Build-A-Bear Workshop (NYSE:BBW) Issues Earnings Results

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) released its quarterly earnings results on Thursday. The specialty retailer reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.31, RTT News reports. Build-A-Bear Workshop had a return on equity of 38.35% and a net margin of 10.58%. The company had revenue of $128.40 million for the quarter, compared to analyst estimates of $118.90 million. During the same quarter in the prior year, the firm posted $0.82 EPS.

Build-A-Bear Workshop Stock Down 1.8%

Shares of NYSE BBW traded down $0.93 during mid-day trading on Friday, reaching $51.10. 651,005 shares of the company were exchanged, compared to its average volume of 273,614. The stock has a market cap of $674.83 million, a price-to-earnings ratio of 13.59 and a beta of 0.54. Build-A-Bear Workshop has a 1 year low of $23.63 and a 1 year high of $55.57. The firm has a 50-day moving average of $38.37 and a 200 day moving average of $39.68.

Build-A-Bear Workshop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were paid a dividend of $0.22 per share. This is a boost 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 1.72%. The ex-dividend date of this dividend was Thursday, March 27th. Build-A-Bear Workshop's dividend payout ratio is 23.10%.

Institutional Investors Weigh In On Build-A-Bear Workshop

Hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp purchased a new stake in shares of Build-A-Bear Workshop during the 1st quarter worth $199,000. Caxton Associates LLP purchased a new stake in shares of Build-A-Bear Workshop during the 1st quarter worth $267,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Build-A-Bear Workshop by 6.4% during the 1st 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 during the last quarter. Finally, AQR Capital Management LLC raised its stake 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 valued at $1,388,000 after buying an additional 3,490 shares during the last quarter. 79.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BBW shares. Wall Street Zen raised Build-A-Bear Workshop from a "hold" rating to a "buy" rating in a research report on Friday. DA Davidson increased their price target on Build-A-Bear Workshop from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Piper Sandler increased their price target on Build-A-Bear Workshop from $35.00 to $39.00 and gave the stock 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.