Los Angeles Capital Management LLC Reduces Position in Build-A-Bear Workshop, Inc. (NYSE:BBW)

Los Angeles Capital Management LLC decreased its position in Build-A-Bear Workshop, Inc. (NYSE:BBW) by 9.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,657 shares of the specialty retailer’s stock after selling 6,500 shares during the period. Los Angeles Capital Management LLC’s holdings in Build-A-Bear Workshop were worth $2,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BBW. Fortitude Family Office LLC boosted its holdings in shares of Build-A-Bear Workshop by 705.8% in the 3rd quarter. Fortitude Family Office LLC now owns 1,104 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 967 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Build-A-Bear Workshop by 211.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,889 shares of the specialty retailer’s stock valued at $124,000 after purchasing an additional 3,321 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Build-A-Bear Workshop by 17.6% in the third quarter. Nisa Investment Advisors LLC now owns 5,812 shares of the specialty retailer’s stock valued at $201,000 after purchasing an additional 871 shares during the last quarter. Lazard Asset Management LLC grew its position in Build-A-Bear Workshop by 25.2% during the 1st quarter. Lazard Asset Management LLC now owns 6,782 shares of the specialty retailer’s stock worth $202,000 after purchasing an additional 1,365 shares during the period. Finally, Quest Partners LLC raised its stake in shares of Build-A-Bear Workshop by 209.8% during the 2nd quarter. Quest Partners LLC now owns 8,098 shares of the specialty retailer’s stock valued at $205,000 after buying an additional 5,484 shares during the last quarter. Institutional investors and hedge funds own 79.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BBW shares. StockNews.com downgraded Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Northland Securities upped their price objective on Build-A-Bear Workshop from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th.

Insiders Place Their Bets

In other news, Director George Carrara sold 2,500 shares of Build-A-Bear Workshop stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $36.27, for a total value of $90,675.00. Following the sale, the director now owns 18,421 shares in the company, valued at $668,129.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director George Carrara sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $36.27, for a total value of $90,675.00. Following the transaction, the director now owns 18,421 shares in the company, valued at $668,129.67. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Vojin Todorovic sold 12,635 shares of Build-A-Bear Workshop stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $35.42, for a total value of $447,531.70. Following the completion of the sale, the chief financial officer now directly owns 90,695 shares in the company, valued at $3,212,416.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 130,734 shares of company stock worth $4,510,217. Company insiders own 7.90% of the company’s stock.

Build-A-Bear Workshop Stock Performance

Shares of Build-A-Bear Workshop stock opened at $36.68 on Thursday. Build-A-Bear Workshop, Inc. has a fifty-two week low of $21.24 and a fifty-two week high of $40.13. The company has a market cap of $495.91 million, a P/E ratio of 10.30 and a beta of 1.54. The firm has a 50-day simple moving average of $34.91 and a two-hundred day simple moving average of $30.04.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. The company had revenue of $111.80 million for the quarter, compared to the consensus estimate of $107.90 million. Build-A-Bear Workshop had a return on equity of 37.81% and a net margin of 10.36%. During the same quarter in the prior year, the business posted $0.57 earnings per share. Equities research analysts forecast that Build-A-Bear Workshop, Inc. will post 3.72 EPS for the current year.

Build-A-Bear Workshop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, November 27th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.18%. The ex-dividend date is Wednesday, November 27th. Build-A-Bear Workshop’s payout ratio is presently 22.47%.

Build-A-Bear Workshop declared that its board has authorized a stock buyback program on Wednesday, September 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to repurchase up to 23.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Build-A-Bear Workshop Profile

Build-A-Bear Workshop, Inc operates as a multi-channel retailer of plush animals and related products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Direct-to-Consumer, Commercial, and International Franchising. Its merchandise comprises various styles of plush products to be stuffed, pre-stuffed plush products, and sounds and scents that can be added to the stuffed animals, as well as range of clothing, shoes and accessories, and other toy and novelty items, including family sleepwear.