Build-A-Bear Workshop (NYSE:BBW) Issues Earnings Results

Build-A-Bear Workshop (NYSE:BBW) released its earnings results on Thursday. The specialty retailer reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.27, Zacks reports. Build-A-Bear Workshop had a return on equity of 40.74% and a net margin of 10.91%.During the same period in the prior year, the business earned $0.64 earnings per share.

Build-A-Bear Workshop Stock Performance

Shares of NYSE:BBW opened at $58.55 on Thursday. Build-A-Bear Workshop has a one year low of $27.44 and a one year high of $59.78. The stock has a fifty day moving average of $52.84 and a 200-day moving average of $44.35. The company has a market capitalization of $773.50 million, a PE ratio of 14.08 and a beta of 0.70.

Build-A-Bear Workshop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, June 26th. Build-A-Bear Workshop’s dividend payout ratio is 21.15%.

Insider Buying and Selling

In other news, Director Lesli Rotenberg sold 1,755 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $53.52, for a total value of $93,927.60. Following the completion of the sale, the director owned 11,825 shares in the company, valued at $632,874. This represents a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Eric R. Fencl sold 6,993 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $48.50, for a total value of $339,160.50. Following the completion of the sale, the chief accounting officer owned 123,318 shares of the company’s stock, valued at $5,980,923. The trade was a 5.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 48,248 shares of company stock worth $2,276,383 over the last quarter. 5.80% of the stock is currently owned by insiders.

Institutional Trading of Build-A-Bear Workshop

A number of hedge funds have recently modified their holdings of BBW. Balyasny Asset Management L.P. purchased a new stake in shares of Build-A-Bear Workshop in the second quarter valued at $4,908,000. Qube Research & Technologies Ltd lifted its holdings in shares of Build-A-Bear Workshop by 35.8% in the second quarter. Qube Research & Technologies Ltd now owns 230,777 shares of the specialty retailer’s stock valued at $11,899,000 after purchasing an additional 60,784 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Build-A-Bear Workshop by 481.0% in the second quarter. Bank of America Corp DE now owns 43,094 shares of the specialty retailer’s stock valued at $2,222,000 after purchasing an additional 35,677 shares in the last quarter. Brevan Howard Capital Management LP purchased a new stake in shares of Build-A-Bear Workshop in the second quarter valued at $1,204,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Build-A-Bear Workshop by 60.1% in the second quarter. BNP Paribas Financial Markets now owns 41,410 shares of the specialty retailer’s stock valued at $2,135,000 after purchasing an additional 15,548 shares in the last quarter. Hedge funds and other institutional investors own 79.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on BBW. Piper Sandler upped their target price on Build-A-Bear Workshop from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, May 15th. Wall Street Zen downgraded Build-A-Bear Workshop from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 23rd. Finally, DA Davidson upped their target price on Build-A-Bear Workshop from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $52.67.

Build-A-Bear Workshop Company 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.