Key Points
- Director George Carrara sold 3,000 shares of Build-A-Bear Workshop at an average price of $34.52, worth about $103,560. After the sale, he still held 11,277 shares, reducing his ownership by 21.01%.
- Build-A-Bear shares were trading lower, opening at $32.97 and sitting near their 12-month low of $32.62. The stock is well below its 50-day and 200-day moving averages, though it still carries a market cap of about $414.8 million.
- The company beat quarterly EPS expectations with earnings of $1.03 per share versus the $0.76 consensus, even though revenue came in slightly below forecasts. Build-A-Bear also raised its quarterly dividend to $0.23 per share, and analysts currently rate the stock a “Moderate Buy” with a $70 target price.
Build-A-Bear Workshop, Inc. (NYSE:BBW - Get Free Report) Director George Carrara sold 3,000 shares of Build-A-Bear Workshop stock in a transaction on Friday, June 5th. The stock was sold at an average price of $34.52, for a total value of $103,560.00. Following the sale, the director directly owned 11,277 shares of the company's stock, valued at approximately $389,282.04. This trade represents a 21.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Build-A-Bear Workshop Trading Down 2.9%
NYSE BBW opened at $32.97 on Tuesday. Build-A-Bear Workshop, Inc. has a 12 month low of $32.62 and a 12 month high of $75.85. The stock has a 50-day simple moving average of $37.15 and a 200 day simple moving average of $47.96. The company has a market capitalization of $414.76 million, a PE ratio of 7.72 and a beta of 1.07.
Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last issued its earnings results on Thursday, May 28th. The specialty retailer reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.27. The firm had revenue of $125.27 million for the quarter, compared to analysts' expectations of $129.45 million. Build-A-Bear Workshop had a return on equity of 32.43% and a net margin of 10.48%. As a group, sell-side analysts predict that Build-A-Bear Workshop, Inc. will post 4.04 earnings per share for the current fiscal year.
Build-A-Bear Workshop Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 26th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, March 26th. This is a positive change from Build-A-Bear Workshop's previous quarterly dividend of $0.22. Build-A-Bear Workshop's payout ratio is 21.55%.
Hedge Funds Weigh In On Build-A-Bear Workshop
Several institutional investors have recently modified their holdings of BBW. Bank of America Corp DE grew its position in shares of Build-A-Bear Workshop by 14.1% in the 1st quarter. Bank of America Corp DE now owns 133,398 shares of the specialty retailer's stock valued at $4,996,000 after purchasing an additional 16,453 shares during the period. Janus Henderson Group PLC acquired a new stake in Build-A-Bear Workshop during the 1st quarter worth approximately $240,000. Royal Bank of Canada lifted its stake in Build-A-Bear Workshop by 316.3% in the first quarter. Royal Bank of Canada now owns 4,259 shares of the specialty retailer's stock valued at $159,000 after buying an additional 3,236 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Build-A-Bear Workshop in the first quarter valued at approximately $239,000. Finally, Bank of Nova Scotia acquired a new position in shares of Build-A-Bear Workshop in the first quarter valued at approximately $232,000. Institutional investors own 79.30% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. DA Davidson reaffirmed a "buy" rating and issued a $60.00 target price on shares of Build-A-Bear Workshop in a research note on Friday, May 29th. Weiss Ratings cut shares of Build-A-Bear Workshop from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, May 20th. Finally, Zacks Research raised shares of Build-A-Bear Workshop from a "strong sell" rating to a "hold" rating in a report on Tuesday, March 3rd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $70.00.
Check Out Our Latest Stock Report on BBW
Build-A-Bear Workshop Company Profile
(
Get Free Report)
Build-A-Bear Workshop, Inc operates a specialty retail business focused on interactive “workshop” experiences that allow customers to create customized stuffed animals. Through its in-store and online platforms, the company offers a wide range of plush toys, apparel, accessories and sound modules, enabling guests to personalize each creation. In addition to its core bear products, Build-A-Bear has expanded its portfolio to include licensed characters from leading entertainment and media franchises.
Founded in 1997 by Maxine Clark and headquartered in St.
Further Reading
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