Brokerages Set Build-A-Bear Workshop, Inc. (NYSE:BBW) PT at $68.00

Build-A-Bear Workshop, Inc. (NYSE:BBW) has received an average recommendation of “Buy” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $68.00.

Several equities research analysts have weighed in on the company. Northland Securities upped their target price on Build-A-Bear Workshop from $60.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. DA Davidson upped their price target on shares of Build-A-Bear Workshop from $64.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Zacks Research upgraded shares of Build-A-Bear Workshop from a “hold” rating to a “strong-buy” rating in a report on Friday, August 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Build-A-Bear Workshop in a report on Saturday, September 27th. Finally, Wall Street Zen downgraded shares of Build-A-Bear Workshop from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 23rd.

Insider Buying and Selling at Build-A-Bear Workshop

In other news, CFO Vojin Todorovic sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $73.25, for a total transaction of $732,500.00. Following the completion of the transaction, the chief financial officer directly owned 67,991 shares in the company, valued at approximately $4,980,340.75. This represents a 12.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sharon Price John sold 30,000 shares of the company’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $73.25, for a total transaction of $2,197,500.00. Following the transaction, the chief executive officer owned 261,305 shares of the company’s stock, valued at $19,140,591.25. This trade represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,387 shares of company stock valued at $4,053,961 over the last quarter. Company insiders own 5.80% of the company’s stock.

Institutional Trading of Build-A-Bear Workshop

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ballentine Partners LLC acquired a new stake in Build-A-Bear Workshop in the second quarter valued at $263,000. Exchange Traded Concepts LLC acquired a new stake in Build-A-Bear Workshop during the 1st quarter worth about $250,000. Foundry Partners LLC grew its holdings in Build-A-Bear Workshop by 138.1% during the 1st quarter. Foundry Partners LLC now owns 115,885 shares of the specialty retailer’s stock worth $4,307,000 after acquiring an additional 67,205 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Build-A-Bear Workshop during the 1st quarter worth about $850,000. Finally, CWA Asset Management Group LLC grew its holdings in Build-A-Bear Workshop by 43.0% during the 1st quarter. CWA Asset Management Group LLC now owns 24,836 shares of the specialty retailer’s stock worth $923,000 after acquiring an additional 7,467 shares during the period. 79.30% of the stock is currently owned by institutional investors and hedge funds.

Build-A-Bear Workshop Price Performance

NYSE BBW opened at $61.00 on Friday. The business has a fifty day moving average price of $61.64 and a two-hundred day moving average price of $50.11. Build-A-Bear Workshop has a fifty-two week low of $32.55 and a fifty-two week high of $75.85. The stock has a market capitalization of $800.73 million, a PE ratio of 13.68 and a beta of 0.69.

Build-A-Bear Workshop (NYSE:BBW) last released its earnings results on Thursday, August 28th. The specialty retailer reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.27. Build-A-Bear Workshop had a return on equity of 41.14% and a net margin of 11.34%.The firm had revenue of $124.25 million during the quarter, compared to analysts’ expectations of $116.19 million. During the same period in the prior year, the company earned $0.64 earnings per share. As a group, sell-side analysts expect that Build-A-Bear Workshop will post 3.71 earnings per share for the current year.

Build-A-Bear Workshop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, September 25th. This represents a $0.88 annualized dividend and a dividend yield of 1.4%. Build-A-Bear Workshop’s dividend payout ratio is 19.73%.

About Build-A-Bear Workshop

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.