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Bassett Furniture (BSET) Company Profile

Updated Sep 9, 2019
Bassett Furniture has the following business profile:
Company's Full Name:Bassett Furniture Industries, Incorporated
Short Name:Bassett Furniture
Trading Ticker Symbol:BSET
Primary Exchange:NASDAQ
Headquarter City/Country:Virginia, VA
Primary Industry Sector:Consumer Durables
Seconday Sub-sector:Home Furnishings
Main Business Areas: Consumer Durables, Home Furnishings, Consumer Cyclical, Home Furnishings & Fixtures
Dividend Payments:Dividend History

Market and Trading Information for Bassett Furniture

The following details were available for trading and market data about the stock of Bassett Furniture as of writing:
Current Share Price:$13.04
Previous Year's Closing Price:$20.04
Percentage Price Change (YTD):-34.93%
Market Cap:$127.28 million
52-week Price Range:$11.64 - $22.9
Dividend Per Share:$0.5
EPS (TTM):0.56
Price-Earnings (Trailing):23.29
Price-Earnings (Forward):10.35

Company Profile and Business Description for Bassett Furniture

Bassett Furniture Industries, Incorporated, incorporated on November 15, 2010, is a manufacturer, importer and retailer of home furnishings. The Company's segments include Wholesale, Retail ?Ητ Company-owned stores and Logistical services. Its range of furniture products and accessories are sold through a nation-wide network of over 90 retail stores known as Bassett Home Furnishings (BHF). As of November 28, 2015, BHF store network included approximately 60 Company-owned stores and over 30 licensee-owned stores. The Company, through its Website, www.bassettfurniture.com, enables consumers to research and purchase its merchandise online. In addition, the Company distributes its products through other multi-line furniture stores, many of which feature Bassett galleries or design centers, specialty stores and mass merchants. The Company also holds investments in retail store properties.

The Company is engaged in producing hand crafted living room, dining room and bedroom furniture. Its offerings in living room furniture include Sofas, Sectionals, Accent Chairs, Recliners, Reclining Sofas, Sleeper Sofas, Coffee Tables, Benches, Accent Tables, Bookcases, Lamps and Wall Sconces. Its offerings in dining room furniture include Round Tables, Rectangular Tables, Oval Tables, Wood, Upholstered, Benches, Open Shelving and Decorative Mirrors. Its offerings in bedroom furniture include Wood Beds, Mattresses, Accent Chests, Bedding and Pillows. Its offerings in storage and office include Storage Cabinets, Entertainment Centers, Open Shelving, Office Chairs and Home Office Storage. Its offerings for baby and kids include Cribs, Chests, Dressers, Mirrors and Area Rugs. In addition, the Company features HGTV branded custom upholstery products in its HGTV HOME Design Studios in Bassett Home Furnishings stores. Its portfolio of products includes Canopy Bed, Nightstands, Baby Bedding, Bedside Tables, Chaise Lounge, Writing Desks, Kitchen Furniture, Computer Hutch, Game Tables and Fabric Ottomans.

Wholesale

The Company's wholesale home furnishings segment is involved in the design, manufacture, sourcing, sale and distribution of furniture products to a network of Bassett stores (licensee-owned stores and Company-owned stores) and independent furniture retailers. Its wholesale segment includes wood and upholstery operations, as well as all corporate selling, general and administrative expenses, including those corporate expenses related to both Company- and licensee-owned stores. The Company operates wholesale segment through its facilities located in Martinsville, Virginia; Newton, North Carolina, and Bassett, Virginia.

Retail ?Ητ Company-owned stores

The Company's retail segment consists of Company-owned stores. The Company operates retail segment through its facilities located in North Carolina, South Carolina, Tennessee, Kentucky and Nevada, among others.

Logistical services

The Company operates its logistical services segment through its subsidiary, Zenith Freight Lines, LLC (Zenith). Zenith provides shipping, delivery and warehousing services. It also provides services to customers, primarily in the furniture industry. Its customer solutions are provided through services, such as network line haul freight, home delivery services to end-consumer, as well as warehousing, distribution and inventory management. The Company operates logistical services segment through its facilities located in Conover, North Carolina.

PO Box 626

Peer / Competitor Companies of Home Furnishings Sector

Along with Bassett Furniture Industries, Incorporated, the following other peer (competitor) companies also exist within the same Home Furnishings - Consumer Durables sector whose company profile and dividend history is as follows:

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▶ At Home (HOME): At Home Group Inc. operates home decor superstores in the United States. The company's stores offer approximately 50,000 items, such as accent furniture, mirrors, patio cushions, rugs and wall arts, a....See Detailed Company Profile  and Dividend History.

▶ Bed Bath and Beyond (BBBY): Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen te....See Detailed Company Profile  and Dividend History.

▶ Compass Diversified (CODI): Compass Diversified Holdings (the Trust), incorporated on November 18, 2005, and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Companys segments include Acquisition ....See Detailed Company Profile  and Dividend History.

▶ Container Store (TCS): The Container Store Group, Inc., incorporated on June 29, 2007, is a specialty retailer of storage and organization products. The Companys segments include The Container Store (TCS), Elfa and Corporate/Other. ....See Detailed Company Profile  and Dividend History.

▶ CSW Industrials (CSWI): CSW Industrials, Inc. (CSWI), incorporated on November 6, 2014, is a diversified industrial growth company. The Company operates through three segments: Industrial Products; Coatings, Sealants & Adhesives, and Specialty Chemicals. ....See Detailed Company Profile  and Dividend History.

▶ Ethan Allen Interiors (ETH): Ethan Allen Interiors Inc. operates as an interior design company, and manufacturer and retailer of home furnishings in North America, Asia, the Middle East, and Europe. The company operates through t....See Detailed Company Profile  and Dividend History.

▶ Flexsteel Industries (FLXS): Flexsteel Industries, Inc., incorporated on December 27, 1929, is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. The Company ....See Detailed Company Profile  and Dividend History.

▶ GP Investments Acquisition (GPIA): GP Investments Acquisition Corp., incorporated on January 28, 2015, is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, ....See Detailed Company Profile  and Dividend History.

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▶ HB Fuller (FUL): H.B. Fuller Company, incorporated on December 16, 1915, is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company operates through five segments: Americas Adhesives, ....See Detailed Company Profile  and Dividend History.

▶ Helen of Troy (HELE): Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. It operates in three segments: Housewares, Health & Home, and Beauty. The Housewa....See Detailed Company Profile  and Dividend History.

▶ Hooker Furniture (HOFT): Hooker Furniture Corporation, incorporated on April 16, 1996, is a home furnishings marketing, design and logistics company offering sourcing of residential casegoods and upholstery, as well as domestically-produced leather and ....See Detailed Company Profile  and Dividend History.

▶ Interface (TILE): Interface, Inc., a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the ....See Detailed Company Profile  and Dividend History.

▶ Kimball International (KBAL): Kimball International, Inc., incorporated on August 24, 1939, creates design driven furnishings. The Company sells a portfolio of furniture products and services under three brands, which include Kimball Office, National ....See Detailed Company Profile  and Dividend History.

▶ La-Z-Boy (LZB): La-Z-Boy Incorporated, incorporated on May 1, 1941, manufactures, markets, imports, exports, distributes and retails upholstery furniture products. The Company also imports, distributes and retails accessories and casegoods (wood) furniture products. ....See Detailed Company Profile  and Dividend History.

▶ Leggett and Platt (LEG): Leggett & Platt, Incorporated, incorporated on February 23, 1901, is a diversified manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices and ....See Detailed Company Profile  and Dividend History.

▶ Mohawk Industries (MHK): Mohawk Industries, Inc., incorporated on December 22, 1988, is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company operates in three segments: Global ....See Detailed Company Profile  and Dividend History.

▶ Natuzzi SpA (NTZ): Natuzzi S.p.A. (Natuzzi) is engaged in the design, manufacture and marketing of contemporary and traditional leather and fabric upholstered furniture. The Company designs, manufactures and sells a collection of couches, ....See Detailed Company Profile  and Dividend History.

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