Build-A-Bear Workshop (NYSE:BBW) Sets New 12-Month High - Time to Buy?

Key Points

• Build-A-Bear Workshop shares reached a new 52-week high of $57.51, with significant trading volume of 116,218 shares.
• Equities analysts have raised their price targets for the stock, with DA Davidson setting a new target of $64.00 and Piper Sandler increasing theirs to $39.00.
• The company reported strong earnings of $1.17 EPS for the last quarter, exceeding analysts' expectations, and has announced a quarterly dividend of $0.22 per share.

Build-A-Bear Workshop, Inc. (NYSE:BBW - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $57.51 and last traded at $57.43, with a volume of 116218 shares. The stock had previously closed at $55.60.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Piper Sandler lifted their price objective 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. Wall Street Zen upgraded Build-A-Bear Workshop from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Finally, DA Davidson increased their price target on Build-A-Bear Workshop from $60.00 to $64.00 and gave the company a "buy" rating in a report on Monday, August 4th.

Build-A-Bear Workshop Price Performance

The business has a 50-day moving average of $51.93 and a 200-day moving average of $43.49. The company has a market capitalization of $759.11 million, a P/E ratio of 13.81 and a beta of 0.70.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last issued its earnings results on Thursday, May 29th. The specialty retailer reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.31. Build-A-Bear Workshop had a return on equity of 40.74% and a net margin of 10.91%. The firm 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 earned $0.82 earnings per share. Sell-side analysts predict that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current fiscal year.

Build-A-Bear Workshop Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 26th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, June 26th. Build-A-Bear Workshop's dividend payout ratio is currently 21.15%.

Insider Transactions at Build-A-Bear Workshop

In other Build-A-Bear Workshop news, CEO Sharon Price John sold 31,250 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $45.73, for a total value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Eric R. Fencl sold 6,993 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $48.50, for a total value of $339,160.50. Following the transaction, the chief accounting officer owned 123,318 shares of the company's stock, valued at approximately $5,980,923. This represents a 5.37% 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 in the last 90 days. 5.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Build-A-Bear Workshop

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP purchased a new stake in shares of Build-A-Bear Workshop in the first quarter valued at approximately $28,000. AlphaQuest LLC raised its holdings in shares of Build-A-Bear Workshop by 106.1% in the first quarter. AlphaQuest LLC now owns 814 shares of the specialty retailer's stock worth $30,000 after acquiring an additional 419 shares during the last quarter. MTM Investment Management LLC acquired a new position in shares of Build-A-Bear Workshop in the second quarter worth $52,000. Canada Pension Plan Investment Board acquired a new position in shares of Build-A-Bear Workshop in the second quarter worth $57,000. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of Build-A-Bear Workshop by 19.4% in the second quarter. Ameritas Investment Partners Inc. now owns 1,270 shares of the specialty retailer's stock worth $65,000 after acquiring an additional 206 shares during the last quarter. Institutional investors and hedge funds own 79.30% of the company's stock.

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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