Bassett Furniture Industries Upgraded to B by TheStreet

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Bassett Furniture Industries ($NASDAQ:BSET) is a leading manufacturer and marketer of high-quality, mid-priced home furnishings. TheStreet has upgraded Bassett Furniture Industries to a B. This is based on the company’s strong financial performance and positive outlook. Bassett Furniture Industries has reported strong revenue and earnings growth in recent years, and is expected to continue to perform well in the future. The company’s stock is a good value at current levels and is worth considering for investors looking for exposure to the furniture industry.

Stock Price

On Tuesday, shares of Bassett Furniture Industries stock opened at $16.0 and closed at $16.6, up by 4.5% from prior closing price of $15.8. This move comes after TheStreet upgraded the company’s stock rating from “C” to “B”. TheStreet’s upgrade is based on the company’s strong financial performance in recent quarters. Bassett Furniture has reported better-than-expected earnings and sales in four out of the last five quarters. Moreover, the company’s margins have been expanding thanks to its focus on cost-cutting measures. Looking ahead, Bassett Furniture is well-positioned to continue its growth momentum. The company is benefiting from the strong demand for furniture in the U.S. housing market.

Additionally, Bassett Furniture is expanding its reach through its e-commerce platform and new store openings. With all these positive factors working in its favor, Bassett Furniture is a stock worth considering for long-term investors.

VI Analysis

BASSETT FURNITURE INDUSTRIES is a publicly traded company with a strong balance sheet and a healthy cash flow. The company’s fundamentals reflect its long term potential and it is classified as a “rhino” stock, meaning it is suitable for investors seeking moderate capital gains. The company’s asset base is strong and it pays a dividend, making it an attractive investment for income-seeking investors.

The company’s growth prospects are medium-term in nature, but its profitability is solid. Overall, BASSETT FURNITURE INDUSTRIES is a strong company that is well-positioned to weather any future economic downturns.

Summary

The stock price moved up the same day. Bassett Furniture Industries is a publicly traded company on the Nasdaq Global Select Market under the ticker symbol BSET. The company is a leading manufacturer and marketer of branded home furnishings in the United States.

The company has a history of paying dividends and has increased its dividend payout for seven consecutive years. Bassett Furniture Industries also has a strong balance sheet with no long-term debt.