Noble Financial Believes Bassett Furniture (NASDAQ: BSET) Won’t Stop Here

Noble Financial analyst Joe Gomes maintained a Buy rating on Bassett Furniture (BSETResearch Report) today and set a price target of $28.00. The company’s shares closed last Tuesday at $25.23, close to its 52-week high of $28.10.

According to TipRanks.com, Gomes is a 5-star analyst with an average return of 32.5% and a 64.4% success rate. Gomes covers the Services sector, focusing on stocks such as Information Services Group, Kelly Services, and DLH Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bassett Furniture with a $28.00 average price target.

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Based on Bassett Furniture’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $114 million and net profit of $4.01 million. In comparison, last year the company earned revenue of $112 million and had a net profit of $1.21 million.

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Bassett Furniture Industries, Inc. manufactures, markets and retails home furnishings. It operates through the following segments: Wholesale, Retail, and Logistical Services. The Wholesale segment focuses on the design, manufacture, sourcing, sale and distribution of furniture products. The Retail segment consists of local furniture stores, regional furniture retailers, national department, chain stores and single-vendor branded retailers. The Logistical Services segment offers shipping, delivery, and warehousing services. The company was founded by John David Bassett, Sr. in 1902 and is headquartered in Bassett, VA.