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Bassett Furniture Industries (BSET)



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Upturn Advisory Summary
06/11/2025: BSET (1-star) is currently NOT-A-BUY. Pass it for now.
Year Target Price $19
Year Target Price $19
0 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Under performing |
0 | Sell |
Analysis of Past Performance
Type Stock | Historic Profit -2.77% | Avg. Invested days 45 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 124.12M USD | Price to earnings Ratio - | 1Y Target Price 19 |
Price to earnings Ratio - | 1Y Target Price 19 | ||
Volume (30-day avg) - | Beta 1.19 | 52 Weeks Range 11.47 - 19.45 | Updated Date 06/29/2025 |
52 Weeks Range 11.47 - 19.45 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 5.59% | Basic EPS (TTM) -0.76 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -2.04% | Operating Margin (TTM) 2.91% |
Management Effectiveness
Return on Assets (TTM) -0.66% | Return on Equity (TTM) -3.83% |
Valuation
Trailing PE - | Forward PE 16.26 | Enterprise Value 169732926 | Price to Sales(TTM) 0.38 |
Enterprise Value 169732926 | Price to Sales(TTM) 0.38 | ||
Enterprise Value to Revenue 0.52 | Enterprise Value to EBITDA 60.8 | Shares Outstanding 8704120 | Shares Floating 8035813 |
Shares Outstanding 8704120 | Shares Floating 8035813 | ||
Percent Insiders 16.24 | Percent Institutions 53.19 |
Analyst Ratings
Rating - | Target Price 19 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Bassett Furniture Industries

Company Overview
History and Background
Bassett Furniture Industries was founded in 1902 in Bassett, Virginia. It began as a lumber company and transitioned to furniture manufacturing. Over the years, Bassett expanded its product lines and distribution channels, becoming a prominent player in the furniture industry.
Core Business Areas
- Wholesale Furniture: Designs, manufactures, sources, and markets residential furniture products to a network of independent retailers and its own Bassett Home Furnishings stores.
- Retail Operations: Operates Bassett Home Furnishings stores, offering a range of furniture, home du00e9cor, and design services.
- Logistics: Provides transportation and warehousing services for company-owned and third-party products.
Leadership and Structure
Robert H. Spilman Jr. serves as Chairman and CEO. The company has a board of directors and operates through various departments, including manufacturing, retail, marketing, and finance.
Top Products and Market Share
Key Offerings
- Upholstery: Customizable sofas, sectionals, chairs, and ottomans. Bassett's market share in the upholstered furniture segment is estimated to be around 1-2% nationally. Competitors include La-Z-Boy, Ashley Furniture, and Ethan Allen.
- Case Goods: Bedroom, dining room, and home office furniture made from wood and other materials. Market share is estimated around 1-2%. Competitors include Hooker Furniture, Lexington Home Brands, and Ashley Furniture.
- Home Accents: Lighting, rugs, wall art, and decorative accessories. Market share is diffused as Bassett carries limited of its own designs compared to furniture items. Competitors include Wayfair, HomeGoods, and Pottery Barn.
Market Dynamics
Industry Overview
The furniture industry is cyclical and influenced by economic conditions, housing market trends, and consumer spending. E-commerce has significantly impacted the industry, increasing competition and changing consumer buying habits.
Positioning
Bassett Furniture Industries is positioned as a mid-to-high-end furniture provider, offering customizable and stylish products. Its competitive advantages include its established brand, retail network, and focus on customization.
Total Addressable Market (TAM)
The global furniture market is expected to reach approximately $800 billion by 2027. Bassett is positioned to capture a small but significant portion of this market, focusing on the US market and brand recognition.
Upturn SWOT Analysis
Strengths
- Established Brand
- Retail Network
- Customization Options
- Strong Manufacturing Capabilities
- Vertical Integration
Weaknesses
- Susceptibility to economic downturns
- Higher price points compared to some competitors
- Relatively limited international presence
- Brand perception as traditional and lagging behind evolving design trends
Opportunities
- Expansion of e-commerce presence
- Growth in the home improvement market
- Increased demand for sustainable and eco-friendly furniture
- Partnerships with interior designers and influencers
Threats
- Increased competition from online retailers
- Fluctuations in raw material prices
- Changes in consumer preferences and design trends
- Economic recession or slowdown in the housing market
Competitors and Market Share
Key Competitors
- AFI
- ETH
- MLHR
- W
- RH
Competitive Landscape
Bassett's advantages include its established brand, retail network, and customization options. Disadvantages include its relatively higher price points and limited international presence.
Growth Trajectory and Initiatives
Historical Growth: Bassett's historical growth has been driven by its retail network, product innovation, and strategic acquisitions. However, growth has been impacted by economic cycles and changing consumer preferences.
Future Projections: Analyst estimates for Bassett's future growth vary, depending on economic conditions and the company's ability to execute its strategic initiatives. It is hard to provide numerical data since it is ever changing and based on real time. Please check with financial analyst.
Recent Initiatives: Recent initiatives include expanding its e-commerce platform, launching new product lines, and investing in its retail stores.
Summary
Bassett Furniture Industries holds a recognized brand and retail presence, offering customized furniture. Economic cycles and evolving consumer tastes present challenges. Expanding its online presence and appealing to younger demographics would bolster future growth. Bassett is vertically integrated, which is a strength in the current market as they have a more stable supply chain than their competitors.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- Industry Reports
- Financial News Articles
- Sec Filings (SEC.gov)
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share is based on estimated values and third-party information. Actual results may vary. Financial data is based on publicly available information and real-time values are not captured. Always seek advice from a qualified financial advisor before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Bassett Furniture Industries
Exchange NASDAQ | Headquaters Bassett, VA, United States | ||
IPO Launch date 1987-01-01 | President, CEO & Chairman Mr. Robert H. Spilman Jr. | ||
Sector Consumer Cyclical | Industry Furnishings, Fixtures & Appliances | Full time employees 1228 | Website https://www.bassettfurniture.com |
Full time employees 1228 | Website https://www.bassettfurniture.com |
Bassett Furniture Industries, Incorporated, together with its subsidiaries, manufactures, markets, and retails home furnishings in the United States. It operates through two segments: Wholesale and Retail "Company-Owned Stores. The company engages in the design, manufacture, sourcing, sale, and distribution of furniture products, including dining, bedroom and bedding, home decorations, rugs, and outdoor furniture to a network of company-owned retail stores, licensee-owned stores, and independent retailers. It also distributes its products through multi-line furniture stores, including Bassett galleries or design centers, as well as sells online; and engages in wood and upholstery operations. In addition, the company owns and leases land, retail store properties, warehouses, and distribution centers. Its products are sold primarily through a network of company-owned and licensee-owned branded stores under the Bassett Home Furnishings name. Bassett Furniture Industries, Incorporated was founded in 1902 and is based in Bassett, Virginia.
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