Build-A-Bear Workshop, Inc. (NYSE:BBW) Plans $0.22 Quarterly Dividend

Build-A-Bear Workshop, Inc. (NYSE:BBW - Get Free Report) declared a quarterly dividend on Thursday, June 12th, RTT News reports. Shareholders of record on Thursday, June 26th will be paid a dividend of 0.22 per share by the specialty retailer on Thursday, July 10th. This represents a $0.88 annualized dividend and a yield of 1.77%. The ex-dividend date is Thursday, June 26th.

Build-A-Bear Workshop has a dividend payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Build-A-Bear Workshop to earn $3.88 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 22.7%.

Build-A-Bear Workshop Stock Down 1.4%

NYSE:BBW traded down $0.71 on Friday, hitting $49.81. The stock had a trading volume of 229,233 shares, compared to its average volume of 273,469. The stock has a market cap of $657.79 million, a price-to-earnings ratio of 13.25 and a beta of 0.72. The business's 50-day simple moving average is $40.53 and its two-hundred day simple moving average is $40.46. Build-A-Bear Workshop has a 52-week low of $23.63 and a 52-week high of $55.57.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last announced its earnings results on Thursday, May 29th. The specialty retailer reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.31. Build-A-Bear Workshop had a return on equity of 38.35% and a net margin of 10.58%. The business had revenue of $128.40 million for the quarter, compared to analysts' expectations of $118.90 million. During the same period last year, the firm posted $0.82 earnings per share. As a group, equities research analysts anticipate that Build-A-Bear Workshop will post 3.71 EPS for the current year.

Insider Activity at Build-A-Bear Workshop

In related news, CAO Eric R. Fencl sold 6,993 shares of Build-A-Bear Workshop stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $48.50, for a total transaction of $339,160.50. Following the sale, the chief accounting officer now owns 123,318 shares of the company's stock, valued at approximately $5,980,923. This trade represents a 5.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sharon Price John sold 31,250 shares of Build-A-Bear Workshop stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $45.73, for a total value of $1,429,062.50. Following the sale, the chief executive officer now directly owns 291,305 shares in the company, valued at $13,321,377.65. This trade represents a 9.69% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,493 shares of company stock valued at $2,182,456. 5.80% of the stock is owned by company insiders.

Institutional Trading of Build-A-Bear Workshop

A number of large investors have recently added to or reduced their stakes in BBW. Caxton Associates LLP bought a new stake in Build-A-Bear Workshop in the 1st quarter worth approximately $267,000. Jones Financial Companies Lllp bought a new stake in Build-A-Bear Workshop in the 1st quarter worth approximately $199,000. AQR Capital Management LLC increased its stake in Build-A-Bear Workshop by 10.3% in the 1st quarter. AQR Capital Management LLC now owns 37,339 shares of the specialty retailer's stock worth $1,388,000 after acquiring an additional 3,490 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Build-A-Bear Workshop by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,533 shares of the specialty retailer's stock worth $280,000 after acquiring an additional 456 shares during the last quarter. Institutional investors own 79.30% of the company's stock.

Wall Street Analysts Forecast Growth

BBW has been the topic of a number of analyst reports. Wall Street Zen raised Build-A-Bear Workshop from a "hold" rating to a "buy" rating in a research report on Sunday. DA Davidson lifted their price objective on Build-A-Bear Workshop from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Piper Sandler lifted their price objective on Build-A-Bear Workshop from $35.00 to $39.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th.

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.