Bassett Furniture Industries (NASDAQ:BSET) Upgraded at Wall Street Zen

Posted by Geri Gentry on Nov 3rd, 2026

Wall Street Zen upgraded shares of Bassett Furniture Industries (NASDAQ:BSET – Free Report) from a buy rating to a strong-buy rating in a research report released on Saturday,Wall Street Zen reports.

A number of other equities analysts have also weighed in on the company. Freedom Broker upgraded Bassett Furniture Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. Weiss Ratings upgraded Bassett Furniture Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 28th. Finally, Zacks Research lowered Bassett Furniture Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 7th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Bassett Furniture Industries has a consensus rating of “Buy”.

Read Our Latest Analysis on Bassett Furniture Industries

Bassett Furniture Industries Trading Up 3.5%

Bassett Furniture Industries stock opened at $23.29 on Friday. The firm’s 50 day simple moving average is $19.75 and its 200 day simple moving average is $17.10. The firm has a market capitalization of $201.46 million, a PE ratio of 26.05, a price-to-earnings-growth ratio of 1.26 and a beta of 0.72. Bassett Furniture Industries has a 1-year low of $13.17 and a 1-year high of $23.42.

Bassett Furniture Industries (NASDAQ:BSET – Get Free Report) last posted its earnings results on Wednesday, September 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.11. The business had revenue of $82.84 million for the quarter, compared to analysts’ expectations of $82.77 million. Bassett Furniture Industries had a net margin of 2.02% and a return on equity of 4.36%. Research analysts forecast that Bassett Furniture Industries will post 1.09 earnings per share for the current year.

Bassett Furniture Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, November 13th. Bassett Furniture Industries’s dividend payout ratio is presently 101.27%.

Institutional Trading of Bassett Furniture Industries

Hedge funds have recently modified their holdings of the business. Westhampton Capital LLC lifted its holdings in shares of Bassett Furniture Industries by 11.8% during the third quarter. Westhampton Capital LLC now owns 22,998 shares of the company’s stock valued at $402,000 after purchasing an additional 2,427 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Bassett Furniture Industries in the 2nd quarter worth about $59,000. Empowered Funds LLC boosted its stake in Bassett Furniture Industries by 9.2% in the 1st quarter. Empowered Funds LLC now owns 42,076 shares of the company’s stock worth $595,000 after purchasing an additional 3,532 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Bassett Furniture Industries by 4.0% in the 1st quarter. Renaissance Technologies LLC now owns 304,161 shares of the company’s stock worth $4,304,000 after purchasing an additional 11,700 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Bassett Furniture Industries during the second quarter valued at approximately $246,000. Institutional investors own 54.40% of the company’s stock.

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 has a long history in the furniture industry and is known for offering products designed for residential interiors.

Bassett’s product portfolio includes upholstered furniture, casegoods, bedroom furniture, dining furniture, occasional tables, mattresses, lighting, rugs, accessories and outdoor furnishings. The company offers furniture through its Bassett Home Furnishings retail stores, online channels and a wholesale network serving independent furniture retailers and other customers.

The company serves customers primarily in the United States.