Build-A-Bear Workshop (NYSE:BBW) Reaches New 52-Week High – What’s Next?

Build-A-Bear Workshop, Inc. (NYSE:BBW) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $39.63 and last traded at $39.63, with a volume of 1363 shares. The stock had previously closed at $37.77.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Northland Securities raised their price target on Build-A-Bear Workshop from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. StockNews.com upgraded shares of Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th.

Build-A-Bear Workshop Trading Up 3.1 %

The business has a 50 day moving average of $34.28 and a 200-day moving average of $29.70. The stock has a market cap of $526.33 million, a PE ratio of 10.61 and a beta of 1.54.

Build-A-Bear Workshop (NYSE:BBW) last posted its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. Build-A-Bear Workshop had a return on equity of 37.81% and a net margin of 10.36%. The business had revenue of $111.80 million for the quarter, compared to analyst estimates of $107.90 million. During the same quarter last year, the company earned $0.57 earnings per share. On average, equities research analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.72 EPS for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.05%. Build-A-Bear Workshop’s dividend payout ratio (DPR) is presently 22.47%.

Build-A-Bear Workshop declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the specialty retailer to reacquire up to 23.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Build-A-Bear Workshop news, CEO Sharon Price John sold 50,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $33.32, for a total value of $1,666,000.00. Following the completion of the transaction, the chief executive officer now directly owns 465,004 shares in the company, valued at approximately $15,493,933.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Build-A-Bear Workshop news, Director George Carrara sold 2,500 shares of Build-A-Bear Workshop stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $36.27, for a total value of $90,675.00. Following the transaction, the director now owns 18,421 shares in the company, valued at $668,129.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sharon Price John sold 50,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $33.32, for a total transaction of $1,666,000.00. Following the sale, the chief executive officer now directly owns 465,004 shares of the company’s stock, valued at $15,493,933.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 130,734 shares of company stock worth $4,510,217. 7.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBW. Fortitude Family Office LLC raised its holdings in shares of Build-A-Bear Workshop by 705.8% in the 3rd quarter. Fortitude Family Office LLC now owns 1,104 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 967 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Build-A-Bear Workshop by 211.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,889 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 3,321 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Build-A-Bear Workshop by 17.6% during the third quarter. Nisa Investment Advisors LLC now owns 5,812 shares of the specialty retailer’s stock worth $201,000 after buying an additional 871 shares during the period. Lazard Asset Management LLC increased its position in shares of Build-A-Bear Workshop by 25.2% in the first quarter. Lazard Asset Management LLC now owns 6,782 shares of the specialty retailer’s stock worth $202,000 after acquiring an additional 1,365 shares in the last quarter. Finally, Quest Partners LLC increased its position in shares of Build-A-Bear Workshop by 209.8% in the second quarter. Quest Partners LLC now owns 8,098 shares of the specialty retailer’s stock worth $205,000 after acquiring an additional 5,484 shares in the last quarter. Institutional investors and hedge funds own 79.30% of the company’s stock.

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.