Build-A-Bear Workshop (NYSE:BBW) Sets New 12-Month High Following Strong Earnings

Build-A-Bear Workshop, Inc. (NYSE:BBW - Get Free Report)'s share price reached a new 52-week high during trading on Thursday following a stronger than expected earnings report. The stock traded as high as $55.57 and last traded at $49.51, with a volume of 138359 shares changing hands. The stock had previously closed at $42.78.

The specialty retailer reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.31. The firm had revenue of $128.40 million during the quarter, compared to analysts' expectations 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 quarter in the previous year, the company earned $0.82 earnings per share.

Build-A-Bear Workshop Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were paid a $0.22 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.88 dividend on an annualized basis and a yield of 1.72%. This is a positive change from Build-A-Bear Workshop's previous quarterly dividend of $0.20. Build-A-Bear Workshop's payout ratio is presently 23.10%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BBW shares. Piper Sandler lifted their price target on shares of Build-A-Bear Workshop from $35.00 to $39.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. DA Davidson lifted their price target on shares of Build-A-Bear Workshop from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Friday. Finally, Wall Street Zen raised shares of Build-A-Bear Workshop from a "hold" rating to a "buy" rating in a research note on Friday.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Build-A-Bear Workshop by 1.4% in the first quarter. Vanguard Group Inc. now owns 995,693 shares of the specialty retailer's stock worth $37,010,000 after purchasing an additional 13,713 shares in the last quarter. De Lisle Partners LLP lifted its position in shares of Build-A-Bear Workshop by 2.4% in the first quarter. De Lisle Partners LLP now owns 765,911 shares of the specialty retailer's stock worth $28,519,000 after purchasing an additional 18,000 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Build-A-Bear Workshop by 11.8% in the first quarter. American Century Companies Inc. now owns 482,641 shares of the specialty retailer's stock worth $17,940,000 after purchasing an additional 50,933 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Build-A-Bear Workshop by 26.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 291,990 shares of the specialty retailer's stock worth $13,443,000 after purchasing an additional 61,111 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Build-A-Bear Workshop by 77.5% in the fourth quarter. Bank of New York Mellon Corp now owns 180,045 shares of the specialty retailer's stock worth $8,289,000 after purchasing an additional 78,629 shares in the last quarter. Institutional investors own 79.30% of the company's stock.

Build-A-Bear Workshop Price Performance

The stock's 50-day moving average price is $38.37 and its 200 day moving average price is $39.68. The firm has a market cap of $674.83 million, a P/E ratio of 13.59 and a beta of 0.54.

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.