State of Wyoming Has $1.30 Million Stake in Build-A-Bear Workshop, Inc. (NYSE:BBW)

State of Wyoming decreased its position in Build-A-Bear Workshop, Inc. (NYSE:BBW) by 12.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,276 shares of the specialty retailer’s stock after selling 3,936 shares during the period. State of Wyoming owned approximately 0.21% of Build-A-Bear Workshop worth $1,302,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. USA Financial Formulas acquired a new position in shares of Build-A-Bear Workshop during the fourth quarter valued at about $27,000. New York State Teachers Retirement System bought a new stake in shares of Build-A-Bear Workshop during the fourth quarter worth about $53,000. Tower Research Capital LLC TRC increased its position in shares of Build-A-Bear Workshop by 494.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the specialty retailer’s stock worth $78,000 after acquiring an additional 1,405 shares in the last quarter. Legal & General Group Plc increased its position in shares of Build-A-Bear Workshop by 26.0% during the fourth quarter. Legal & General Group Plc now owns 3,793 shares of the specialty retailer’s stock worth $175,000 after acquiring an additional 783 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Build-A-Bear Workshop during the fourth quarter worth about $200,000. Institutional investors and hedge funds own 79.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BBW shares. StockNews.com downgraded shares of Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. DA Davidson raised shares of Build-A-Bear Workshop to a “strong-buy” rating in a research report on Thursday. Finally, Piper Sandler boosted their target price on shares of Build-A-Bear Workshop from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday.

Build-A-Bear Workshop Stock Performance

Shares of BBW stock opened at $42.33 on Friday. Build-A-Bear Workshop, Inc. has a 52-week low of $23.63 and a 52-week high of $48.23. The company has a 50-day simple moving average of $37.01 and a two-hundred day simple moving average of $39.30. The company has a market capitalization of $558.97 million, a price-to-earnings ratio of 11.26 and a beta of 0.54.

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

Build-A-Bear Workshop Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were given a dividend of $0.22 per share. This is an increase from Build-A-Bear Workshop’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Thursday, March 27th. Build-A-Bear Workshop’s dividend payout ratio is currently 23.10%.

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.