Build-A-Bear Workshop (NYSE:BBW) Director Craig Leavitt Sells 4,000 Shares

Key Points

• Director Craig Leavitt of Build-A-Bear Workshop sold 4,000 shares of the company's stock at an average price of $60.61, reducing his position by 5.87%.
• Build-A-Bear recently reported earnings of $0.94 per share, surpassing analysts' expectations of $0.67, with a revenue of $124.25 million for the last quarter.
• The company declared a quarterly dividend of $0.22, with an annualized yield of 1.5% and a payout ratio of 19.73%.

Build-A-Bear Workshop, Inc. (NYSE:BBW - Get Free Report) Director Craig Leavitt sold 4,000 shares of the firm's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $60.61, for a total value of $242,440.00. Following the completion of the sale, the director directly owned 64,142 shares in the company, valued at approximately $3,887,646.62. The trade was a 5.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Build-A-Bear Workshop Price Performance

Shares of NYSE:BBW traded down $2.05 on Tuesday, hitting $57.97. The company's stock had a trading volume of 465,916 shares, compared to its average volume of 452,083. The company has a 50-day simple moving average of $61.94 and a 200 day simple moving average of $50.32. Build-A-Bear Workshop, Inc. has a 1 year low of $32.55 and a 1 year high of $75.85. The company has a market capitalization of $761.08 million, a PE ratio of 13.00 and a beta of 0.69.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last released its earnings results on Thursday, August 28th. The specialty retailer reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.27. The company had revenue of $124.25 million during the quarter, compared to the consensus estimate of $116.19 million. Build-A-Bear Workshop had a return on equity of 41.14% and a net margin of 11.34%.During the same quarter in the previous year, the company posted $0.64 EPS. On average, equities research analysts expect that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th will be given a $0.22 dividend. The ex-dividend date is Thursday, September 25th. This represents a $0.88 annualized dividend and a yield of 1.5%. Build-A-Bear Workshop's payout ratio is presently 19.73%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Thrivent Financial for Lutherans lifted its holdings in shares of Build-A-Bear Workshop by 5,113.6% during the second quarter. Thrivent Financial for Lutherans now owns 752,320 shares of the specialty retailer's stock valued at $38,789,000 after purchasing an additional 737,890 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Build-A-Bear Workshop by 63.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,391 shares of the specialty retailer's stock valued at $175,000 after acquiring an additional 1,321 shares during the period. SkyView Investment Advisors LLC lifted its holdings in Build-A-Bear Workshop by 2.1% in the second quarter. SkyView Investment Advisors LLC now owns 17,065 shares of the specialty retailer's stock valued at $915,000 after acquiring an additional 356 shares during the period. Vident Advisory LLC bought a new position in Build-A-Bear Workshop in the second quarter valued at about $437,000. Finally, Rafferty Asset Management LLC lifted its holdings in Build-A-Bear Workshop by 6.0% in the second quarter. Rafferty Asset Management LLC now owns 7,284 shares of the specialty retailer's stock valued at $376,000 after acquiring an additional 414 shares during the period. 79.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BBW shares. Wall Street Zen downgraded Build-A-Bear Workshop from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 23rd. DA Davidson boosted their target price on Build-A-Bear Workshop from $64.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Weiss Ratings reissued a "buy (b-)" rating on shares of Build-A-Bear Workshop in a research note on Saturday, September 27th. Zacks Research raised Build-A-Bear Workshop from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 29th. Finally, Northland Securities upped their price target on Build-A-Bear Workshop from $60.00 to $80.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $68.00.

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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