Bassett Furniture Industries, Inc. (BSET)

Bassett Furniture Industries, Inc. stock has experienced some fluctuations in the past six months. As of November 27, 2025, the stock price saw a decrease of 4.65% over the last six months. Recent events impacting the stock include the announcement of a regular quarterly dividend. The company also reported its fiscal year 2025 third-quarter results, where it missed analyst estimates for earnings per share but slightly exceeded revenue forecasts. Despite a positive turnaround in operating income and an improved gross margin, the stock experienced a drop of 5.46% post-earnings. The company has maintained a cautious outlook due to challenging market conditions in the furniture industry. Analysts have also increased price targets for BSET, with one instance noting a 10.53% increase to $21.42.

The demand for furniture, including Bassett's products, exhibits strong seasonality, influenced by various factors such as weather patterns, holidays, special events, and home buying/moving seasons. The furniture industry experiences peak demand during the spring as people refresh their homes after winter. Late summer also sees increased demand, driven by the back-to-school season for home office and student furniture. The fall months are significant in preparation for holiday entertaining, and January often brings post-holiday sales and New Year renovations. Outdoor furniture experiences a surge in demand during the spring and early summer months.

Bassett Furniture Industries, Inc. is a manufacturer and retailer of home furnishings in the United States. The company operates within the Consumer Discretionary sector, specifically in the Furnishings, Fixtures & Appliances industry. Bassett's business model is vertically integrated, encompassing design, manufacturing, sourcing, selling, and delivery of residential furniture and accessories through its own retail stores and wholesale channels. Its major product offerings include a wide range of home furnishings such as custom upholstery, bedroom and dining room sets, accent pieces, outdoor furniture, and home accessories like rugs, lighting, mirrors, and bedding products. The company emphasizes customization and in-house design.

Bassett Furniture Industries primarily operates within the United States and Puerto Rico. The company maintains approximately 60 company-owned retail locations and licenses its brand to about 40 additional independently operated stores across these regions. Its domestic manufacturing operations are based in facilities located in Virginia, North Carolina, and Alabama.

Bassett Furniture Industries has a strong brand reputation, built on over a century of experience in the furniture industry. The company is known for crafting furniture that combines style, comfort, and durability. Its commitment to quality and customer experience, along with its focus on customization and in-house design, contributes to its established standing in the market.

The ownership structure of Bassett Furniture Industries, Inc. is a mix of institutional, insider, and retail investors. Institutional investors hold a significant portion, with approximately 42.32% of the company's stock as of recent data, and 48.96% as of January 2025. Major institutional owners include Dimensional Fund Advisors Lp, Gamco Investors, Inc. Et Al, Vanguard Group Inc, Aegis Financial Corp, and BlackRock, Inc. Insiders own about 7.67% of the stock, while public companies and individual investors hold approximately 11.06%. Retail investors account for roughly 38.95% of the stock. Robert H. Spilman Jr., the CEO, is noted as a significant individual shareholder, owning 4.18% of the company's shares.