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Sergey Savastiouk's Avatar
published in Blogs
Jun 30, 2022

Bassett Furniture (BSET, $17.13) beats fiscal Q2 earnings expectations

Bassett Furniture Industries Inc. reported fiscal second-quarter earnings of  $0.81 per share that exceeded the consensus of $0.45.

Revenue grew + 17% year-on-year to $128.71 million, exceeding  the consensus of $117.38 million.

Wholesale sales climbed +15.3% Y/Y, while Retail increased by +21%.

Gross margin fell -70 basis points to 51.2%. However, the operating margin widened from 6.4% in the year-ago period  to 8.6% in the quarter.  Operating income for the quarter surged +55.4%  year-over-year to $11 million.

Related Ticker: BSET

BSET's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for BSET turned positive on April 11, 2025. Looking at past instances where BSET's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on April 09, 2025. You may want to consider a long position or call options on BSET as a result. In of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

BSET moved above its 50-day moving average on April 09, 2025 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BSET advanced for three days, in of 292 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for BSET moved out of overbought territory on April 21, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator moved out of overbought territory. In of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 56 cases where BSET's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BSET declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

BSET broke above its upper Bollinger Band on April 11, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for BSET entered a downward trend on April 10, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.721) is normal, around the industry mean (7.048). P/E Ratio (21.096) is within average values for comparable stocks, (29.603). Projected Growth (PEG Ratio) (1.252) is also within normal values, averaging (1.278). Dividend Yield (0.047) settles around the average of (0.030) among similar stocks. P/S Ratio (0.338) is also within normal values, averaging (1.000).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BSET’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock slightly better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Notable companies

The most notable companies in this group are Whirlpool Corp (NYSE:WHR), iRobot Corp (NASDAQ:IRBT).

Industry description

The home furnishings industry includes companies that sell items like furniture, appliances, rugs, cooking utensils, and art objects. According to Mordor Intelligence, the U.S. home decor market is estimated to grow at CAGR 7.5% between 2019 and 2024. The market is being increasingly penetrated by e-commerce and m-commerce, while growing urbanization, and, consumers’ rising interest towards home decor are driving demand for the industry. Mohawk Industries, Inc., La-Z-Boy Incorporated, Leggett & Platt, Incorporated are some of the prominent companies in this space. Being usually discretionary for consumers, demand for furnishings could be affected by macroeconomic cycles.

Market Cap

The average market capitalization across the Home Furnishings Industry is 2.89B. The market cap for tickers in the group ranges from 1.04K to 30.25B. HRSHF holds the highest valuation in this group at 30.25B. The lowest valued company is KMFI at 1.04K.

High and low price notable news

The average weekly price growth across all stocks in the Home Furnishings Industry was 6%. For the same Industry, the average monthly price growth was -5%, and the average quarterly price growth was -17%. NCL experienced the highest price growth at 35%, while VIRC experienced the biggest fall at -12%.

Volume

The average weekly volume growth across all stocks in the Home Furnishings Industry was 17%. For the same stocks of the Industry, the average monthly volume growth was 5% and the average quarterly volume growth was 36%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 49
P/E Growth Rating: 50
Price Growth Rating: 70
SMR Rating: 72
Profit Risk Rating: 80
Seasonality Score: 4 (-100 ... +100)
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published General Information

General Information

a retailer of imports home furnishings

Industry HomeFurnishings

Profile
Fundamentals
Details
Industry
Home Furnishings
Address
3525 Fairystone Park Highway
Phone
+1 276 629-6000
Employees
1389
Web
https://www.bassettfurniture.com
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