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

Key Points

• Build-A-Bear Workshop's stock reached a new 52-week high of $72.00 during trading, with a last traded price of $71.84 and over 1 million shares changing hands.
• The company reported quarterly earnings of $0.94 per share, surpassing analysts' expectations of $0.67, along with a revenue of $124.25 million against estimates of $116.19 million.
• A recent analyst report upgraded the company's rating from "hold" to "strong-buy," while DA Davidson raised its price target to $85.00.

Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $72.00 and last traded at $71.84, with a volume of 1003357 shares changing hands. The stock had previously closed at $64.62.

Analyst Ratings Changes

A number of research firms have recently weighed in on BBW. Wall Street Zen cut Build-A-Bear Workshop from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 23rd. Zacks Research upgraded Build-A-Bear Workshop from a "hold" rating to a "strong-buy" rating in a report on Friday, August 29th. DA Davidson increased their price target on Build-A-Bear Workshop from $64.00 to $85.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Northland Securities increased their price target on Build-A-Bear Workshop from $60.00 to $80.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. 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 report on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $68.00.

Build-A-Bear Workshop Trading Up 11.2%

The business has a fifty day moving average of $54.55 and a 200 day moving average of $45.80. The company has a market capitalization of $949.06 million, a PE ratio of 16.11 and a beta of 0.72.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.27. The company had revenue of $124.25 million for the quarter, compared to analyst estimates of $116.19 million. Build-A-Bear Workshop had a return on equity of 42.37% and a net margin of 11.34%.During the same quarter last year, the company earned $0.64 EPS. Equities analysts forecast that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current fiscal year.

Build-A-Bear Workshop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 26th. Build-A-Bear Workshop's dividend payout ratio (DPR) is 19.73%.

Insider Activity at Build-A-Bear Workshop

In other Build-A-Bear Workshop news, Director Lesli Rotenberg sold 1,755 shares of Build-A-Bear Workshop stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $53.52, for a total value of $93,927.60. Following the transaction, the director directly owned 11,825 shares in the company, valued at approximately $632,874. This trade represents a 12.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Craig Leavitt sold 8,250 shares of Build-A-Bear Workshop stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $50.21, for a total value of $414,232.50. Following the completion of the transaction, the director owned 72,392 shares in the company, valued at $3,634,802.32. This trade represents a 10.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.80% of the company's stock.

Institutional Trading of Build-A-Bear Workshop

A number of institutional investors have recently modified their holdings of BBW. Thrivent Financial for Lutherans boosted its position in 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 worth $38,789,000 after purchasing an additional 737,890 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Build-A-Bear Workshop by 63.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,391 shares of the specialty retailer's stock worth $175,000 after purchasing an additional 1,321 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in Build-A-Bear Workshop by 2.1% during the second quarter. SkyView Investment Advisors LLC now owns 17,065 shares of the specialty retailer's stock worth $915,000 after purchasing an additional 356 shares in the last quarter. Vident Advisory LLC purchased a new position in Build-A-Bear Workshop during the 2nd quarter valued at about $437,000. Finally, Rafferty Asset Management LLC raised its position in Build-A-Bear Workshop by 6.0% during the second quarter. Rafferty Asset Management LLC now owns 7,284 shares of the specialty retailer's stock worth $376,000 after acquiring an additional 414 shares during the last quarter. 79.30% of the stock is currently owned by hedge funds and other institutional investors.

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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