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

Build-A-Bear Workshop, Inc. (NYSE:BBW - Get Free Report) announced a quarterly dividend on Thursday, June 12th, RTT News reports. Investors of record on Thursday, June 26th will be given 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 1.74%.

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 Trading Up 4.1%

NYSE BBW traded up $2.01 during mid-day trading on Thursday, hitting $50.50. The company's stock had a trading volume of 197,683 shares, compared to its average volume of 272,542. The company's 50 day simple moving average is $39.93 and its 200 day simple moving average is $40.28. Build-A-Bear Workshop has a twelve month low of $23.63 and a twelve month high of $55.57. The firm has a market capitalization of $666.90 million, a price-to-earnings ratio of 13.43 and a beta of 0.72.

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

Insiders Place Their Bets

In other news, CAO Eric R. Fencl sold 6,993 shares of the 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 completion of the sale, the chief accounting officer now owns 123,318 shares of the company's stock, valued at approximately $5,980,923. This represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sharon Price John sold 31,250 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $45.73, for a total value of $1,429,062.50. Following the completion of the sale, the chief executive officer now directly owns 291,305 shares of the company's stock, valued at $13,321,377.65. The trade was a 9.69% decrease in their position. The disclosure for this sale can be found here. 5.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Build-A-Bear Workshop

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

Analyst Ratings Changes

A number of research firms have issued reports on BBW. DA Davidson lifted their target price on Build-A-Bear Workshop from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Wall Street Zen cut Build-A-Bear Workshop from a "buy" rating to a "hold" rating in a research note on Saturday, June 7th. Finally, Piper Sandler lifted their target price on Build-A-Bear Workshop from $35.00 to $39.00 and gave the stock an "overweight" rating in a research note 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.

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