Pacifica Capital Investments LLC Has $53.70 Million Stock Position in Build-A-Bear Workshop, Inc. (NYSE:BBW)

Pacifica Capital Investments LLC cut its holdings in Build-A-Bear Workshop, Inc. (NYSE:BBW) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,166,360 shares of the specialty retailer’s stock after selling 29,035 shares during the quarter. Build-A-Bear Workshop makes up 17.3% of Pacifica Capital Investments LLC’s portfolio, making the stock its 3rd largest position. Pacifica Capital Investments LLC owned 0.09% of Build-A-Bear Workshop worth $53,699,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fortitude Family Office LLC increased its stake in shares of Build-A-Bear Workshop by 34.1% in the fourth quarter. Fortitude Family Office LLC now owns 1,480 shares of the specialty retailer’s stock valued at $68,000 after buying an additional 376 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Build-A-Bear Workshop in the fourth quarter valued at $27,000. SkyView Investment Advisors LLC increased its position in Build-A-Bear Workshop by 2.4% in the third quarter. SkyView Investment Advisors LLC now owns 31,695 shares of the specialty retailer’s stock worth $1,089,000 after purchasing an additional 734 shares during the period. Quarry LP increased its position in Build-A-Bear Workshop by 346.6% in the third quarter. Quarry LP now owns 1,295 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 1,005 shares during the period. Finally, New York State Teachers Retirement System acquired a new stake in Build-A-Bear Workshop in the fourth quarter worth about $53,000. 79.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider J. Christopher Hurt sold 6,210 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $39.91, for a total transaction of $247,841.10. Following the completion of the sale, the insider now directly owns 43,176 shares of the company’s stock, valued at approximately $1,723,154.16. This represents a 12.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vojin Todorovic sold 5,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $40.08, for a total value of $200,400.00. Following the sale, the chief financial officer now directly owns 70,695 shares of the company’s stock, valued at approximately $2,833,455.60. The trade was a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 161,666 shares of company stock valued at $7,010,081. 7.90% of the stock is owned by corporate insiders.

Build-A-Bear Workshop Trading Up 0.8 %

Build-A-Bear Workshop stock opened at $37.39 on Monday. The firm has a market capitalization of $502.47 million, a P/E ratio of 9.94 and a beta of 1.50. Build-A-Bear Workshop, Inc. has a 1 year low of $23.63 and a 1 year high of $48.23. The business has a 50-day moving average of $39.37 and a 200-day moving average of $38.50.

Build-A-Bear Workshop (NYSE:BBW) last posted its earnings results on Thursday, March 13th. The specialty retailer reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.07. Build-A-Bear Workshop had a return on equity of 38.35% and a net margin of 10.58%. The company had revenue of $150.45 million during the quarter, compared to analyst estimates of $147.53 million. Research analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current fiscal year.

Build-A-Bear Workshop Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.35%. This is a boost from Build-A-Bear Workshop’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, March 27th. Build-A-Bear Workshop’s dividend payout ratio is presently 23.10%.

Analysts Set New Price Targets

A number of brokerages recently commented on BBW. StockNews.com lowered Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research report on Friday. DA Davidson reiterated a “buy” rating and issued a $50.00 price objective on shares of Build-A-Bear Workshop in a research report on Friday, March 14th. Finally, Northland Securities lifted their price objective on Build-A-Bear Workshop from $38.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th.

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.