Build-A-Bear Workshop (NYSE:BBW) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Build-A-Bear Workshop (NYSE:BBW) announced its quarterly earnings data on Thursday. The specialty retailer reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.07, Zacks reports. Build-A-Bear Workshop had a return on equity of 38.35% and a net margin of 10.58%.

Build-A-Bear Workshop Stock Up 7.0 %

Shares of NYSE:BBW traded up $2.49 during trading on Thursday, hitting $37.99. 172,415 shares of the stock traded hands, compared to its average volume of 271,700. The company has a fifty day moving average price of $40.47 and a two-hundred day moving average price of $38.21. Build-A-Bear Workshop has a 52-week low of $23.63 and a 52-week high of $48.23. The company has a market cap of $510.52 million, a price-to-earnings ratio of 10.10 and a beta of 1.50.

Build-A-Bear Workshop Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.32%. This is a positive change from Build-A-Bear Workshop’s previous quarterly dividend of $0.20. Build-A-Bear Workshop’s dividend payout ratio (DPR) is 21.28%.

Insider Buying and Selling at Build-A-Bear Workshop

In other Build-A-Bear Workshop news, insider J. Christopher Hurt sold 12,635 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $39.53, for a total transaction of $499,461.55. Following the completion of the transaction, the insider now directly owns 49,386 shares in the company, valued at approximately $1,952,228.58. This represents a 20.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Craig Leavitt sold 2,500 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $41.36, for a total transaction of $103,400.00. Following the transaction, the director now owns 78,167 shares of the company’s stock, valued at approximately $3,232,987.12. This trade represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 164,166 shares of company stock valued at $7,113,481. Corporate insiders own 7.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BBW. Northland Securities raised their price target on Build-A-Bear Workshop from $38.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. StockNews.com upgraded shares of Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, DA Davidson lifted their price objective on shares of Build-A-Bear Workshop from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, December 6th.

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.