Bassett Furniture Industries (NASDAQ:BSET) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Posted by Francis Steltz on Sep 19th, 2026

Bassett Furniture Industries, Incorporated (NASDAQ:BSET – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $16.62 and traded as high as $17.75. Bassett Furniture Industries shares last traded at $17.49, with a volume of 17,671 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BSET shares. Wall Street Zen upgraded shares of Bassett Furniture Industries from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings upgraded Bassett Furniture Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 14th. Finally, Zacks Research lowered Bassett Furniture Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

View Our Latest Stock Analysis on BSET

Bassett Furniture Industries Price Performance

The stock has a market cap of $154.06 million, a PE ratio of 27.80, a price-to-earnings-growth ratio of 1.23 and a beta of 0.77. The stock’s fifty day moving average is $19.32 and its 200-day moving average is $16.62.

Bassett Furniture Industries (NASDAQ:BSET – Get Free Report) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. The business had revenue of $83.75 million during the quarter, compared to analysts’ expectations of $83.32 million. Bassett Furniture Industries had a net margin of 1.65% and a return on equity of 3.56%. During the same quarter in the prior year, the company posted $0.22 EPS. On average, sell-side analysts expect that Bassett Furniture Industries, Incorporated will post 0.89 EPS for the current fiscal year.

Bassett Furniture Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $0.20 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.80 dividend on an annualized basis and a yield of 4.5%. Bassett Furniture Industries’s payout ratio is currently 125.00%.

Hedge Funds Weigh In On Bassett Furniture Industries

A number of hedge funds have recently modified their holdings of the business. Aegis Financial Corp raised its holdings in Bassett Furniture Industries by 4.4% in the 2nd quarter. Aegis Financial Corp now owns 550,413 shares of the company’s stock valued at $9,753,000 after buying an additional 23,416 shares during the period. Renaissance Technologies LLC boosted its stake in Bassett Furniture Industries by 4.0% during the first quarter. Renaissance Technologies LLC now owns 304,161 shares of the company’s stock worth $4,304,000 after buying an additional 11,700 shares during the period. BlackRock Inc. purchased a new position in Bassett Furniture Industries during the second quarter worth about $3,032,000. Bank of New York Mellon Corp acquired a new stake in shares of Bassett Furniture Industries during the second quarter valued at about $1,274,000. Finally, Empowered Funds LLC acquired a new stake in shares of Bassett Furniture Industries during the second quarter valued at about $746,000. 54.40% of the stock is currently owned by hedge funds and other institutional investors.

About Bassett Furniture Industries

(Get Free Report)

Bassett Furniture Industries, Incorporated is a home furnishings company headquartered in Bassett, Virginia. Founded in 1902, the company built its heritage in wooden furniture and has expanded into a broader range of residential furnishings.

Bassett designs, manufactures, sources and sells products including upholstered furniture, bedroom and dining furniture, occasional tables, home office furnishings, mattresses, rugs, lighting and decorative accessories. Its offerings are marketed under the Bassett brand, with an emphasis on coordinated room collections, customization and design services.

The company serves consumers primarily in the United States through company-owned and licensed Bassett Home Furnishings stores, its website and other retail channels.