BASSETT FURNITURE INDUSTRIES INC (BSET)

Bassett Furniture Industries, Inc. engages in manufacturing, marketing, and retailing home furnishings. It operates through the following segments: Wholesale, Retail, and Corporate and Other. The Wholesale segment focuses on the design, manufacture, sourcing, sale, and distribution of furniture products. The Retail segment consists of company-owned stores and includes the revenues, expenses, assets and liabilities, and capital expenditures. The Corporate and Other segment includes the shared costs of corporate functions such as treasury and finance, information technology, accounting, human resources, legal and others, including certain product development and marketing functions benefitting both wholesale and retail operations. The company was founded by John David Bassett, Sr. in 1902 and is headquartered in Bassett, VA.

Address

PO BOX 626
BASSETT, VA 24055

Founded

1902

Number of Employees

1,389

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)
$6,256 $3,157 $2,986 $1,245 $3,648 $6,310 $2,324 $5,784 $11,336 $3,213 $302 $4,233
Average Price $14.09 $28.10 $25.45 $32.50 $25.09 $13.86 $11.11 $26.83 $17.33 $16.23 $14.35 $17.84
# Shares Purchased 444,044 112,336 117,340 38,310 145,369 455,323 209,221 215,564 653,929 198,039 21,049 237,320
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date -7.7% -53.7% -48.9% -60.0% -48.2% -6.2% 17.0% -51.6% -25.0% -19.9% -9.4% -27.1%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% 31.3% 7.4% 94.0%
Excess Total Return -189.6% -226.7% -217.5% -189.7% -153.1% -99.3% -57.8% -83.2% -62.3% -51.2% -16.8% -121.1%
Quartile Rank
Percentile Rank 28% 15% 15% 11% 14% 31% 39% 14% 24% 19% 25% 24%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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