The stock traded as high as $34.75 and last traded at $34.54, with a volume of 285,623 shares trading hands. The stock had previously closed at $28.41.
The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. The company had revenue of $11.60 million for the quarter, compared to the consensus estimate of $10.50 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis.
In other Bassett Furniture Industries news, Director Howard H. Haworth sold 3,000 shares of Bassett Furniture Industries stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $31.65, for a total transaction of $94,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
The stock’s 50-day moving average is $28.14 and its 200-day moving average is $25.71. The company has a market cap of $368.25 million and a price-to-earnings ratio of 25.31.
Bassett Furniture Industries, Incorporated (NASDAQ:BSET) is a manufacturer, importer and retailer of home furnishings. The Company operates in three segments: Wholesale, Retail, and Investments and Real Estate. The Company’s store features custom order furniture ready for delivery in less than 30 days, more than 1,000 upholstery fabrics, free in-home design visits and decorating accessories. The Company’s range of furniture products and accessories are designed and sold through a network of 94 retail stores known as Bassett Home Furnishings (BHF). Of the 94 stores, the Company owns and operates 60 stores with the other 34 being independently owned. The Company also distributes its products through other multi-line furniture stores, many of which feature Bassett galleries or design centers, specialty stores and mass merchants.