proposals as They Undervalued the Company

1 year ago - GlobeNewsWire

Basset Furniture rallies after CSC Generation discloses buyout offer

Bassett Furniture Industries Inc. BSET, +13.57% rallied 15% in early trades Tuesday after CSC Generation Holdings Inc. offered to buy the company for $21 a share. CSC Generation said it's making the o...

1 year ago - Market Watch

CSC Generation Submits Proposal to Acquire Bassett Furniture Industries for $21 Per Share in Cash

MERRILLVILLE, Ind.--(BUSINESS WIRE)--CSC Generation Holdings, Inc. today released the below correspondence sent to Bassett Furniture Industries, Incorporated (Nasdaq: BSET), which details CSC's $21 pe...

1 year ago - Business Wire

Bassett Announces Fiscal Third Quarter Results

BASSETT, Va., Sept. 29, 2022 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today its results of operations for its third quarter ended August 27, 2022.

1 year ago - GlobeNewsWire

Bassett Announces Purchase of Noa Home Inc.

BASSETT, Va., Sept. 06, 2022 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (NASDAQ: BSET) announced today that it has acquired the capital stock of Noa Home Inc. (“Noa”), a mid-priced e-comme...

1 year ago - GlobeNewsWire

Bassett Increases Regular Quarterly Dividend by 14%

BASSETT, Va., July 14, 2022 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has increased the quarterly dividend by 14%, declaring a r...

1 year ago - GlobeNewsWire

Basset Furniture Quietly Proves Its Value

The entire furniture industry has been in a correction and Basset Furniture (NASDAQ: BSET) was not immune. The correction was driven by historically high valuations, fear of slowing growth, peak-rebou...

1 year ago - MarketBeat

Three Stocks To Buy Before They Report Q1 Earnings

We expect the Q1 earnings reporting season to be rocky. Inflation and supply chain headwinds are mounting in the wake of the Ukrainian invasion and threaten both the top and bottom lines of many busin...

Other symbols: HVTLOVELZB
1 year ago - MarketBeat

Bassett Boosts Buyback, Declares Special Dividend

Bassett Furniture Industries Inc's (NASDAQ: BSET) Board has increased the company's share repurchase authorization to $40 million. The Board has declared a special dividend of $1.50 per share of commo...

1 year ago - Benzinga

Bassett Declaration of Special Dividend, Regular Dividend and an Increase in Share Repurchase Authorization

BASSETT, Va., March 11, 2022 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has:

1 year ago - GlobeNewsWire

J B Hunt To Acquire Zenith Freight Lines From Bassett For ~$87M

J B Hunt Transport Services Inc (NASDAQ: JBHT) has agreed to acquire the assets of Zenith Freight Lines LLC, a wholly-owned subsidiary of Bassett Furniture Industries Inc (NASDAQ: BSET), for about $87...

Other symbols: JBHT
1 year ago - Benzinga

Basset Furniture shares are up 30% on Monday: this is why

Shares of Bassett Furniture Industries Inc (NASDAQ: BSET) are up 30% on Monday after the furniture manufacturer and retailer announced an $87 million deal with J.B. Hunt Transport Services Inc. Basset...

1 year ago - Invezz

J.B. Hunt acquires furniture hauler from Bassett in $87M deal

J.B. Hunt Transport announced Monday it entered an agreement to acquire furniture hauler Zenith Freight Lines for $87 million. The deal is expected to bolster J.B.

Other symbols: JBHT
1 year ago - FreightWaves

Bassett Announces Fiscal Fourth Quarter Results and Discusses Sale of Zenith Assets

BASSETT, Va., Jan. 31, 2022 (GLOBE NEWSWIRE) -- Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today its results of operations for its fourth quarter ended November 27, 2021 and discusses...

1 year ago - GlobeNewsWire

J.B. Hunt to Acquire Zenith Freight Lines From Bassett

BASSETT, Va. & LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, and Bassett Furniture Industries, ...

Other symbols: JBHT
1 year ago - Business Wire