Last $15.16 USD
Change Today +0.08 / 0.53%
Volume 18.2K
BSET On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

bassett furniture inds (BSET) Snapshot

Open
$15.14
Previous Close
$15.08
Day High
$15.16
Day Low
$14.97
52 Week High
12/27/13 - $16.31
52 Week Low
06/23/14 - $11.88
Market Cap
161.2M
Average Volume 10 Days
19.7K
EPS TTM
$0.55
Shares Outstanding
10.6M
EX-Date
08/13/14
P/E TM
27.7x
Dividend
$0.32
Dividend Yield
3.03%
Current Stock Chart for BASSETT FURNITURE INDS (BSET)

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bassett furniture inds (BSET) Details

Bassett Furniture Industries, Incorporated manufactures, imports, and retails home furnishings in the United States. The company operates in three segments: Wholesale, Retail, and Investments and Real Estate. The Wholesale segment is involved in the design, manufacture, sourcing, sale, and distribution of furniture products to a network of Bassett Home Furnishings stores, which are company-owned and licensee-owned retail stores, as well as independent furniture retailers; and wood and upholstery operations. The Retail segment operates a network of 55 company-owned stores and 34 licensee-owned stores. The Investments and Real Estate segment consists of retail real estate leased or previously leased as licensee stores; and equity investments in Zenith Freight Lines, LLC. Bassett Furniture Industries, Incorporated was founded in 1902 and is based in Bassett, Virginia.

1,501 Employees
Last Reported Date: 01/23/14
Founded in 1902

bassett furniture inds (BSET) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $372.9K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $177.9K
Senior Vice President of Retail
Total Annual Compensation: $323.8K
Senior Vice President of Upholstery
Total Annual Compensation: $179.6K
Senior Vice-President of Global Sourcing and ...
Total Annual Compensation: $179.6K
Compensation as of Fiscal Year 2013.

bassett furniture inds (BSET) Key Developments

Bassett Increases Quarterly Dividend Payable on August 29, 2014

Bassett Furniture Industries Inc. announced that its Board of Directors has declared a dividend of $0.08 per share of outstanding common stock payable on August 29, 2014 to shareholders of record at the close of business August 15, 2014.

Bassett Furniture Industries, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended May 31, 2014

Bassett Furniture Industries Inc. announced unaudited consolidated earnings results for the second quarter and six months ended May 31, 2014. For the quarter, the company's net sales were $85.2 million compared with $81.2 million a year ago. Operating income was $3.9 million compared with $3.4 million a year ago. This was primarily due to improved gross margins, partially offset by $0.5 million of higher new store related losses (both pre- and post-opening). Income before income taxes was $3.6 million compared with $3.3 million a year ago. Net income was $2.55 million or $0.24 per diluted share compared with $1.95 million or $0.18 per diluted share a year ago. The company generated $8.5 million in operating cash during the quarter. For the six months, the company's net sales were $160.8 million compared with $161.1 million a year ago. Operating income was $4.98 million compared with $5.8 million a year ago. Income before income taxes was $4.99 million compared with $4.98 million a year ago. Net income was $3.4 million or $0.31 per diluted share compared with $2.93 million or $0.27 per diluted share a year ago. Net cash provided by operating activities was $13.8 million compared with $2.8 million a year ago. Purchases of property and equipment were $12.2 million compared with $5.2 million a year ago.

Bassett Furniture Industries, Incorporated(NasdaqGS:BSET) dropped from Russell 2000 Index

Bassett Furniture Industries, Incorporated will be removed from the Russell 2000 Index.

 

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Industry Analysis

BSET

Industry Average

Valuation BSET Industry Range
Price/Earnings 29.6x
Price/Sales 0.5x
Price/Book 1.0x
Price/Cash Flow 29.0x
TEV/Sales 0.4x
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