Build-A-Bear Workshop (NYSE:BBW) Reaches New 12-Month High - Here's What Happened

Key Points

• Build-A-Bear Workshop's stock price reached a new 52-week high of $55.73, closing at $55.56 after trading 160,714 shares on the day.
• Analysts have raised their price targets for Build-A-Bear, with DA Davidson increasing their target from $60.00 to $64.00 and Wall Street Zen upgrading the stock from "buy" to "strong-buy."
• The company reported $1.17 EPS for the recent quarter, exceeding analysts' expectations of $0.86 EPS, along with a net margin of 10.91% and revenue of $128.40 million.

Build-A-Bear Workshop, Inc. (NYSE:BBW - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $55.73 and last traded at $55.56, with a volume of 160714 shares trading hands. The stock had previously closed at $51.36.

Analysts Set New Price Targets

A number of research firms recently issued reports on BBW. Wall Street Zen raised Build-A-Bear Workshop from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th. Piper Sandler raised their price target on shares of 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. Finally, DA Davidson lifted their target price on shares of Build-A-Bear Workshop from $60.00 to $64.00 and gave the stock a "buy" rating in a research note on Monday, August 4th.

Build-A-Bear Workshop Trading Up 8.7%

The stock has a market capitalization of $737.41 million, a PE ratio of 13.42 and a beta of 0.70. The company's 50 day simple moving average is $51.21 and its 200 day simple moving average is $43.14.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last released its earnings results on Thursday, May 29th. The specialty retailer reported $1.17 EPS for the quarter, topping the consensus estimate of $0.86 by $0.31. Build-A-Bear Workshop had a net margin of 10.91% and a return on equity of 40.74%. The firm had revenue of $128.40 million during the quarter, compared to analysts' expectations of $118.90 million. During the same period in the previous year, the company earned $0.82 EPS. As a group, analysts predict that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current year.

Build-A-Bear Workshop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 26th were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.88 annualized dividend and a dividend yield of 1.6%. Build-A-Bear Workshop's dividend payout ratio (DPR) is currently 21.15%.

Insider Activity at Build-A-Bear Workshop

In related news, CAO Eric R. Fencl sold 6,993 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $48.50, for a total value of $339,160.50. Following the sale, the chief accounting officer directly owned 123,318 shares of the company's stock, valued at approximately $5,980,923. This trade represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sharon Price John sold 31,250 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $45.73, for a total transaction of $1,429,062.50. Following the completion of the sale, the chief executive officer directly owned 291,305 shares in the company, valued at $13,321,377.65. This represents a 9.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 48,248 shares of company stock valued at $2,276,383 over the last three months. Insiders own 5.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. lifted its holdings in shares of Build-A-Bear Workshop by 19.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,270 shares of the specialty retailer's stock valued at $65,000 after acquiring an additional 206 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Build-A-Bear Workshop by 2.8% during the 1st quarter. OneDigital Investment Advisors LLC now owns 10,486 shares of the specialty retailer's stock valued at $390,000 after acquiring an additional 289 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Build-A-Bear Workshop by 1.1% during the 1st quarter. SummerHaven Investment Management LLC now owns 31,861 shares of the specialty retailer's stock valued at $1,184,000 after acquiring an additional 340 shares in the last quarter. AlphaQuest LLC raised its stake in shares of Build-A-Bear Workshop by 106.1% during the first quarter. AlphaQuest LLC now owns 814 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 419 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Build-A-Bear Workshop by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,533 shares of the specialty retailer's stock valued at $280,000 after purchasing an additional 456 shares during the period. Hedge funds and other institutional investors 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.

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